In September 2022, African tech startups announced raises totalling $383,465,000, the highest since June 2022. The funding was led by Bboxx’s $200 million acquisition of PEG Africa.
Over 2,000 Nigerian investors have petitioned Kenyan courts to release Ksh 1.44 billion which was earlier frozen by the Asset Recovery Agency (ARA) in a fraud investigation against fintech unicorn Flutterwave.
A Kenya court has reportedly frozen an additional US$3.3 million in accounts belonging to Africa’s biggest Fintech firm, Flutterwave, over allegations of money laundering and card fraud, which the company has flatly denied. The court granted the Asset Recovery Agency’s (ARA) application on August 25 to prevent Flutterwave from transferring…
A Kenyan court has frozen KES400.6 million ($3.3 million) in accounts belonging to Nigerian payment company, Flutterwave, over fresh allegations of money laundering and card fraud. More in #TCDaily.