Lipa Later Group, Africa’s leading Buy-Now-Pay-Later (BNPL) firm, has appointed Mr. Olugbenga ‘GB’ Agboola, Chief Executive Officer and Founder of Flutterwave, to its advisory board.
Mr. Agboola is a software engineer with an MBA and a Master’s degree in Information Technology Security and Behavioural Engineering. He is a highly regarded serial entrepreneur with two successful exits under his belt.
“Olugbenga Agboola is one of Africa’s foremost fintech experts, and we are huge admirers of the work he has done on the continent,” said Eric Muli, CEO of Lipa Later. “Having GB join us is an incredible honor and testament to the work we do here at Lipa Later.”
Mr. Olugbenga Agboola commented on the appointment, saying, “I have followed Lipa Later for some time now and I am impressed by its continued innovation, growth strategy, and broad vision for Africa.” “The highly innovative and forward-thinking team on board has built a robust and scalable platform that positions Lipa Later to capitalize on untapped market opportunities and lead the BNPL market across the continent,” he added.
Mr. Agboola founded Flutterwave in 2016 to provide consumers in Africa and beyond with the convenience of new features such as digital payments. After raising USD $250 million in a Series D funding round, the company is now valued at more than USD $3 billion. B Capital Group, Alta Park Capital, Whale Rock Capital, Lux Capital, Glynn Capital, Avenir Growth, Tiger Global, Green Visor Capital, and Salesforce Ventures are among Flutterwave’s investors. Flutterwave is based in San Francisco, California, and has offices in Nigeria, Kenya, Ghana, South Africa, and seven other African countries. Before founding Flutterwave, he had two exits.
Lipa Later hopes to take Africa by storm with Mr. Agboola as an advisor. The company recently raised USD $12 million from investors with the goal of aggressively expanding beyond Kenya, Uganda, and Rwanda.