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Kenya's Central Bank says Flutterwave and Chipper Cash are unlicensed

In a statement shared with TechCabal, as its operations grew, in 2019 the company submitted applications for a Payment Service Provider license.

Two other Nigerian tech firms accused of FRAUD in Kenya

Last week, Flutterwave was accused of money laundering in Kenya. Barely a week later, Nigerian-owned fintech Korapay and liquidity management provider Kandon Technologies Limited also received lawsuits for the same accusations and it appears the three cases are connected. Kenya’s Asset Recovery Agency (ARA) filed two suits against the businesses…

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