Nigerian Fintech Flutterwave Obtains Two Licenses From Rwandan Central Bank

March 19, 2023 Bitcoin.com

bitcoin.com

Flutterwave, the Nigerian fintech giant, recently said it had obtained two licenses from the National Bank of Rwanda, which allow it to offer its services to more than 13 million people living and working in Rwanda. According to Flutterwave’s representative in the country, the two licenses make it possible for her company “to provide safe, […]

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Nigeria Fintech Flutterwave Denies Client Account Hacking Reports

March 6, 2023 Bitcoin.com

Account freeze

The Nigerian fintech Flutterwave has rejected reports suggesting that hackers have stolen as much as $6.3 million from user accounts. The fintech firm said a routine check of its transaction monitoring system helped to uncover “an unusual trend of transactions on some users’ profiles.” Motion to Freeze The Nigerian fintech unicorn, Flutterwave, has said reports […]

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Report: Flutterwave CEO in Bid to Recover Millions Stuck in Kenya

February 14, 2023 Bitcoin.com

Africa

According to reports, the CEO and co-founder of the Nigerian fintech Flutterwave, Olugbenga Agboola, recently visited Kenya where he sought to convince the country’s monetary authorities to grant the firm access to funds that have been blocked since July 2022. Agboola claimed that his firm had “instituted a number of changes over the past year […]

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Nigerian CBDC Still Not Widely Used a Year After Launch

October 27, 2022 Bitcoin.com

Adesoji Solanke

On October 25, Nigeria commemorated the first anniversary of the Central Bank of Nigeria’s e-naira, even as more residents continue to snub the digital currency. In a move aimed at boosting the use of the CBDC, the central bank is offering a 5% discount to motorized rickshaw drivers and passengers that use the e-naira. Kingsley […]

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Nigerian Presidential Candidate Says Fixed Exchange Rate Regime ‘Has to End’ — Touts Success of Fintech Unicorn Flutterwave

September 6, 2022 Bitcoin.com

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A Nigerian presidential election candidate, Peter Obi, has said the local currency’s exchange rate against the dollar must not be fixed but must be determined “by the forces of demand and supply.” Pointing to the success of the Nigerian fintech Flutterwave, the candidate said if elected, his government will create an enabling environment for other […]

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Fintech Unicorn Flutterwave Granted ‘Game Changing’ License by Nigerian Central Bank

September 3, 2022 Bitcoin.com

bitcoin.com

The Nigerian fintech Flutterwave has said the switching and processing license it recently received from the Central Bank of Nigeria allows it to “deliver an improved experience to our customers.” The new license is said to allow Flutterwave to “connect every single store of value in Nigeria to global commerce.” New License Said to Be […]

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Flutterwave Kenya License Controversy: Fintech Giant Reportedly Applied in 2019

August 11, 2022 Bitcoin.com

Asset Recovery Agency

The Nigerian fintech unicorn, Flutterwave, reportedly said it submitted an application for a payment service provider license to the Central Bank of Kenya back in 2019. The fintech also said it has remained in constant contact with the central bank and is hopeful it will get the license. CBK Allegations The Nigerian fintech giant Flutterwave […]

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Speculators and Crypto Traders Blamed for Naira’s Plunge, Kenyan Institutions Told to End Dealings With Nigerian Fintechs, CAR Token Sale off to Slow Start

August 4, 2022 Bitcoin.com

Africa

In this week’s Africa news highlights, the Nigerian central bank blames speculators for causing the local currency’s plunge to a new all-time low on the parallel market. In Kenya, the central bank has told financial institutions to cease having dealings with two Nigerian fintechs, Flutterwave and Chipper Cash. The Central African Republic’s token sale is […]

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Kenyan Central Bank Orders Financial Institutions to Stop Dealing With Two Nigerian Fintechs

August 1, 2022 Bitcoin.com

Asset Recovery Agency

In a letter addressed to the CEOs of financial institutions, the Central Bank of Kenya (CBK) has said financial institutions operating in the country must cease and desist from dealing with two Nigerian fintechs, Flutterwave and Chipper Cash. The letter reiterates the CBK governor Patrick Njoroge and the Asset Recovery Agency (ARA)’s assertions that the […]

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Report: Nigerian Fintech Giant Flutterwave Accused of Laundering Money, More Than 50 Bank Accounts Frozen

July 8, 2022 Bitcoin.com

Account freeze

A Kenyan agency charged with tracing and freezing proceeds of crime said it recently obtained an order giving it the authority to freeze bank accounts belonging to Nigerian fintech Flutterwave. The agency alleges that Flutterwave is not providing merchant services as per claims, but is instead involved in money laundering activities. Deliberate Attempt to Obscure […]

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