Fintech

Flutterwave supports financial technology convergence

Nigerian fintech, Flutterwave, has been announced as the lead sponsor of the Africa Fintech Summit 2023 slated to hold in Washington D.C on April 12, 2023, and in one African city to be that would be disclosed later in the year. According to a statement by the company, the sponsorship comes in the wake of Flutterwave’s latest licences issued in Egypt, making it possible for the firm to be an…
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FintechPodcast

Flutterwave denies that N2.9B was stolen by hackers.

African fintech unicorn Flutterwave has denied losing the sum of  ₦2,949,557,867 to hackers. It was earlier reported on Sunday that hackers stole the sum of ₦2,949,557,867, from the accounts of the company and over 300 customers were affected by the fraudulent…
FintechTechnology

Kenyan court released Sh6.6 billion ($51.9 million) belonging to Nigerian fintech startup, Flutterwave

A Kenyan court on Monday, February 27, 2023, released Sh6.6 billion ($51.9 million) belonging to Nigerian fintech startup, Flutterwave. This came after the Asset Recovery Agency of Kenya withdrew its case against the startup. Last year, the Asset Recovery Agency filed charges against Flutterwave, demanding the court to freeze monies belonging to the startup. The ARA alleged that the funds were…
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FintechTechnology

Flutterwave described Laundering allegations as false and can prove this with records

A Kenyan High Court has issued a freeze order on 56 bank accounts belonging to Flutterwave, Nigeria’s payment gateway company, and six other companies. But Flutterwave has described the allegations as false and can prove this with records. “We are a financial technology company that maintains the highest regulatory standards in our operations. Our anti-money laundering (AML) practices and…
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