• Tech - News
  • Updated: December 29, 2022

Iyinoluwa Aboyeji, Elon Musk Ranked Among World's Serial Unicorn Creators

Flutterwave's co-founder Iyinoluwa Aboyeji has been cited as one of 62 founders worldwide who have created two unicorns.

The Stanford Graduate School of Business Venture Capital Initiative featured him with Elon Musk and other well-known businesspeople.

There are 3,025 unicorn entrepreneurs worldwide, but only one of them, Richard Klausner, has created four unicorns, according to Ilya Strebulaev, the Initiative's founder and director.

He claims that 66 people have founded multiple companies with a market value of $1 billion or more.

He claims that three people have founded three unicorns and 62 have founded two unicorns each.

The 31-year-old Aboyeji responded to the list by attributing his achievements to divine direction and the opportunity provided to him by his nation, Nigeria.

“At 31 years old, by the grace of God, I am one of 62 people in the whole world and very likely the only African to have co-founded two unicorns – Andela and Flutterwave.

“I am grateful to my country, Nigeria. I have repeatedly said that in no other country on earth would my story have been possible.

"I am not a Caucasian male. I’m just barely 30 years old. I wasn’t born into old money.

"My parents are humble clergy – the son of a butcher and the daughter of clergy who worked their way up.

"It is only through prayers, hard work and the favour of God we have come this far.

"Can anything good come out of Nigeria? Well yes – this is our testimony. We produce unicorns.”

Aboyeji also expressed gratitude to the founding teams and his coworkers from the previous ten years.

“They believed when no sane person would. They worked and sacrificed everything to build the future on the continent and I’m so happy for how God has blessed the work of their hands in return,” he said.

A unicorn is described as a startup company that is privately held and has a capitalisation of over $1 billion.

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Lawrence Agbo
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