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Flutterwave, an integrated payments platform, has announced that its Chief Executive Officer, Iyinoluwa Aboyeji, has stepped down to pursue family goals. Olugbenga Agboola, the company's Chief Technology Officer, has replaced Aboyeji as the new CEO.

“It’s been amazing working with Flutterwave team to build another great African company and I’m excited for the future under its new leadership,” Aboyeji stated on his Twitter account. “Over the next few months as I figure out what is next, I will be catching up to sleep, spending time with my family and supporting and advising startups in our (tech) community.”

According to a statement released by Flutterwave on Sunday, Agboola, who is also a Co-founder of the company, is a financial technology engineer with core financial technology experiences, having worked with Paypal, Google, GTBank, Access bank and StanbicIBTC Bank.

“On behalf of the entire Flutterwave team, we wish E (Iyinoluwa) luck in his future endeavours,” said Agboola. “Moving forward; the entire Flutterwave team and I are excited for Flutterwave’s future and look forward to growing the company.”

Recently, the company announced the completion of its Series A Extension round of financing. The latest round of financing includes investments from Mastercard, CRE Ventures, Fintech Collective, 4DX Ventures and Raba Capital. With this round, Flutterwave has raised over $20 million in funding.

Founded in 2016 and headquartered in San Francisco, Flutterwave is building modern payment technology and infrastructure for Africa to enable people and businesses connect with the global economy. The company currently operates in Ghana, Kenya, Nigeria, South Africa and Uganda. It has processed over N700 billion across 50 million transactions.

Two years ago, Aboyeji left Andela, a talent accelerator he co-founded in 2014, to head Flutterwave.