Flutterwave Secures Electronic Money Issuer & Remittance licenses
March 15, 20236 min
Flutterwave's new Electronic Money Issuer license allows the company to acquire all types of payment instruments in Rwanda.
Flutterwave appoints Marshall Lux as Senior Advisor
October 19, 20226 min
Marshall brings 30 years of experience from BCG, JP Morgan Chase and Mckinsey. Marshall’s expertise will be instrumental in helping Flutterwave continue to meet global risk management and compliance standards for merchants and partners as the business scales. Following its Series D funding in February 2022, which valued the company at over $3 billion, Flutterwave continues to expand globally as Africa shifts to digital solutions for cross-border payments. Marshall’s appointment as Senior Advisor follows other significant additions as the company continues...
Flutterwave Secures Switching and Processing License
September 1, 20224 min
Flutterwave, Africa’s leading payments technology company has been granted a Switching and Processing License by the Central Bank of Nigeria (CBN)—widely regarded as CBN’s most valuable payments processing license. This license allows Flutterwave to offer transaction switching and card processing services to customers. Others include non-bank acquiring, agency banking and payment gateway services. The Switching and Processing license allows Flutterwave to enable transactions between banks, fintechs and other financial institutions. The Company is also able to process card transactions,...
Flutterwave Appoints Oneal Bhambani as Chief Financial Officer
June 15, 20227 min
Oneal joins from American Express, where he was Vice President, Chief Financial Officer and Head of Capital Markets of Kabbage, one of the world’s largest fintech platforms offering credit, banking and payments solutions. Previously, as CFO of late-stage, pre-IPO Kabbage, Oneal helped lead its acquisition and integration within American Express. Oneal’s experience managing large-scale operations and capital markets will help continue Flutterwave’s growth, accelerate the company’s expansion, further develop credit products and prepare for a...