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* Economy * General * Sports * Showbiz * Feature/OPED * World * About Us * Contact Us Connect with us * * BUSINESS POST NIGERIA ABOYEJI QUITS ANDELA, FLOATS FLUTTERWAVE * Economy * General * Sports * Showbiz * Feature/OPED * World * About Us * Contact Us TECHNOLOGY ABOYEJI QUITS ANDELA, FLOATS FLUTTERWAVE Published 6 years ago on August 11, 2016 By Dipo Olowookere 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/ SHARE THIS: * * * FacebookTwitterLinkedInWhatsAppShare LIKE THIS: Like Loading... RELATED FLUTTERWAVE CO-FOUNDER RESIGNS FOR FAMILY REASONS By Modupe Gbadeyanka One of the founders of foremost payments technology company, Flutterwave, Mr Iyinoluwa Aboyeji, has resigned from his position as chief executive officer. With his exit from the firm, co-founder of Flutterwave, Mr Olugbenga Agboola, will replace him as the new CEO of the company. In his farewell… October 15, 2018 In "Jobs/Appointments" FLYWIRE, FLUTTERWAVE PARTNER ON CROSS-BORDER TRANSACTIONS IN NIGERIA By Dipo Olowookere A deal to make cross-border money transactions easier in Nigeria has been entered into between Flywire and Flutterwave. Flywire is a provider of global payment and receivables solutions for education, healthcare, and business, while Flutterwave is a payments’ API platform that makes it easier for banks and… March 22, 2018 In "Economy" ANDELA RAISES $200M SERIES E FUND By Adedapo Adesanya Andela, the global network for remote engineering talent, has announced $200 million in Series E financing that takes the company’s valuation to $1.5 billion. The round was led by Softbank Vision Fund 2 with participation from new investor Whale Rock and existing investors, including Generation Investment Management,… September 29, 2021 In "Technology" Related Topics:andelaflutterwaveiyin aboyejiquits andela Up Next Top 6 Useful Apps For Avid Readers Don't Miss Rimini Street Boosts Investment in Latin America Dipo Olowookere 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. Mr Olowookere can be reached via dipo.olowookere@businesspost.ng YOU MAY LIKE Flutterwave Prepares to Explore Nasdaq IPO Flutterwave Refutes Allegations of Financial Improprieties in Kenya Court Freezes Bank Accounts of Flutterwave, Others in Kenya Oneal Bhambani Joins Flutterwave as Chief Financial Officer Flutterwave Secures License to Operate in Tanzania Flutterwave Raises $250m as Valuation Reaches $3bn Click to comment LEAVE A REPLY CANCEL REPLY TECHNOLOGY SAFARICOM GETS APPROVAL TO LAUNCH M-PESA IN ETHIOPIA Published 2 days ago on October 7, 2022 By Adedapo Adesanya By Adedapo Adesanya M-Pesa, the Kenyan mobile money service, will expand into Ethiopia as the country moves to open up its telecommunications industry. At the national launch of Safaricom Telecommunications Ethiopia (STE) in the capital Addis Ababa yesterday, Ethiopia’s Finance Minister, Mr Ahmed Shide, disclosed that the mobile money platform had received approval to roll out its services across the country. He noted that Safaricom would be allowed to acquire permits of operation and license for M-Pesa services from the central bank following the approval. The license permits the telecom giant to operate in the country for 15 years. Safaricom will also operate under its original name in offering mobile money services. M-Pesa, which operates via SMS phone messaging and offers the ability to make deposits and send and receive payments, is expected to compete with state-owned Ethio Telecom service “Telebirr”, which attracted up to 4 million users in a short period after it launched its mobile financial services last year. The latest news that Safaricom will be offering mobile money services in the country is a significant milestone for the government’s liberalisation agenda. As part of the reforms, international telecoms businesses have been allowed to set up shop in Ethiopia, including Kacha Digital Financial Services, which became the first private company in the East African nation to be awarded a mobile money license by the National Bank of Ethiopia. Ethiopia is an opportunistic market where the company plans to offer the M-Pesa service once regulatory approval is received. SHARE THIS: * * * FacebookTwitterLinkedInWhatsAppShare LIKE THIS: Like Loading... RELATED Continue Reading TECHNOLOGY STAKEHOLDERS CALL FOR STRONG NATIONAL CYBERSECURITY INFRASTRUCTURE Published 2 days ago on October 7, 2022 By Modupe Gbadeyanka By Modupe Gbadeyanka Experts and stakeholders in the financial services sector have urgently called on the federal government to put a strong national cybersecurity infrastructure in place. They submitted that an effective cybersecurity strategy would address the ever-evolving cyber threats and critical infrastructure protection challenges plaguing the national economy. The stakeholders spoke in support of this development at the launching of the Cybersecurity Consulting Operations Nigerian Cybersecurity by the Cyberechnologies Next Generation (CybertechNX). The Managing Director of CybertechNX, Mr Austine Ohwobete, stated, “cybercriminals are on their digital revolution journey. “Trends like work-from-home, Internet of Things (IoT), bring-your-own-device (BYOD) and cloud initiatives have given hackers new ways to infiltrate organisations by exponentially expanding the attack surface”. “Technologies like artificial intelligence (AI) and machine learning (ML) have now given hackers and bad actors, both state and nonstate, new tools to distribute malware, vector in on high-end targets, and reach bigger and more diverse audiences. And as these technologies evolve, cybercriminals are becoming increasingly stealthy, sophisticated and evasive,” he added at the event organised by the Committee of Chief Information Security Officers of the Nigerian Financial Institutions (CCISONFI). The President of the Information Security Society of Africa (ISSAN) and Group Head, Operations and Technology, Ecobank Nigeria, Mr David Isiavwe, in his presentation, stated that evolving and sustaining premium cyber-security is very important because over $7 trillion is available to be stolen worldwide, including Nigeria, on the cyberspace. According to him, “the first thing that the ISSAN is doing is advocacy. We are engaging all key stakeholders to ensure adequate constant collaboration. Everybody must work together because the entire cyberspace is as secure as its weakest link. We are also saying that every individual should be careful.” “Once a message doesn’t look right, and it has a link, please do not touch the link until you have confirmed to know the person that sent that message. We want people to know how to protect themselves. “Secondly, we are also taking steps to ensure that organisations put in place the rudiments and the basics required to ensure that they are protected. “Thirdly, there must be management buy-in from the board level, which I call ‘the tone at the top.’ If the board and senior management do not support it, it will just be a joke, and there will be no security. “Then we are building and focusing on human capacity development by engaging with experts to ensure that organisations remain secure and safe,” he added. Mr Isiavwe further stressed “the urgent need to evolve a strengthened cyber-security system in Nigeria because of growing digitalisation of the country’s economic and social interactions as people now work from home and anyone with a smart cell phone could hop into the cyberspace from anywhere and attack nation-states, organisations, and individuals. “All these mean that the threat landscape has expanded significantly across the borders of any organisation and country”. On his part, the Chairman of CCISONFI, Mr Abumere Igboa, stated that there was a constant need to address the related challenges of ensuring continuous cybersecurity and data privacy through a strong national cyber-security infrastructure. He added that the lack of a proper identity management framework is leading financial institutions to rely on other means for identifying information, such as BVN, stressing that only through concerted efforts by all industry stakeholders and the government can eliminate or reduce the activities of cybercriminals. SHARE THIS: * * * FacebookTwitterLinkedInWhatsAppShare LIKE THIS: Like Loading... RELATED Continue Reading TECHNOLOGY NIGERIA RE-ELECTED TO ITU COUNCIL SEAT TILL 2026 Published 3 days ago on October 6, 2022 By Adedapo Adesanya By Adedapo Adesanya Nigeria has been re-elected as a council member of the International Telecommunication Union (ITU) until 2026, the United Nation’s specialised agency that oversees global telecommunication operations. As a result, Nigeria will serve on the council again from 2022-2026. Nigeria became a member of the union on November 4, 1961. The Nigerian delegation was led to the global event by the Minister of Communications and Digital Economy, Mr Isa Ali Pantami. Other members of the delegation included the Chairman of the board of Commissioners of the Nigerian Communications Commission (NCC), Mr Adeolu Akande; and the Executive Vice Chairman/Chief Executive Officer of NCC, Mr Umar Danbatta. Commenting on Nigeria’s re-election into the council, Mr Danbatta thanked the ITU member states for the confidence it has in Nigeria. “The re-election of Nigeria as a member of ITU Council for the next four years, again, points to the globally-recognised leadership role Nigeria is playing in Africa and at the level of ITU Council in the area of telecommunications policy formulation and technical regulations development to drive ITU’s mission and vision,” the EVC said. The election of Nigeria and other countries, on Monday, October 3, 2022, into different regional groups that constitute ITU Council was the high point of the Plenipotentiary Conference 2022 (PP-22) ongoing in Bucharest, the capital city of the Republic of Romania. The ITU is governed by the Plenipotentiary Conference and the Administrative Council. The Plenipotentiary Conference is the supreme organ of the union. It is the decision-making body that determines the direction of the union and its activities. The ITU, originally established in 1865 as the International Telegraph Union and became a United Nations specialised agency in 1947, was set up to coordinate telecommunications operations and services throughout the world. It is headquartered in Geneva, Switzerland. Like Nigeria and the countries elected into the Council, American Doreen Ms Bogdan-Martin, as the first woman to lead ITU in its 157-year history, will begin her four-year term in January 2023. Bogdan-Martin is the first American to hold the post since Gerald Gross, who served from 1958 to 1965. Her immediate predecessors were Mr Hamadoun Touré of Mali, who was in office from 2007 to 2014, and Mr Houlin Zhao of China, from 2015 to the end of this year. The seats in ITU Council are divided into five regions, A to E. Nigeria was elected into the ITU Council, Region D for Africa, which has 13 seats. The other 12 countries elected alongside Nigeria are Algeria, Egypt, Ghana, Kenya, Mauritius, Morocco, Rwanda, Senegal, South Africa, Tanzania, Tunisia, and Uganda. Elections of member states also took place in Region A for The Americas (nine seats); Region B for Western Europe (eight seats); Region C for Eastern Europe & Northern Asia (five seats); and Region E, for Asia and Australasia with 13 seats as Africa. SHARE THIS: * * * FacebookTwitterLinkedInWhatsAppShare LIKE THIS: Like Loading... 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