Flutterwave Founder Olugbenga Agboola Buys Luxurious Miami Beach Home For $7.1 Million

Olugbenga Agboola, CEO of Flutterwave, bought the $7.1million house from Boschetti Group.

Developer Boschetti Group bought the property for $1.2M in 2021 and sold the house for $7.1M after building a six-bedroom, seven-bathroom house on the 0.2-acre plot.
Olugbenga Agboola, the co-founder and CEO of fintech startup Flutterwave, has made a significant purchase in the luxury real estate market.

According to records, Agboola recently bought a six-bedroom, seven-bathroom house in Miami Beach for $7.1 million. The property was previously owned by the Boschetti Group, a real estate development firm that purchased the plot for $1.2 million in 2021 and built the home last year.

Despite being a non-waterfront property, the house commanded a premium price, reflecting the recent trend of skyrocketing demand and prices for South Florida real estate.

The COVID-19 pandemic has spurred a migration of affluent individuals and families to the area, driving up demand for historically less expensive non-waterfront properties.

Agboola, a Nigerian-born entrepreneur, founded Flutterwave in 2016 with the goal of improving the payments infrastructure for banks and global businesses. The fintech startup has since raised $474.5 million in funding and achieved a valuation of $3 billion last year.

Agboola’s contributions to technological advancement were recognised when he received the Nigerian National Honour Medal of the Officer of the Order of Niger in October 2022.

Source: Businessinsider

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