‎Flutterwave has received a banking licence from the Central Bank of Nigeria (CBN),
‎This permits the fintech giant move beyond payments and offer broader financial services to businesses across Africa.
‎Founder and Chief Executive Officer of Flutterwave, Olugbenga Agboola, made the announcement in a statement
‎According to him, the development represented a major milestone in the company’s growth and ambition to build a more integrated financial system.
‎This comes after the company revealed a processing of over $40 billion in transactions in the past decade.
‎The approval allows businesses to access banking tools, manage funds and scale operations on a single platform.
‎Flutterwave, founded in 2016, began as a payment infrastructure provider focused on simplifying cross-border transactions and has since expanded across multiple African markets.
Edited by Favour Owonibi.