flutterwave

Last year presented a tough period for African tech startups. Venture capital was hard to bag (as predicted earlier), bridge and down rounds became the norm, and news of fire sales, layoffs and startu

African fintech Flutterwave is off the hook in Kenya after the high court allowed the country’s Asset Recovery Agency (ARA), an agency that investigates and recovers proceeds of crime, to withdraw t

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 Augus

Africa’s most valuable unicorn Flutterwave is still not off the hook in Kenya. About $3 million of its money that was confiscated in the second government seizure over money laundering and fraud cla

Last month, Flutterwave, Africa’s largest startup by private valuation, was involved in a hack that resulted in more than ₦2.9 billion (~$4.2 million) missing from its accounts, according to local

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A day after Central Bank of Kenya (CBK), Kenya’s monetary authority, said that Chipper Cash and Flutterwave were not licensed to operate in the East African country, the regulator has directed all f

SendSprint, a money transfer startup based in the U.K. but with operations in the U.S. and Nigeria, has been launched today with the unique selling point of a $5 flat fee for all transfers. The fintec

Flutterwave has come out to deny the fraud and money laundering claims leveled against it by Kenya’s Asset Recovery Agency, which investigates and recovers proceeds of crime. This is after a total o

Thepeer, an African tech infrastructure startup connecting businesses’ wallets, has raised a $2.1 million seed round led by the Raba Partnership. The news comes a year after the startup raised $220,

CarePoint, a technology-driven healthcare startup, has raised a $10 million bridge round to accelerate its growth across Africa as it seeks to make healthcare accessible to the masses. The startup rec

Tofino Capital, a venture capital firm targeting early-stage startups in emerging markets, has launched its $10 million fund. It is announcing the first close of this fund at $5 million and hopes to a

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Flutterwave CEO Olugbenga Agboola has, for the first time, addressed financial and personal misconduct claims leveled against him and the company this month, according to an email to employees obtaine

African startups had a solid Q1 2022 in terms of VC investment, both in dollars and deal volume. This is news in itself, but even more so amid declines in venture funding to the U.S., Asia, and LatAm.

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On Monday, Clara Wanjiku Odero, a former employee of African payments giant and unicorn Flutterwave, accused the company’s chief executive officer Olugbenga ‘GB’ Agboola of bullying and harassin

Dapio, the U.K.-based cashless payment solutions provider for businesses, today announced that it has raised $3.4 million to fuel the launch of its ‘Tap to Pay’ solution for Android users in the U

You can count on one hand the number of funds bigger than Tiger Global. But in terms of influence, speed and number of investments made since 2021, Tiger has led the pack alongside Sequoia. Last year,

Informal retail is king in Africa, with hundreds of billions of dollars of consumer goods sold through its channels yearly. Yet its industry remains highly fragmented as shop owners and kiosks still h