A major expansion push is underway as the Chief Executive Officer of Flutterwave, Olugbenga Agboola, has announced plans to position Anambra State as the company’s operational hub for Nigeria’s South East region, in a move aimed at deepening fintech penetration and expanding financial inclusion across small and medium-sized enterprises.
The announcement was made during a visit to Awka, where Agboola engaged with members of the local tech ecosystem alongside the Chief Executive Officer of Stanel Group and proprietor of Delborough Hotel, Stanley Uzochukwu. The delegation was received by stakeholders within Anambra’s growing technology community.
The visit comes shortly after Flutterwave secured a banking licence from the Central Bank of Nigeria (CBN), a development the company says will enhance its ability to streamline payment infrastructure and expand services across the country.
South East hub ambition anchored on fintech expansion
Agboola said the planned establishment of Anambra as a regional hub reflects Flutterwave’s broader strategy to decentralise digital finance infrastructure and bring its services closer to businesses outside major commercial centres.
He noted that the company intends to deploy its systems more extensively within the state, including payment infrastructure and point-of-sale (POS) networks across both small businesses and larger enterprises.
According to him, the objective is to make Flutterwave’s services a preferred choice for consumers and merchants in the state, while also building a stronger local presence for operational efficiency and ecosystem development.
Focus on SMEs, lending and entrepreneurship development
The Flutterwave CEO emphasised that the expansion is not limited to payments alone but will extend to credit access, business support, and entrepreneurial development programmes targeted at small and medium-sized enterprises.
He said the company is preparing a large-scale impact initiative in Anambra aimed at supporting entrepreneurs, expanding financial access, and enabling more businesses to scale through digital tools and fintech infrastructure.
Agboola described the South East as a key growth frontier, stating that improved access to payment systems, lending platforms, and financial services could help unlock new waves of entrepreneurship and innovation in the region.
Building on a decade of fintech operations
Reflecting on Flutterwave’s growth trajectory, Agboola said the company has spent the past decade building payment infrastructure that now powers transactions for businesses across Africa and beyond.
He added that the newly acquired banking licence will further strengthen Flutterwave’s capacity to support faster business growth, particularly for startups and small enterprises leveraging digital platforms.
Planned impact programme ahead
The company disclosed that a major regional impact programme is in development and expected to launch soon in Anambra State. The initiative is designed to combine technology deployment, financial services, and capacity-building support for local entrepreneurs.
Agboola expressed confidence that the initiative could significantly expand economic opportunities in the region, stating that the long-term goal is to create more wealth creators by enabling better access to digital finance tools and business infrastructure.
With the planned expansion, Flutterwave is positioning Anambra as a strategic base for its South East operations, signalling a deeper push into regional fintech development and grassroots financial inclusion in Nigeria.