38-year-old Gbenga Agboola, Flutterwave Founder, Buys a 5.4 billion naira ($7.4 million) Miami Beach Home.
Olugbenga Agboola, the co-founder and CEO of fintech startup Flutterwave, has made a significant purchase in the luxury real estate market.
According to records, Agboola recently bought a six-bedroom, seven-bathroom house in Miami Beach for $7.1 million.
The property was previously owned by the Boschetti Group, a real estate development firm that purchased the plot for $1.2 million in 2021 and built the home last year.
Agboola is the founder and CEO of Flutterwave, a fintech company that specializes in payments infrastructure for banks and global businesses. Based in San Francisco and founded in 2016, Flutterwave has raised $474.5 million in funding so far.
Flutterwave’s valuation reached $3 billion last year, according to multiple outlets.
Last month, hackers stole more than $4 million from Flutterwave accounts in Nigeria, as Business Insider Africa reported. Flutterwave filed a motion to freeze accounts involved in the attack.
After publication, a spokesperson for Flutterwave said in a statement that the firm was not hacked and that a routine check of the firm’s transaction monitoring system revealed an unusual trend of transactions on some users’ profiles, and those that did not have two-factor authentication might have been exposed. Its policy is to hold the transactions and notify law enforcement.
Despite these challenges, Agboola’s purchase of a luxury Miami Beach home underscores the continued success of Flutterwave and the lavish lifestyles enjoyed by many successful entrepreneurs in the tech industry.
Gbenga’s shares in Flutterwave are worth $200 million according to market valuation as he is currently single as well.