Africa Fintech Summit: Flutterwave Tipped To Lead Event

In view of a recent report of the hacking of Flutterwave resulting in the loss of an estimated N2.9 billion, the renowned fintech unicorn has emerged as the chief sponsor of the 2023 Africa Fintech Summit.

The sponsorship comes at the heels of Flutterwave’s latest licenses issued in Egypt making it possible for the brand to be an official payment service provider in Egypt and expand its presence in MENA.

Since its first event in 2018, the Africa Fintech Summit has become the largest bi-annual financial technology gathering on the African continent.

In addition to Flutterwave’s sponsorship, AFTS will be supported by a diverse cohort of partners and sponsors.

The 9th edition of AFTS will focus on fintech regulatory best practices, diaspora banking & remittance, African fintech expansion globally, cross-border payment movements & use-cases for decentralized finance (Defi), fintech funding trends, cross-border payments under the AfCFTA, US-Africa tech connections, and several other spotlight topics.

This year's summit will be held in Washington DC on April 12, 2023, and in one African city, to be announced soon, in November 2023.

Since its inception in 2016, the Flutterwave team has been on a mission to create endless possibilities for customers and businesses in Africa and the emerging markets, so far processing over 400M transactions worth over USD $25B to date across 34 countries in Africa.

It also follows a year of rapid growth for the brand which now serves over 1,000,000 businesses across the globe.

Flutterwave’s Founder and CEO, Olugbenga Agboola, said: “Once again, we’re happy to be a lead sponsor at this year’s AFTS event.

"We believe that the AFTS network has been instrumental in developing and shaping the fintech industry in Africa and Flutterwave has been an active enabler of the ecosystem growth.

"We’re always enthusiastic to work with the Africa Fintech Summit team in engaging stakeholders and partners who help us create endless possibilities.

"We’re excited about all this opportunity provides as we continue our vision to connect African countries through payments.

“It is with immense gratitude and great pleasure we are welcoming back Flutterwave as our Lead Fintech Sponsor for both our April and November summits this year.

"Flutterwave has been and continues to be an impactful, progressive, and innovative Fintech that enables the wide Fintech ecosystem in Africa and beyond and demonstrates the Africanization of Tech in its global growth trajectory,” said Zekarias Amsalu, Co-Founder of AFTS and MD of Ibex Frontier.