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Flutterwave to invest US$50 million in Kenya

Africa’s biggest fintech unicorn, Flutterwave says it is eyeing a $50 million (Ksh.7.3 billion) investment in Kenya once it gets local approval from the Central Bank of Kenya (CBK). The start-up facilitates cross-border payments in Africa and is one of the continent’s top-valued ventures but its bid to enter the…
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Kenyan court refuses to withdraw case against Flutterwave

Plans by Kenya’s Assets Recovery Agency (ARA) to withdraw its second case against African fintech giant Flutterwave have been shot down by the High Court, Kenya’s third highest court. In August last year, ARA had frozen $3 million belonging to Flutterwave, Hupesi Solutions, and Adguru Technology Limited on suspicion of…
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Blow for Flutterwave as Kenyan court declines request to withdraw case

Plans by Kenya’s Assets Recovery Agency (ARA) to withdraw its second case against African fintech giant Flutterwave have been shot down by the High Court, Kenya's third highest court. In August last year, the agency had frozen $3 million belonging to Flutterwave, Hupesi Solutions, and Adguru Technology Limited on suspicion of money laundering and fraud. The funds seizure happened two months after the ARA froze another $52.5 million belonging to Flutterwave and six other companies.
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Source: yahoo.com

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