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Flutterwave now says it applied for CBK licence in 2019
The Nigerians said in a petition that they were swindled of billions of shillings through a sports betting platform that used Flutterwave to process the payments. PHOTO | POOL
Embattled Nigerian fintech Flutterwave shifted the spotlight back to the Central Bank of Kenya (CBK) after it revealed that it made a licence application to the banking sector regulator in 2019, three years before its current predicament.
The firm last week attracted the wrath of the CBK after it emerged that it had been operating in Kenya without a permit, reigniting the debate on the licensing nightmare for fintechs.
