Flutterwave, the Nigerian payments fintech that acquired a microfinance banking licence in April, has promoted over 100 of its employees globally and introduced employee support packages as it marks its tenth operational year.
The company said it promoted about 25% of its global workforce, offering cost-of-living adjustments, tax support for employees in Nigeria, and a one-time economic relief payment for employees globally. The company did not disclose the levels or functions of the promoted staff.
The move underscores Flutterwave’s focus on talent retention at a time when several Nigerian fintechs, including Branch, Kuda, and Quidax, have reduced headcount in efforts to improve operational efficiency and cut costs.
“I often say our people are our secret sauce,” Olugbenga Agboola, Flutterwave founder and chief executive officer, said. “They are the ultimate engine behind everything we build, giving us the capacity to create solutions that power businesses, unlock opportunities, and move money seamlessly across Africa and beyond.”
The move highlights how Flutterwave is evolving from one of Africa’s fastest-growing startups into a larger financial infrastructure company focused on scaling operations and retaining talent. It also reflects a broader shift across the industry, where fintechs are leaning on long-term incentives to retain talent.
