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Nigeria loses ₦428bn annually to illicit spirits, wines

  • 23rd April 2026

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Nigeria loses ₦428bn annually to illicit spirits, wines trade

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Flutterwave secures payment aggregator license in Mozambique

Alex Omenye Flutterwave, Africa’s leading payment technology company, announced today that it has received an approval-in-principle for its payment aggregator license from the Central Bank of Mozambique. This license will enable Flutterwave to offer its comprehensive payment services within Mozambique, thereby strengthening its operations in southern African markets. Mozambique’s e-payment ecosystem is rapidly growing, with […]

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

Flutterwave loses N11bn to security breach

Financial technology company, Flutterwave, has reported a significant security breach resulting in the unauthorized transfer of ₦11 billion ($7 million) to multiple bank accounts. This incident follows closely on the heels of the company’s efforts to recover $24 million lost to unauthorized point-of-sale (POS) transactions, for which it secured a court order just a month […]

Flutterwave emerges CNBC’s 14th disruptor
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Flutterwave emerges CNBC’s 14th disruptor

Flutterwave has ranked the 14th in the CNBC’s Disruptor’s list, joining the ranks of OpenAI, Stripe, and Monzo. CEO Olugbenga “GB” Agboola established Flutterwave in 2016, with its headquarters situated in Lagos, Nigeria. The company has amassed $475 million in funding from notable entities like Tiger Global Management and Salesforce Ventures, boasting a current valuation […]

Bode Abifarin steps down as Flutterwave’s COO
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Bode Abifarin steps down as Flutterwave’s COO

Bode Abifarin has stepped down from her role as the chief operating officer at Flutterwave. Olugbenga Agboola, the founder and CEO of Flutterwave, expresses his appreciation, stating, “With a sense of joy, pride, and a touch of wistfulness—we say farewell to an incredible force.” Having served over 15 years at KPMG Nigeria, Abifarin joined the […]

Flutterwave appoints Olajumoke Adenowo as board member
Tech

Flutterwave appoints Olajumoke Adenowo as board member

African payments technology company, Flutterwave has appointed Olajumoke Adenowo to its global Board of Directors. Recognized as a global transformational leader and business builder across Africa, Olajumoke will play a vital role in Flutterwave’s efforts to solidify its pan-African and global presence. Referred to as Africa’s Starchitect by CNN, Olajumoke Adenowo boasts over 35 years […]

Flutterwave’s non-code platform Disha temporarily shuts down
Business

Flutterwave’s non-code platform Disha temporarily shuts down

Alex Omenye No-code platform for creatives, acquired by Flutterwave in 2021, Disha is set to undergo a temporary shutdown effective March 31, 2024. The decision to pause operations stems from the company’s desire to “reassess its goals and realign its mission to better serve the creative community.” Despite underlining the temporary nature of the closure, […]

Ex-Flutterwave VP Ted Oladele launches fintech startup
Tech

Ex-Flutterwave VP Ted Oladele launches fintech startup

Flutterwave’s former VP of design and innovation Ted Oladele has launched Mira which seeks to reduce the long wait faced by food buyers by utilizing scan codes for payment. Mira has introduced a QR code payment system designed to revolutionize the dining experience by allowing customers to instantly pay for their meals. This innovative solution […]

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

Flutterwave to recover $24m lost to illegal POS transactions

Nigerian fintech, Flutterwave has moved to reach over 6,000 account holders across 35 banks and financial institutions in an attempt to retrieve ₦19 billion (*$24 million) that POS merchants fraudulently moved following a High Court decision on February 1. This is coming less than a year after reports suggested that the company was hacked through […]

Flutterwave hires six new execs from Cash App, Paypal, others
News Tech

Flutterwave hires six new execs from Cash App, Paypal, others

African payments unicorn, Flutterwave has hired six new executives from prestigious financial firms like Cash App, Paypal, and Western Union. The employment comes after the exit of three finance executives from the company in November. The CEO of the company, Gbenga Agboola, stated that the six executives’ vast expertise will support the company’s ability to […]

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

Flutterwave secures money transfer license in US

African payments company, Flutterwave, has announced that it has acquired money transfer licenses for 13 US states. This latest acquisition makes it possible for money to be transferred between the US and Africa more quickly, affordably, and securely. Arizona, Arkansas, Maryland, Michigan, Delaware, Georgia, Maine, Mississippi, Missouri, New Hampshire, Iowa, North Dakota, and South Dakota […]

Flutterwave CFO Bhambani resigns after 18 months
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Flutterwave CFO Bhambani resigns after 18 months

The Chief Financial Officer of Flutterwave, Oneal Bhambani has resigned 18 months after joining the fintech startup. “Last week, I made the difficult decision to end my tenure at the company,” Oneal Bhambani shared in a LinkedIn post on Tuesday. “Thank you to Flutterwave for a seat on its journey to scale payments across Africa… […]

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