Flutterwave co-founder, ready to invest $100,000 in Nigerian SMEs

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Iyinoluwa Aboyeji, the founder of the investment firm Future Africa (Source: Business Insider Africa via Google)

HIyinoluwa Aboyeji, the founder of the investment firm Future Africa, has stated that his organization is eager to invest in Nigerian small businesses in order to support their expansion.

Before leaving the product sector to become an investor in the product market, Aboyeji co-founded Flutterwave and Andela, which helped them grow into billion-dollar businesses in Nigeria.

After leaving Flutterwave in October 2018, he founded Future Africa in March 2019. As of 2021, the company had invested $4.3 million in 43 companies, but there is still money available for more investments.

Aboyeji said in a statement on his Twitter account on Friday that the business was still interested in giving startups seed money in the amount of $25,000 to $100,000 in exchange for a 5 percent to 10 percent share in the investable company.

Although he stated that in order to access the funding, the businesses must go through Future Africa’s reliable networks.

“We really want to be your financial co-founder and help you tell your story, build your team, close your first customer, design your product and most important raise your seed round. If you are good to go on all the above – we might not be as valuable to you”, he wrote.

Aboyeji further stated, “Honestly I’m very honored when people send us decks asking for million dollar seed rounds but for now @anafricanfuture writes very small 25k-100k checks and we like to own a 5%-10% of target companies.”

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