Nigerian Fintech Flutterwave Secures Money Transfer Licenses in 13 US States

The Nigerian fintech unicorn revealed connected Dec.7 that it has obtained wealth transportation licenses successful 13 U.S. states. Flutterwave’s concern with a licensed fiscal instauration besides means that it tin present service customers successful 29 states successful the U.S. Flutterwave CEO suggested that the fintech hopes to grow its footprint successful the state by securing much specified licenses.

Flutterwave Serves Clients successful 29 States

The Nigerian fintech unicorn, Flutterwave, precocious announced that it has secured wealth transportation licenses successful 13 U.S. states. The licenses alteration Flutterwave users to bask faster, cheaper, and much unafraid transportation of wealth from the United States to Africa and back. Flutterwave’s concern with a licensed fiscal instauration besides means that it tin present service customers successful 29 states successful the U.S.

According to Flutterwave’s Dec. 7 statement, the licenses obtained by the fintech not lone alteration its sending exertion but besides enterprises that usage its level for last-mile payout globally.

Stephen Cheng, the enforcement VP for Global Expansion and Partnership, remarked connected the fintech’s latest milestone, saying, “Getting these licenses expands our regulatory footprint, demonstrates our quality to present services with information and soundness, and fosters spot of regulators, partners, and customers. We’re increasing and are committed to servicing lawsuit needs successful arsenic galore geographies arsenic imaginable with a important African diaspora.”

Olugbenga Agboola, the laminitis and CEO astatine Flutterwave, said that getting licensed by U.S. regulators moves the fintech person to its extremity of connecting Africa to the satellite and vice versa by simplifying payments. Agboola besides revealed that Flutterwave hopes to grow its footprint successful the state by securing much specified licenses.

In summation to receiving approvals from U.S. regulators, Flutterwave has been moving with African regulators. This has culminated successful the fintech getting approved by the Nigerian and Malawian cardinal banks.

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