Flutterwave Inc News Today

(Bloomberg) -- MTN Group Ltd. is seeking as many as three more strategic investors in addition to Mastercard Inc. for its fintech unit, which the African telecom company values at $5.2 billion. Most Read from BloombergRussia Calls Emergency Key Rate Meeting as Ruble PlungesHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeTrump Indictment Lays Out Sweeping Georgia Election PlotRussia’s Emergency Rate Hike Fails to Lift Ruble After CrashChina Cuts Rate by...

Mastercard Inc. is set to acquire a minority stake in MTN Group Ltd.'s fintech division. The undisclosed stake is estimated at $5.2 billion.

(Bloomberg) -- MTN Group Ltd., Africa’s biggest wireless carrier, said Mastercard Inc. agreed to take a minority stake in its financial-technology business, which the company values at $5.2 billion. Shares rose as much as 10%. Most Read from BloombergOutsider Milei Upends Argentina’s Election With Primary WinAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaZuckerberg Says ‘Time to Move On’ From Musk Cage FightGoldman Pencils In First...

“Signing of the definitive investment agreements is expected to occur in the very near term,” MTN Chief Executive Officer Ralph Mupita said in a statement on Monday.

Mastercard has agreed to take a minority stake in the financial-technology business of MTN Group, the largest wireless carrier in Africa, which the latter values at $5.2bn. Shares in MTN rose as much as 10%, following the announcement. The deal will be structured in two parts: a commercial agreement to use Mastercards technology infrastructure to develop MTNs offerings and the investment into a minority stake.

A Court in Nairobi, Kenya has frozen 45 bank accounts and 10 mobile money wallets belonging to a Nigerian-owned financial technology firm battling multiple money laundering allegations,

A Nairobi court in Kenya has frozen 45 bank accounts and 10 mobile money wallets belonging to a Nigerian-owned financial technology firm battling multiple money laundering allegations, as scorned individuals and companies begin to queue up for billions the firm has stashed away in local banks. High Court judge Alfred Mabeya last week issued orders freezing the accounts of Flutterwave Payments Technology after a group of 2,468 Nigerian nationals claimed the firm was used to defraud them of $12.04...

Sustainability and financial priorities are inherently linked, Debbie Clifford says.

RiceBran Technologies Names William J. Keneally as Interim Chief Financial ...

Railsbank Technology may be sold of as it faces mounting financial and regulatory problems.