Flutterwave Makes First-ever TIME 100 Most Influential Companies in 2021
Africa’s leading payments solution company Flutterwave has been named a ’pioneer’ on TIME’s 2021 list of the 100 Most Influential Companies in the world. Amongst world-leading tech giants like Apple, Twitter and Stripe, Flutterwave makes the only African company to be included in the list. Other pioneers on the list include Bumble, Strava, Klutch Sports Group, Roblox, Hello Sunshine, and others.
The first-ever TIME 100 Most Influential Companies spotlights companies shaping the future of the world under five categories – Pioneers, Leaders, Innovators, Disruptors and Titans. The list is an expansion of the iconic TIME100 franchise, which highlights businesses making an extraordinary impact around the world. To collate the list, TIME sought nominations across sectors including health care, entertainment, transportation, technology and more from their global network of editors and correspondents and industry experts.
The list was evaluated based on key factors such as relevance, impact, innovation, leadership, ambition and success. The result is, therefore, a diverse array of 100 institutions, helping to chart an essential path forward.
Since beginning operations in 2016, Flutterwave has transformed the African payments industry by offering flexible, quick and affordable payment services to individuals and businesses across Africa.
On a mission to build the largest payment infrastructure in Africa, Flutterwave successfully launched a free promotion called “keeping the lights on”, which according to TIME, was able to quickly set up digital storefronts for 20,000 customers during the pandemic, giving them a lifeline.
Read Also: Flutterwave Secures $170 Million in Series C Funding, Now Valued at over $1 Billion
The fintech also hit tech-unicorn status in March, after it successfully secured $170 million in Series C funding from global investors, at a 1$ billion-plus valuation. Also, through a partnership with global payments technology company PayPal, Flutterwave recently unlocked a new channel for African merchants to process seamless transactions worldwide.
Interestingly, Flutterwave’s co-founder and Chief Executive Officer Olugbenga Agboola was also recently named among Forbes Africa’s 100 Innovations, Inventions and Icons from Africa list and was featured in TIME’s 100 Next 2021 list. According to Olugbenga, the company operates in 20 African countries with an infrastructure reach in over 33 countries on the continent.