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Flutterwave
Flutterwave is a Nigerian fintech company that provides a payment infrastructure for global merchants and payment service providers across the continent. History The company was founded in 2016 by Iyinoluwa Aboyeji, Olugbenga Agboola, and Adeleke Adekoya and is headquartered in San Francisco, California with operations in Nigeria, Kenya, Ghana, South Africa , and seven other African countries. In 2021, Flutterwave raised a US$170 million Series C funding round. At the time, this was the largest amount ever secured by an African tech startup and gave it a valuation of over US$1 billion, making Flutterwave a unicorn. Investors in Flutterwave include Y-Combinator, Visa Ventures, Mastercard, Avenir Growth Capital, and Tiger Global Management. Also in 2022, Flutterwave raised a US$250 million Series D funding round at over US$3 billion valuation. In December 2021, Flutterwave launched Send, an African-focused remittances service, and immediately appointed Nigerian Grammy Award- ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Olugbenga Agboola
Olugbenga Agboola (born 1985) is a Nigerian software engineer and entrepreneur. He is the CEO and co-founder of Flutterwave. Career Born in Lagos, Agboola is a graduate of the MBA program at MIT Sloan School of Management. Prior to founding Flutterwave with Iyinoluwa Aboyeji in 2016, he worked as an application engineer at PayPal and in product management at Google. National Honours Agboola was decorated with Nigeria's National Honour Medal of the Officer of the Order of Niger (OON) by President Muhammadu Buhari in recognition of his contributions to the advancement of technology, innovations and economic development. He was awarded the honour alongside Ameyo Adadevoh, Abubakar Abdullahi, Jim Ovia, Tony Elumelu, amongst others. Recognition & Awards Agboola was listed on ''Fortune'''s 40 Under 40 list in 2020. He was also on ''Time Time is the continued sequence of existence and events that occurs in an apparently irreversible succession from the past, through the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Iyinoluwa Aboyeji
Iyinoluwa Samuel Aboyeji (born March 28, 1991) is a Nigerian entrepreneur. He is a co-founder of Andela, and was the former managing director of Flutterwave. Aboyeji was cited as one of the Top 100 most influential Africans by ''New African'' magazine in 2019. Education Aboyeji attended Loyola Jesuit College, where he completed his senior secondary in 2007. Afterward he went to Columbia International College and earned a bachelor's degree in legal studies from the University of Waterloo. Career Aboyeji is the general partner and co-founder of Future Africa, a platform that provides capital, coaching and community for mission-driven innovators. After co-founding Future Africa, he served as the deputy director-general for Oby Ezekwesili's 2019 presidential campaign. Aboyeji helped in building Andela and Flutterwave Flutterwave is a Nigerian fintech company that provides a payment infrastructure for global merchants and payment service providers across the continent. History ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Privately Held Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Payment Service Provider
A payment service provider (PSP) is a third-party company that assists businesses to accept electronic payments, such as credit cards and debit cards payments. PSPs act as intermediaries between those who make payments, i.e. consumers, and those who accept them, i.e. retailers. Some of the most renowned PSPs are: * Adyen * PayPal * Stripe Operation PSPs establish technical connections with acquiring banks and card networks, enabling merchants to accept different payment methods without the need to partner with a particular bank. They fully manage payment processing and external network relationships, making the merchant less dependent on banking institutions. PSP can also offer risk management services for card and bank based payments, transaction payment matching, reporting, fund remittance and fraud protection. Some PSPs provide services to process other next generation methods (payment systems) including cash payments, wallets, prepaid cards or vouchers, and even pap ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Online Payment Service Providers
The following is a list of notable online payment service providers and payment gateway providing companies, their platform base and the countries they offer services in: (POS -- Point of Sale) See also * Payment gateway * Payments as a service * Ripple (payment protocol) Ripple is a real-time gross settlement system, foreign exchange market, currency exchange and remittance network created by Ripple Labs, Ripple Labs Inc., a US-based technology company. Released in 2012, Ripple is built upon a distributed comput ... References {{Payment service providers * Online companies Online payment service providers ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
E-commerce Payment System
An e-commerce payment system (or an electronic payment system) facilitates the acceptance of electronic payment for offline transfer, also known as a subcomponent of electronic data interchange (EDI), e-commerce payment systems have become increasingly popular due to the widespread use of the internet-based shopping and banking. Credit cards remain the most common forms of payment for e-commerce transactions. As of 2008, in North America, almost 90% of online retail transactions were made with this payment type.Turban, E. King, D. McKay, J. Marshall, P. Lee, J & Vielhand, D. (2008). Electronic Commerce 2008: A Managerial Perspective. London: Pearson Education Ltd. p.550 It is difficult for an online retailer to operate without supporting credit and debit cards due to their widespread use. Online merchants must comply with stringent rules stipulated by the credit and debit card issuers (e.g. Visa and Mastercard) in accordance with a bank and financial regulation in the countries ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stripe (company)
Stripe, Inc. is an Irish-American financial services and software as a service (SaaS) company dual-headquartered in South San Francisco, California, United States and Dublin, Ireland. The company primarily offers payment processing software and application programming interfaces (APIs) for e-commerce websites and mobile applications. History Irish entrepreneur brothers John and Patrick Collison founded Stripe in Palo Alto, California, in 2009. In 2011, the company received investment of $2 million including from PayPal co-founders Elon Musk and Peter Thiel, Irish entrepreneur Liam Casey, and venture capital firms Sequoia Capital, Andreessen Horowitz, and SV Angel. In March 2013, Stripe made its first acquisition, Kickoff, a chat and task-management application. In 2012, the company moved from Palo Alto to San Francisco. In October 2019, the company announced that it would be moving from the South of Market area to Oyster Point in the neighbouring city of South San Fra ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
PayPal
PayPal Holdings, Inc. is an American multinational financial technology company operating an online payments system in the majority of countries that support online money transfers, and serves as an electronic alternative to traditional paper methods such as checks and money orders. The company operates as a payment processor for online vendors, auction sites and many other commercial users, for which it charges a fee. Established in 1998 as Confinity, PayPal went public through an IPO in 2002. It became a wholly owned subsidiary of eBay later that year, valued at $1.5 billion. In 2015 eBay spun off PayPal to its shareholders, and PayPal became an independent company again. The company was ranked 143rd on the 2022 Fortune 500 of the largest United States corporations by revenue. History Early history PayPal was originally established by Max Levchin, Peter Thiel, and Luke Nosek in December 1998 as Confinity, a company that developed security software for hand-held de ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Interswitch
Interswitch is a leading African integrated payments and digital commerce platform company headquartered in Lagos. Founded in 2002 in Nigeria, as a transaction switching and processing company with national focus, Interswitch progressively evolved to incorporate consumer financial services with the successive launches of Quickteller, a retail payments ecosystem linking merchants and billers with consumers, as well as Verve, a homegrown, EMV-certified payments card scheme. History The Interswitch company was founded in 2002 by Mitchell Elegbe, it continued as an Africa-focused integrated digital payments and commerce company. In 2010 two thirds of the company was sold to a consortium led by Helios Investment Partners. In 2011 Interswitch took a 60 per cent stake in Bankom in Uganda. In 2013 Interswitch entered into an agreement for payment processing with Discover Financial Services. In September 2014 the company acquired a majority shareholding in Paynet Group, an East-African ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reuters
Reuters ( ) is a news agency owned by Thomson Reuters Corporation. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide. Reuters is one of the largest news agencies in the world. The agency was established in London in 1851 by the German-born Paul Reuter. It was acquired by the Thomson Corporation of Canada in 2008 and now makes up the media division of Thomson Reuters. History 19th century Paul Reuter worked at a book-publishing firm in Berlin and was involved in distributing radical pamphlets at the beginning of the Revolutions in 1848. These publications brought much attention to Reuter, who in 1850 developed a prototype news service in Aachen using homing pigeons and electric telegraphy from 1851 on, in order to transmit messages between Brussels and Aachen, in what today is Aachen's Reuters House. Reuter moved to London in 1851 and established a news wire agency at the London Royal Exchange. Headquartered in London, Reuter' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
TheCable
TheCable is an independent online newspaper in Nigeria. It was launched on April 29, 2014 by Simon Kolawole, the former editor of the This Day newspaper. Its publisher Cable Newspaper Ltd was established on November 29, 2011. Kolawole is a Chevening alumnus, Mo Ibrahim Fellow, World Economic Forum Young Global Leader, Breaking news and major stories The newspaper was the first to state that Akinwunmi Ambode will become the governor of Lagos state. It was the first to break the news on President Muhammadu Buhari's ministerial list, long before the Nigerian senate revealed the list. It reported that Yemi Osinbajo was going to be the vice-presidential candidate of the All Progressives Congress (APC), four months before he was picked by Buhari. It broke the news of the divorce case of Chris Oyakhilome, leader of Christ Embassy church, and Anita, his wife. Key staff * Fisayo Soyombo, Pioneer Editor (April, 2014 to January, 2017) *George Taiwo, Former Editor (March 2017 - January ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kenyan Shilling
The shilling ( sw, shilingi; abbreviation: KSh; ISO code: KES) is the currency of Kenya. It is divided into 100 cents. Notation Prices in the Kenyan shilling are written in the form of , where x is the amount in shillings, while y is the amount in cents. An equals sign or hyphen represents zero amount. For example, 50 cents is written as "" and 100 shillings as "" or "100/-". Sometimes the abbreviation ''KSh'' is prefixed for distinction. If the amount is written using words as well as numerals, only the prefix is used (e.g. KSh 10 million). This pattern was modelled on sterling's pre-decimal notation, in which amounts were written in some combination of pounds (£), shillings (s), and pence (d, for denarius). In that notation, amounts under a pound were notated only in shillings and pence. History The Kenyan shilling replaced the East African shilling in 1966 at par. Coins The first coins were issued in 1966 in denominations of , , and , and 1/= and 2/= ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
