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Aboyeji Quits Andela, Floats Flutterwave

iyin aboyeji

Co-founder of Andela, Mark Zuckerberg’s first big tech investment in Africa, Iyin Aboyeji, has announced his exit from the company.

Andela is a Lagos-based coder training company, which raised about $24 million courtesy Facebook founder, Mark Zuckerberg, about eight weeks ago.

Aboyeji said he was leaving Andela to start-up his new company called Flutterwave.

He said the new company is a digital payments infrastructure platform that will aggregate various payment methods for merchants, banks, and money transfer operators across Africa.

The 25-year-old tech-guru said Fluttterwave will operate in Nigeria, Ghana and the United States of America (USA).

Aboyeji said he hopes Flutterwave would being able to ensure outsourced developers easily receive payment in their countries without Andela incorporating in each country.

He disclosed that Flutterwave has received undisclosed seed funding from Silicon Valley’s Y Combinator, South Africa’s CRE VC, and VCFintech, a Little Rock, Arkansas based accelerator which is backed by major fintech firm, FIS.

Additional information from http://qz.com/754847/the-co-founder-of-nigerian-startup-andela-is-leaving-to-start-a-payments-company/

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan.

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