President Bola Tinubu has approved a $75 million investment in Nigerian fintech firm Flutterwave ahead of its planned Initial Public Offering (IPO). The announcement was made on Monday by Dada Olusegun, the President's Special Assistant, through a social media post. This funding injection comes as Flutterwave recently received regulatory approval to operate banking services in Nigeria, allowing the company to expand its financial offerings. The investment is expected to strengthen Flutterwave's position as it prepares for a public market debut, potentially boosting investor confidence in the homegrown tech platform. Flutterwave, founded in 2016 by Olugbenga Agboola, has grown into one of Nigeria's most prominent fintech companies, processing billions of dollars in transactions annually across Africa.
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