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Iyinoluwa Aboyeji

Founding Partner at Future Africa

Iyinoluwa Aboyeji is a prominent Nigerian entrepreneur, recognized for his significant contributions to Africa's tech ecosystem. He is the co-founder and General Partner of Future Africa, a venture capital fund that invests in early-stage startups across the continent, providing them with capital, coaching, and community support. Future Africa has invested in over 100 companies, collectively valued at over $6 billion, focusing on sectors such as fintech, edtech, healthtech, and agritech.135

Born on March 28, 1991, in Lagos, Nigeria, Aboyeji completed his secondary education at Loyola Jesuit College before earning a Bachelor’s Degree in Legal Studies from the University of Waterloo in Canada.25 He co-founded Andela in 2014, which trains software engineers and has significantly impacted the tech talent landscape in Africa. In 2016, he co-founded Flutterwave, a leading payments technology company that has processed over $2 billion in transactions and achieved unicorn status.245

Aboyeji has also been recognized as a World Economic Forum Young Global Leader and was included in Forbes' 30 Under 30 list for his contributions to innovation and investment in Africa. Additionally, he served as the Deputy Director-General for Oby Ezekwesili's presidential campaign in 2019 and is involved with various boards and advisory councils aimed at fostering innovation and economic growth in Nigeria and beyond.1346

Highlights

Aug 30 · linkedin

I don’t know what other Accelerators promise but one thing I know Accelerate Africa has determined to distinguish itself on is speed to $1m dollars in real profitable revenue growth.

If you are thinking about applying to www.acceler8.africa sign up for our Q&A at https://lu.ma/rbvbnhnm

You don’t want to miss it.

Apologies for the error in the poster. It’s happening Sept 4th not August 4th

Aug 27 · linkedin

If you are African or a black person from anywhere in the world and you want to build something venture scale I think you need to move to Lagos. Lagos is the largest city in Africa and a 150 billion dollar economy with over 20 million people in a space that’s smaller than New York City. It’s basically New York for black people. From a density perspective you can’t find a better market. It is fully run by very proud black people and a largely responsive government.

Most importantly unlike Nairobi or Capetown it has mostly local capital that means you can build a global business and find funding without a lot of the typical biases you will face elsewhere around the world as a black person.

Now it’s a tough tough place to do business. You need a strong stomach to make it here but as a black person I can assure you that once you can make it here, you can make it anywhere in the world. There is a reason Andela, Flutterwave and Moove which grew to become unicorns or soonicorns were founded and largely built in Lagos.

If you are a talented black person who is building an incredible potentially global business and you want to move to Lagos or explore moving to Lagos I would recommend checking out Itana and joining as a digital resident on www.itana.africa. They’ve got some incredible resources for entrepreneurs on moving to Lagos and Nigeria in general.

If you want to build a venture scale business I would also definitely recommend applying to our accelerator which is headquartered in Yaba, Lagos : www.acceler8.africa.

Related Questions

What are some of the most successful startups that Future Africa has invested in?
How did Iyinoluwa Aboyeji's experience at Andela and Flutterwave shape his approach at Future Africa?
What are the main sectors that Future Africa focuses on for investments?
How has Future Africa impacted the African tech ecosystem?
What are Iyinoluwa Aboyeji's future plans for Future Africa?
Iyinoluwa Aboyeji
Iyinoluwa Aboyeji, photo 1
Iyinoluwa Aboyeji, photo 2
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Experience

CEO and General Partner at Future Africa since January 2020
Co-founder & Managing Director at Flutterwave (May 2016 - October 2018), Cofounder & Director at Andela (2014 - 2016)

Education

B.A in Legal Studies with a concentration in International Studies from University of Waterloo - St. Jerome's University (2008 - 2012)

Location

Nigeria