Flutterwave appoints its first independent, non-executive board member 

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February 27, 2024
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2 min read
Olajumoke Adenowo
  • Flutterwave has added Olajumoke Adenowo, a Nigerian architect, as a member of its global board of directors.
  • The role designates Adenowo as the first non-executive independent board member of Flutterwave, bringing her valuable perspective to the company's Pan-African objectives and bolstering its worldwide standing.
  • This new addition is part of Flutterwave's international expansion efforts, coming three months after three finance executives exited the company in November 2023. However, it made six new appointments a month later.

Adenowo joins the company with over 35 years of experience in her architecture career and a robust portfolio of local and international projects at the architectural firm AD Consulting. She has previously received the 2020 Forbes Woman African Entrepreneur of the Year Award.

Affirmingly, Olugbenga Agboola (CEO) said, “Olajumoke Adenowo’s insights and strategic vision will be invaluable assets as we continue to pioneer innovative solutions and drive impactful change across Africa and beyond. We look forward to her contributions and are confident that together, we will chart new heights of success.”

Additionally, Adenomo said, “As Flutterwave’s first independent non-executive board member, I draw on my personal paradigm derived from my roots in my African heritage alongside my global exposure to bolster our mission of bridging Africa with the world’s markets.”

Flutterwave, founded by Agboola and Iyinoluwa Aboyeji in 2016, provides a payment gateway for global merchants targeting three distinct customer categories– enterprises, SMEs, and individuals. 

According to a report released by Boston Consulting Group (BCG) and QED Investors, Africa's fintech ecosystem is expected to be among the fastest growing by 2030. However, Flutterwave positions itself as one of the industry's leading payment solutions.

In 2022, the company had a valuation of more than $3 billion after securing $250 million in series D funding, which preceded a $170 million series C.

Flutterwave claims to serve over a million businesses and process up to 500K transactions daily. Aside from its primary African market, it has expanded into India, the United States, and Europe. 

In December 2023, Flutterwave obtained money transfer licences in 13 states: Arizona, Arkansas, Maryland, Michigan, Delaware, Georgia, Maine, Mississippi, Missouri, New Hampshire, Iowa, North Dakota, and South Dakota. 


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