Nigerian fintechs Korapay and Kandon have been cleared of all money laundering allegations in Kenya. In July, Kenya's Asset Recovery Agency (ARA) obtained a court order to freeze Ksh 44.5 million in the fintechs account. More in #TCDaily.
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…