Flutterwave bets on Kenya with Sh7b war chest as it awaits CBK license

Flutterwave Chief Executive Olugbenga Agboola. [Frankline Sunday, Standard]

Payments service provider Flutterwave is set to officially launch operations in Kenya in the next few months, pending approval by the Central Bank of Kenya (CBK).

Flutterwave Chief Executive Olugbenga Agboola told Enterprise the firm is waiting on a decision from the CBK on its license application.

"We have received first name approval by the Central Bank of Kenya, which is the initial step towards getting a license and we expect this to come through soon," Agboola told the Standard.