• Friday, April 19, 2024
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Patricia CEO says firm’s goal is to reach $1trn valuation

Patricia CEO says firm’s goal is to reach a $1trn valuation

With cryptocurrencies and Bitcoin gaining increasing traction globally, the chief executive officer of fintech company Patricia said on Thursday that the goal of the firm is to reach a $1 trillion valuation.

Hanu Agbodje, who alongside other young Nigerian CEOs shared success stories of their firms at the ongoing BusinessDay CEO Forum themed ‘A Breakthrough Approach to Leadership and Innovation in the Age of Disruption’, said the fintech company has recorded exponential growth owing to the growing adoption of cryptocurrencies and Bitcoin.

According to him, there are no plans underway to raise funding from investors, as the company has enough buffers to fund its operations.

“We have not raised any funds since our three years in business, and we are not looking to raise capital for now,” Agbodje said, noting that the firm has and is making enough money to fund its operations.

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Speaking on the tremendous growth since inception, Agbodje noted that the firm now has over 205 staff from just two staff when it started in 2017.

Also, the firm now has 500,000 active users and has a presence in three continents and five countries.

“Patricia is now in a five-storey building, a huge success when you compare with the boys’ quarters where we started from,” he said.

Agbodje noted that cryptocurrencies and Bitcoin is the future of money, and will do to fiat money what email did to letters.