Flutterwave eyes Sh7.3 billion new investment in Kenya

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Olugbenga Agboola, co-founder and CEO of Flutterwave. FILE PHOTO | POOL

Nigerian fintech company Flutterwave plans a $50 million (Sh7.3 billion) investment in Kenya as it pushes for a payments and remittances licence in the country.

Flutterwave chief executive and co-founder Olugbenga Agboola said in an interview in Nairobi that the firm has received first-name approval from the Central Bank of Kenya (CBK) and stands ready for phased investments once it receives a license.

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