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Flutterwave mired in controversy following report of accounts freeze over money laundering in Kenya

A court in Kenya has frozen more than $40 million in accounts belonging to Africa-focused payments giant Flutterwave under the country’s anti-money laundering laws, court documents showed. Founded in 2016 in Nigeria, the San Francisco-headquartered firm, specialises in individual and consumer transfers, one of several fintech firms facilitating and capitalising on Africa’s booming payments market. Read More…

Business Technology

Flutterwave partners Amole to boost remittances into Ethiopia

Flutterwave, Africa’s leading payments technology company, has partnered Amole, Ethiopia’s largest mobile digital wallet platform, to boost remittances. Flutterwave’s Founder and Chief Executive Officer, Olugbenga Agboola, said this in a statement in Lagos on Friday. Agboola said the partnership would facilitate money transfer into Ethiopia through Amole, to Amole Wallet, bank accounts and cash pickup Read More…