Flutterwave, valued at $3 billion, is making strategic moves to cement its leadership in Africa's fintech space. With the recent hire of Mitesh Popat as CFO and the appointment of six other senior executives, the company is focusing on sustainable growth. The new hires are part of a larger restructuring effort, which also saw Flutterwave lay off 3% of its workforce and discontinue its Barter app to concentrate on enterprise payments and remittances.

Key points to note:

• Flutterwave’s enterprise product contributes 90% of its revenue, serving sectors like e-commerce, transportation, and FMCG.
• The Send App for remittances accounts for the remaining 10%, helping facilitate international transfers across Africa, the U.S., Europe, and Canada.
• Flutterwave aims to expand its presence in Egypt, Morocco, Nigeria, and Ghana, and secure its position as the top infrastructure layer for payments in Africa.

Agboola emphasized that the company’s ambition is to be the "Adyen of Africa", with a deeper focus on acquiring its own licenses in key markets. Despite IPO speculations, Flutterwave's current priority is to enhance market penetration and strengthen risk management.

🚀 With over 1 million businesses on its platform, Flutterwave continues to lead the way in Africa’s digital payment landscape, aiming for long-term scalability and deeper market penetration.

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