Flutterwave CEO, “GB” defender Agbolahas said, “To maintain momentum and continue to make a meaningful contribution to national economic growth, Fintech companies must understand that payment processing is only the starting point. We must create added value for individuals and businesses to expand the potential of digital technology beyond sending and receiving money .
Mr. Agboola said this while speaking to a group of MBA students at Harvard Business School (HBS) on January 24, 2023. Flutterwave is a leading payment technology company that started processing payments for companies like Uber and Air Peace, but has now added e-commerce, international transfers to the services provided.
Agboola identified a lack of trust from potential customers, partners, and government officials, fragmented payments across the continent, and the unavailability of local talent, especially for technical roles, as part of the main challenges faced in the early stages of most startups in Africa. a famous start. However, he added, “My love of using knowledge and networks to solve problems for people, including the unknown, helps us stay and provide a payment infrastructure that supports businesses in Africa and global businesses like Uber that want to expand. Africa.”
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Speaking about his personal lessons and experiences as an entrepreneur in Africa, Agboola noted that “collaboration and strategic partnerships between all relevant domestic and foreign stakeholders are essential to help developing economies in Africa, Asia, and Latin America effectively use digital transformation for inclusive and sustainable . development.” This is because solving the payment problem is not and will not be through the dreams of one person or a company’s efforts. This shows that, indeed, the popular African proverb: “it takes a village to raise a child,” is true with payment solutions in developing economies.
The lecture was chaired by Hakeem Belo-Osagie, entrepreneur, senior lecturer of Business Administration at Harvard Business School, and member of Harvard University’s Global Advisory Board.
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