Flutterwave has clarified reports claiming that the Federal Government of Nigeria invested $75 million in the fintech company.
The company said no such transaction has been officially announced, though it noted that discussions with relevant stakeholders are still ongoing.
Flutterwave made the clarification in a statement issued on Tuesday in response to the reports.
The company said some of the media reports may have arisen from ongoing discussions or differing interpretations of broader engagements, but stressed that they do not represent any completed or officially disclosed investment.
In its statement, Flutterwave did not directly deny the reports but maintained that no formal announcement has been made regarding such an investment.
“At this time, Flutterwave has not announced any investment of this nature. Some of the recent reports may reflect evolving discussions or interpretations of broader engagement, but they do not correspond to any formally executed or disclosed transaction by the company,” it stated.
The fintech firm also addressed speculation connecting the reported investment to a possible initial public offering, stating that earlier discussions had pointed instead to potential private capital participation rather than a public listing.
According to Flutterwave, the talks involve options such as a Series E funding round or similar pre-IPO positioning, which it described as standard pathways for growth-stage companies preparing to scale further.
It further stated that any potential IPO would depend on a range of factors, including market conditions, regulatory readiness, and the goal of delivering long-term value.
Flutterwave said it remains in active discussions with a wide range of institutional and sovereign stakeholders as part of its expansion strategy.
The company explained that such engagements may include exploratory talks on strategic participation aligned with long-term economic and ecosystem development goals, but do not automatically imply that any deal has been concluded.
Flutterwave also urged stakeholders to rely on official corporate disclosures, noting that ongoing market conversations are sometimes subject to varying interpretations before formal announcements are made.
