Flutterwave Promotes 25% of Staff as It Rolls Out Global Relief, Pay Support Package

Flutterwave has announced a company-wide staff package that includes promotions for about 25% of its global workforce, a one-off relief payment, and updated support for employees in Nigeria.

More than 100 employees have been promoted across its global operations, with one-time economic relief payment also introduced for all staff worldwide. 

In Nigeria, employees will receive additional tax support and cost-of-living adjustments following recent regulatory changes affecting take-home pay.

The decision also results from high living costs across key markets, including Nigeria, where inflation stood at 15.69% in April 2026. 

Food inflation was recorded at 16.06% in the same period. Fuel prices have also surged, with petrol selling at about ₦1,532.93 per litre, adding pressure to transport and daily expenses.

“I often say our people are our secret sauce,” Olugbenga “GB” Agboola, Flutterwave founder and CEO 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 company said the latest support measures are part of its approach to staff welfare and retention. It added that it wants employees to focus on work without constant financial strain.

Annette Akpolo, head of People and Culture at Flutterwave, said the approach combines individual performance with better staff support.

“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,” Akpolo 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.”

Founded in 2016, Flutterwave marks its tenth year in 2026. The company said it has now processed over 1 billion transactions and moved more than $40 billion in total payment value globally.

Flutterwace also reported strong recent growth, including a 289% increase in wallet-based collections by transaction count and a 184% rise in bank transfer value over the past year. The company attributed this to wider use of local payment methods across its markets.

The announcement comes as Nigeria’s fintech sector competes for skilled talent. Firms such as Paystack and Interswitch are also expanding, while companies adjust pay and benefits to retain staff under rising cost pressures.

At Flutterwave, leadership said growth remains tied to performance and contribution.

“At Flutterwave, growth is earned through meaningful contributions to the business and to the mission we are building together,” Agboola said. “As we continue to grow, the people who will shape our future are those who consistently step up, solve hard problems, support others, and move the company forward.”

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