Flutterwave Loses More Money As Kenya Court Freezes Another $3.3 Million

Sep 2, 2022 · 2m 31s
Flutterwave Loses More Money As Kenya Court Freezes Another $3.3 Million
Description

A Kenyan court has ordered that another Ksh 400.6 million belonging to the startup be seized. A Kenyan High Court has frozen more accounts of Africa's biggest fintech startup, Flutterwave,...

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A Kenyan court has ordered that another Ksh 400.6 million belonging to the startup be seized.
A Kenyan High Court has frozen more accounts of Africa's biggest fintech startup, Flutterwave, over allegations of money laundering.
Kenya's authorities say the Nigerian firm had no approval to conduct cross-border payments in the country and accused it of fraud.
The court earlier ordered that its 29 bank accounts with Guaranty Trust Bank, 17 with Equity Bank and six with Ecobank be frozen.
The startup at the time dismissed the claim of financial impropriety against it as entirely false saying it had records to verify this.
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Author Africa Business Radio
Organization Africa Business Radio
Website -
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