Flutterwave, a Nigerian fintech
firm, has been named a “Pioneer” on TIME’s 2021 list of the 100 Most
Influential Companies in the World.
In a list, which includes big
guns such as Apple, Twitter and Stripe, the Nigerian firm makes history as the
only African company to make it this year.
The list was divided into 5
categories; Pioneers, Leaders, Innovators, Disruptors and Titans.
TIME reports that the fintech
company was chosen for its efforts in recharging retailers after the pandemic
slowed travel in Nigeria.
Flutterwave co-founder and CEO,
Olugbenga Agboola, explained that the digital payment provider launched a free
promotion called “keeping the lights on.”
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, compares the infrastructure
of digital transactions across nations and platforms, “you don’t want to think
about it, you just want it to work.”
Agboola called the free campaign
“keeping the lights on.”
Flutterwave hit tech-unicorn
status in March when it secured 170 million dollars in Series C funding from
global investors, valuing the company at more than one billion dollars.
TIME gathered nominations from
its global network of editors and correspondents, as well as industry experts,
to compile the list.
Health care, entertainment,
transportation, technology, and a variety of other industries are among those
represented.
The relevance, impact,
innovation, leadership, ambition, and success of each company were then
evaluated.
Other companies listed under
‘Pioneers’ include Rihanna’s SAVAGE X FENTY, Bumble, Beyond Meat, Hello
Sunshine, Strava, Klutch Sports Group
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