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Plans by Kenya’s Assets Recovery Agency (ARA) to withdraw its second case against African fintech giant Flutterwave have been shot down by...

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…

Plans by Kenya’s Assets Recovery Agency to withdraw its second case against African fintech giant Flutterwave have been shot down by the High Court.

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.

Africa’s biggest Fintech unicorn Flutterwave has announced that it had signed a 5-year deal with Microsoft to build global payment platforms. The partnership will see the Flutterwave build a new generation of payment services on Microsoft Azure, powering payments infrastructure across the African continent and beyond. This partnership, according to…