Nigeria’s Flutterwave Makes History As The Only African Company That Makes TIME’s 100 Most Influential Company

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co-founder and CEO of Nigeria’s Flutterwave, Olugbenga Agboola

Nigerian fintech company, Flutterwave has been listed as a “Pioneer” on TIME’s newly released list of the 100 Most Influential Companies making an extraordinary impact around the world.

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The company makes history as the only African company to make this year’s list in a lineup that includes big wigs like Apple, Twitter, and Stripe.

According to TIME, the Nigerian company was selected for its efforts in powering retailers after the pandemic restricted movements in the region.

FLUTTERWAVE - Disrupting The Future Of Online Payments Processing In Africa | by Tyler sunday | Medium

Its co-founder and CEO, Olugbenga Agboola, explained that when pandemic lockdowns hit brick-and-mortar businesses, the digital payment service started a free campaign tagged “keeping the lights on.” This campaign, according to him, was able to rapidly set up digital storefronts for 20,000 customers, throwing them a lifeline.

Flutterwave came to the limelight after achieving tech-unicorn status in March. The company raised about $170 million in series C funding from global investors, valuing the company at more than $1 billion.

Aside from payments, the list contains a diverse array of institutions, from the tech startup engineering a smarter way to recycle to pharma titans creating the vaccines of tomorrow.

According to TIME, the list was solicited through nominations from its global network of editors and correspondents, as well as from industry experts.

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E-commerce platform Flutterwave Store launched for SMEs to sell products | Trade E Commerce

The sectors represented include health care, entertainment, transportation, technology, and more. Each company was then evaluated on key factors including relevance, impact, innovation, leadership, ambition, and success.

The list was divided into 5 categories; Pioneers, Leaders, innovators Disruptors and Titans.

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