Iyinoluwa Aboyeji

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Iyinoluwa Samuel Aboyeji
African Innovator Iyinoluwa Aboyeji .jpeg
Iyinoluwa Aboyeji. Retrieved from Pulse.ng. Retrieved 27th June 2019.
Born (1991-03-28) March 28, 1991 (age 30)
Lagos, Nigeria
NationalityNigerian
Alma materUniversity of Waterloo
Loyola Jesuit College
OccupationEntrepreneur
Known forBeing the Co-founder of Andela
Co-founder and Managing Director of Flutterwave
Websiteiyinoluwa.org

Editor: Marthia Keorapetse and Charissa Cassels

Iyinoluwa Aboyeji is a Nigerian entrepreneur. He is the co-founder of Andela, an engineering-as-a-service business that assists companies to build remote teams quickly and cost-effectively.[1] Aboyeji is also the founder and former managing director of Flutterwave, a technology that uses digital payments infrastructure that assists banks and businesses to build seamless and secure payments for their customers[2] In March 2019, Aboyeji founded Future Africa, an innovation fund that provides capital and coaching to innovators.

History

Aboyeji was born on 28 March, 1991 in Lagos, Nigeria. He graduated from the Loyola Jesuit College, Abuja, in 2007.[3] From there he went to Columbia International College and obtained his degrees in International Development, Legal Studies, and Economics. After obtaining these he furthered his education at the University of Waterloo in Canada, where he earned a B.A in Legal Studies.

At the age of 18, Aboyeji worked as an intern at the World Youth Alliance (WYA) in the United Nations Headquarters. He then later ran one of Canada's largest student-owned publishing houses, Imprint Publications, as President of the Board.[4]

At 19, Aboyeji co-founded Bookneto Inc. alongside Pierrie Alrs. Bookneto is a social learning platform for sharing and organising learning resources within learning communities. It allows users to manage course interactions and the ability to see questions, insights, and discussions on course material from students taking related courses at other schools.[5]

After Bookneto Inc. was acquired by the Canadian Innovation Center in 2013[6], Aboyeji co-founded Fora alongside Ian Carnevale and Nadayar Enegesi. Fora enables African universities to grow by giving them access to online course content that is developed by professors at leading global institutions.[7]

In 2014, Aboyeji met up with Jeremy Johnson, a technology entrepreneur, and they started a company called Andela. Andela invests in African software engineers to help companies solve the technical talent shortage and build high-performing distributed engineering teams.[8] The growth of Andela attracted investments from both local and international investors, some including Facebook's Mark Zuckerberg and former US Vice President, Al Gore.[9] Aboyeji was involved with Andela for two years before resigning and moving on to his next venture. Before he left Andela, the company had raised $24 million Series B funding which was led by Mark Zuckerberg.[10] In 2016, Flutterwave was launched. Flutterwave is a payment partner for businesses that operate globally. It allows for payments to be made and accepted anywhere around the world on an integrated platform.[11]

Aboyeji was involved with Flutterwave for two years as CEO before resigning on 15 October 2018. The company had by then processed 60 million transactions worth over $2 billion[12] Aboyeji stated that he resigned in order to focus on giving back to the startup community he owes so much of his success to, as well as to dedicate his time to his family.[13]

He worked as the Deputy Director-General on Oby Ezekwesili’s, former Vice President of the World Bank and Minister of Education for Nigeria, Presidential campaign from 2018 to February 2019.

Aboyeji is the founding partner of Street Capital, a business aimed at connecting global investors and philanthropists with entrepreneurs in Africa. Street Capital was founded in November 2018.

He became an advisory board member of Share Africa Project in April 2019.

Aboyeji is a Board member and is part of the Finance and Strategy Committee for Rainbow Educational Services Limited, that provides high-quality education to students. He acquired this position in 2018.[14]

In 2018, he became a board member of FilmoRealty, a total property and facilities management services company.[15]

In March 2019, Aboyeji founded Future Africa and became a General Partner of the company. Future Africa is a people-powered innovation fund that funds innovators at their earliest stages, focusing on investments in technology, media and infrastructure spaces.[16]

He is the founder and Chairman of Talent City Inc. and occupied this position in October 2019. Talent City Inc. focuses on providing the best quality of life for African technology talent that drives innovation and the digital economy.

In February 2020, he became a member of the board of governors at the Loyola Jesuit College.[17]

Achievements and Awards

In 2010, Aboyeji received a John C Holland award for Youth Leadership. This was awarded by the JC Holland Foundation.

In 2011 he was recognised as Nigeria’s top 20 under 20, awarded by Ynaija!.

In 2012, he was named a World Economic Forum Global Shaper.[18]

In 2015, he was recognised by Forbes 30 under 30 as "Most Promising Young Entrepreneurs in Africa.”[19]

In 2017, Aboyeji received a West Africa Mobile Award.[20]

Business Day named Aboyeji as one of the 50 Most Influential Nigerians in 2017.

New African Magazine listed him among its 100 Most Influential Africans of 2017.[21]

In 2018 he was listed as one of the Forbes 30 under 30 people under the Enterprise Technology section.[22]

Aboyeji was listed as one of the World Economic Forum Young Global Leaders in 2018 by the World Economic Forum.[23]

He was listed among the 100 Most Influential People of African Descent by MIPAD.[24]

References

  1. Solving The Global Tech Talent Shortage - Andela. Retrieved 27 August, 2020.
  2. Flutterwave - LinkedIn. Retrieved 27 August, 2020.
  3. Bellanaija.com, “Nigeria’s Got Hope! – Meet Iyinoluwa Aboyeji, 19-year-old Co-founder of promising Online Startup, Bookneto”. Published 27 January, 2011. Retrieved 14 May, 2019
  4. The Bridge Leadership Blog, “Youth of the Week: Iyinoluwa Aboyeji”. Published 15 October, 2018. Retrieved 14 May, 2019
  5. Bloomberg, "Bookneto". Retrieved 15 May, 2019
  6. Pitchbook, "Bookneto". Retrieved 15 May, 2019
  7. https://www.crunchbase.com/organization/fora#section-overview
  8. "Andela" on LinkedIn. Retrieved 15 May, 2019
  9. Quartz Africa, “Andela’s latest $100 million funding round is led by a former US vice president”. Published 23 January, 2019. Retrieved 16 May, 2019
  10. Quartz Africa, “The co-founder of Nigerian startup Andela is leaving to start a payments company”. Published 10 August, 2016. Retrieved 16 May, 2019
  11. "Flutterwave - About Us". Retrieved 19 May, 2019
  12. Quartz Africa, “A leading Nigerian fintech startup has raised $20 million but is losing its high-profile CEO”. Published 15 October, 2018. Retrieved 19 May, 2019
  13. Brandcrunch, “Iyinoluwa Aboyeji on his resignation as CEO, Flutterwave”. Published 15 October, 2018. Retrieved 19 May, 2019
  14. Aboyeji - LinkedIn. Retrieved 31 August, 2020.
  15. & Facilities Management - FilmoRealty. Retrieved 28 August, 2020.
  16. is Future Africa? - Future Africa. Retrieved 28 August, 2020.
  17. Aboyeji - LinkedIn. Retrieved 31 August, 2020.
  18. Rise Networks, “Iyinoluwa Aboyeji, Co-Founder of Andela and Advisor at Africa Angels Network is RISE Youth Of The Week”. Retrieved 25 May, 2019
  19. Forbes profile, “Iyinoluwa Aboyeji”. Retrieved 25 May, 2019
  20. Milken Institute, "Awards". Retrieved 25 May, 2019
  21. 27, Flutterwave's Iyinoluwa Aboyeji represents the new breed of African leaders - digestafrica. Retrieved 28 August, 2020.
  22. Aboyeji - Forbes. Retrieved 27 August, 2020.
  23. the 2018 class of Young Global Leaders - World Economic Forum. Retrieved 27 August, 2020.
  24. 27, Flutterwave's Iyinoluwa Aboyeji represents the new breed of African leaders - digestafrica. Retrieved 28 August, 2020.