Over the years, Gbenga Agboola’s Flutterwave has emerged as a strategic player in the African tech ecosystem. The Nigerian fintech company provides unlimited possibilities for customers and businesses in Africa and developing markets.
With a firm commitment to providing global-grade services to African businesses and individuals and driving digital transformation worldwide, Flutterwave has signed a strategic technology agreement with Bill Gates and Paul Allen, Multinational technology corporation, Microsoft.
The five-year agreement will see Flutterwave leverage Microsoft Azure, the cloud computing platform, to develop its next-generation platform.
Details of the Flutterwave and Microsoft Agreement
Under the agreement, Flutterwave will be able to facilitate the accelerated growth of transactions processed on its platform for global clients such as Uber, Netflix, and Microsoft.
The partnership will also properly position Azure’s role in ensuring a seamless, reliable, and secure payment experience.
Gbenga Agboola’s reaction to the deal
Expressing appreciation for the partnership, Agboola said, “Microsoft has been an invaluable partner, providing a platform that allows us to deliver high-quality services to our clients consistently.”
Also, Flutterwave’s CTO, Gurbhej Dhillon noted that Microsoft Azure is a strong foundation necessary for the company’s development. He added that with the potential scaling of Azure OpenAI Service in the future, Flutterwave will be fully equipped to serve more merchants worldwide.
What you need to know
Recall that Flutterwave recently announced a strategic partnership with Audiomack. The partnership will offer better music experiences and introduce innovative features for customers. It will also create monetization prospects for artists across Africa.
This comes as Flutterwave expand its operation in Rwanda and Egypt, following its acquisition of the Electronic Money Issuer and Remittenace Licenses from the National Bank of Rwanda. Both licenses allow Flutterwave to offer money deposit and withdrawal, electronic funds transfer, as well as inbound and outbound remittance services to the 13.46 million people living and working in Rwanda.
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