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Business

Flutterwave denies reports of $75m FG investment

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 […]

Finance

Tinubu approves $75m investment in Flutterwave

President Bola Tinubu has approved a $75 million investment in Flutterwave as the fintech company advances plans for its Initial Public Offering. The development was disclosed on Monday by the President’s Special Assistant, Dada Olusegun, via a social media post. The move comes shortly after Flutterwave secured approval to operate banking services in Nigeria, marking […]

Banking featured

Flutterwave secures Nigerian banking license in bold expansion move

Flutterwave, Africa’s leading payments technology company, has secured a Nigerian banking license, enabling it to hold funds and deposits directly and strengthening its financial infrastructure in its largest market. The landmark announcement comes after the company processed over $40 billion in payments and enabled more than one billion unique transactions, making financial services and settlement […]

Banking featured

Flutterwave secures banking licence, set to rival traditional lenders

Nigerian fintech giant Flutterwave has secured a microfinance bank licence from the Central Bank of Nigeria, a move that authorises it to function as a fully-fledged financial institution and places it in direct competition with conventional banks. The development was announced on Thursday by the company’s Chief Executive Officer and Co-Founder, Olugbenga Agboola, who described […]

Business

Mono deal strengthens Flutterwave’s growth strategy – CEO

Flutterwave Inc. has stated that its acquisition of open-banking startup Mono Technologies Nigeria Ltd. will enhance its profitability strategy and reinforce its readiness for a potential initial public offering. Flutterwave’s CEO, Olugbenga Agboola, made the remarks following the company’s purchase of Mono, a fintech partner since 2021. The deal reflects a renewed strategic effort by […]

Business

Flutterwave acquires Mono in $25m–$40m all-stock deal

Flutterwave, Africa’s largest fintech firm, has acquired Nigerian open-banking startup Mono in an all-stock deal valued at between $25 million and $40 million. The acquisition unites two key fintech infrastructure players as Flutterwave moves to bolster its payments ecosystem with open-banking, data and identity capabilities. Mono will continue operating as an independent product, with its […]

Tech

Flutterwave nears $1bn transactions in Africa, Asia

Flutterwave, Africa’s largest payments technology firm, processed nearly $1 billion in transactions between Africa and Asia in the first half of 2025. The Lagos-based fintech revealed the figure in its H1 2025 financial highlights released on Tuesday, attributing the surge to strategic partnerships with leading East Asian payment firms, including Norafirst and Skyee, as part […]

Flutterwave, has laid off half of its workforce in Kenya and South Africa as part of a broader cost-cutting strategy
News

Flutterwave slashes workforce by 50% in Kenya, South Africa

Africa’s leading fintech company, Flutterwave, has laid off half of its workforce in Kenya and South Africa as part of a broader cost-cutting strategy aimed at streamlining operations and boosting profitability ahead of a potential stock market listing. The layoffs, which began in March, affected multiple departments, with the most significant cuts in compliance, legal, […]

Kenyan startup Chpter expands across Africa with Flutterwave deal
News

Kenyan startup Chpter expands across Africa with Flutterwave deal

Kenyan startup Chpter, which enables businesses to sell via chat platforms like WhatsApp and Instagram, has announced a major expansion into 11 new African markets. The move comes through a strategic partnership with fintech giant Flutterwave and builds on Chpter’s current operations in Kenya, Nigeria, and South Africa. The expansion brings Chpter’s footprint to 14 […]

Flutterwave, has laid off half of its workforce in Kenya and South Africa as part of a broader cost-cutting strategy
News

Uganda grants Flutterwave payment systems operator license

Nigerian payments technology company, Flutterwave has been granted a Payment Systems Operator license by the Bank of Uganda. This milestone marks a significant step in Flutterwave’s ongoing expansion across Africa, adding Uganda to the list of countries where it operates. Uganda’s digital payment landscape is evolving rapidly, fueled by a youthful and dynamic population—over 78% […]

News

Flutterwave, Dangote Group joins Africa Leaders Business Council  

Fintech powerhouse, Flutterwave and Dangote Group have been chosen as members of the Milken Institute’s Africa Leaders Business Council. The newly formed council includes renowned thought leaders, entrepreneurs, investors, and professionals from a variety of fields, including business, technology, finance, sustainability, and innovation, according to Nairametric. According to the institute release, the council’s goal is […]

News

Flutterwave lays off workforce amid strategic shift

Alex omenye African payments giant Flutterwave has laid off about 30 employees, approximately 3% of its workforce, as part of a strategic realignment towards its core revenue drivers: remittance and enterprise services. This shift, which began three months ago, also led to the shutdown of Barter in March. Flutterwave confirmed the layoffs to TechCabal but […]

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