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Lagos is now home to some of the most innovative, tech-savvy minds on the planet.

Gov Sanwo-Olu hails tech startup Flutterwave for raising $170 million from investors | Pulse Nigeria

Jude Egbas

<h1>Electronic payments company, Flutterwave, has been quite the rave on social media this week after it raised $170 million in investments, a move that pushed its valuation to more than $1 billion.</h1>

<p>Nigeria's bustling commercial capital city of Lagos is home to some of the most innovative young minds on the planet, with a tech ecosystem that has blossomed from the rustic Yaba community to every corner of an overpopulated city. </p>

<p>Flutterwave's latest investment breakthrough underlines Nigeria's growing tech and mobile money solutions reputation, arriving on the heels of <a href="https://www.pulse.ng/business/paystack-for-n76-billion-ezra-olubi-shola-akinlade-sell-their-company-live-the-dream/3zj00kr">Paystack's acquisition by Stripe in 2020</a> for $200 million.</p>

Paystack co-founders, Shola Akinlade (Right) and Ezra Olubi (Left). Credit: Techcrunch

<p>All of which has left <strong>Governor Babajide Sanwo-Olu </strong>of Lagos giddy with excitement. </p>

<p><em>"Huge congratulations to Gbenga and the entire team of&nbsp;@theflutterwave&nbsp;for this landmark achievement. Stories of how they are enabling SMEs are everywhere around us and as a government, we are committed to supporting deeper interaction," </em>Sanwo-Olu shared in a tweet. </p>

<div class="embed"><blockquote class="twitter-tweet"><p lang="en" dir="ltr">Huge congratulations to Gbenga and the entire team of <a href="https://twitter.com/theflutterwave?ref_src=twsrc%5Etfw">@theflutterwave</a> for this landmark achievement. Stories of how they are enabling SMEs are everywhere around us and as a government, we are committed to supporting deeper interaction. <a href="https://t.co/7srJog6rZa">https://t.co/7srJog6rZa</a></p>&mdash; Babajide Sanwo-Olu (@jidesanwoolu) <a href="https://twitter.com/jidesanwoolu/status/1369929019903401984?ref_src=twsrc%5Etfw">March 11, 2021</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

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<p>Flutterwave was founded in 2016 by young Nigerians <strong>Iyinoluwa Aboyeji</strong>&nbsp;and&nbsp;<strong>Olugbenga Agboola. </strong></p>

<p>Flutterwave's CEO and co-founder, Agboola, says the company, headquartered in San Francisco and Lagos, will soon be listed on the New York stock exchange. </p>

Lagos State governor, Babajide Sanwo-Olu [LASG]

Gov Sanwo-Olu hails tech startup Flutterwave for raising $170 million from investors

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