By Abubakar Yunusa
Flutterwave, Africa’s leading payments technology company, has promoted 25 per cent of its global workforce as part of a broad employee recognition and support package aimed at cushioning the impact of rising living costs and strengthening staff welfare.
The company also announced cost-of-living adjustments, tax support for employees in Nigeria and a one-off economic relief payment for all workers across its global operations.
The initiative comes amid growing economic pressures in several markets and forms part of Flutterwave’s efforts to enhance employee well-being, career development and long-term talent retention.
In a statement released on the company’s website, Founder and Chief Executive Officer of Flutterwave, Olugbenga Agboola, said the company’s achievements were driven by the commitment and dedication of its workforce.
“I often say our people are our secret sauce,” Agboola 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 fintech firm said all employees worldwide would receive a one-time economic relief payment in response to current global economic realities.
For its Nigerian workforce, the company introduced additional tax adjustment support and cost-of-living reviews to address recent regulatory changes affecting workers’ disposable income.
The Head of People and Culture at Flutterwave, Annette Akpolo, said the company remained committed to creating a workplace where employees could thrive without being burdened by economic uncertainties.
“Our goal has always been to build an environment where our people can focus on doing their best work, rather than being weighed down by economic anxiety,” she said.
“Pairing merit-based individual growth with supporting the collective needs of the whole team are both essential parts of how we build a company culture where people genuinely want to stay and grow over the long term.”
The company said the latest measures align with its broader strategy of building a resilient workforce while sustaining business growth.
Flutterwave, which will mark its tenth anniversary in 2026, disclosed that it has processed more than one billion transactions and facilitated over $40bn in total payment value since its inception.
The company also recorded significant growth across major payment channels in the past year, including a 289 per cent increase in wallet-based collections by transaction count and a 184 per cent rise in bank transfer value.
