Nigeria’s Flutterwave Named One of TIME’s 100 Most Influential Companies

Nigerian fintech firm, Flutterwave has been named a “Pioneer” on TIME’s 2021 list of the 100 Most Influential Companies in the World.

The firm is the only African company in a list that includes big wigs like Apple, Twitter, Netflix and Stripe. The list was divided into 5 categories: Pioneers, Leaders, innovators Disruptors and Titans.

TIME said the fintech company was chosen for its efforts in recharging retailers after the pandemic slowed travel in Nigeria.

“The co-founder and CEO of Nigeria’s Flutterwave, Olugbenga Agboola, compares the infrastructure of digital transactions across nations and platforms (think credit cards, debit payments and digital wallets) to plumbing: you don’t want to think about it, you just want it to work,” TIME said.

“When pandemic lockdowns hit brick-and-mortar businesses in Africa, the digital-payment service was able to rapidly set up digital storefronts for 20,000 customers, throwing them a lifeline. Agboola called the free campaign “keeping the lights on.” Flutterwave hit tech-unicorn status in March when it secured $170 million in Series C funding from global investors, valuing the company at more than $1 billion.”

In a tweet, Flutterwave said it was “beyond excited to have made the inaugural TIMES100 Most Influential Companies 2021 list alongside amazing companies like Paypal, Alibaba, Netflix and many others.”

Companies listed under ‘Pioneers’ include, Rihanna’s SAVAGE X FENTY, Bumble, and Beyond Meat, Hello Sunshine, Strava, Klutch Sports Group, amongst others.

Leaders on the list include Apple, Twitter, Nike Nubank, Mastercard, Volkswagen and the English Premier League, amongst others. Netlix, Spotify, Stripe, Nintendo and Zoom made up the Innovators list.

Flutterwave reently received about $170 million in investment from global investors, valuing the firm at more than $1 billion. Agboola recently made the Forbes Africa’s “100 Innovations, Inventions and Icons from Africa” list, and also got featured in TIME’s “100 Next” 2021 list.

Follow us on:

AriseNews

Recent Posts

Overland Airways Launches Lagos-Banjul Flights to Boost Intra-African Trade and Tourism

Overland Airways has launched Lagos-Banjul flights, aligning with SAATM and AfCFTA goals to boost intra-African…

1 second ago

Saipem Secures $1 Billion Contract for Shell’s Bonga North Deepwater Project in Nigeria

Saipem, with KOA Oil & Gas and AVEON Offshore, has secured a $1bn Shell contract…

7 minutes ago

Atiku Criticises 2025 Budget as Inadequate, Highlights Rising Debt and Fiscal Imbalances

Atiku has criticised the 2025 federal budget, calling it inadequate to address Nigeria's challenges, with…

8 minutes ago

FG Warns Against Politicising Stampede Deaths in Ibadan, Abuja, and Anambra

The federal government has cautioned politicians against politicising stampede incidents in Ibadan, Abuja, and Okija,…

12 minutes ago

Gbadebo Rhodes-Vivour: Commercialisation Of GMO Seeds Can Take Away Nigeria’s Food Sovereignty, Cause Health Issues

Gbadebo Rhodes-Vivour has condemned the commercialisation of GMO seeds, warning of threats to Nigeria’s food…

14 hours ago

Usyk Defeats Fury on Points in Riyadh to Retain Heavyweight Championship Title

Oleksandr Usyk has secured victory over Tyson Fury in Riyadh, successfully defending his heavyweight championship…

19 hours ago