Flutterwave records key win in Kenya, to forge ahead with IPO

Flutterwave, Africa’s largest startup, has completed the first step of obtaining an operational license in Kenya.

This development was disclosed by the company’s founder, Olugbenga Agboola, in an interview with Bloomberg on Monday.

“The company has won approval for the first step in securing the right to operate in Kenya, a key African market,” he stated.

Last year, there were reports that Flutterwave was planning on listing on Nasdaq— A U.S. stock market that handles global electronic securities.

Speaking for the first time on the report, Agboola confirmed that Flutterwave would be going public as soon as the market stabilises in order to attract bigger global clients and market the potential of the African economy.

“There’s some kind of customers we’ll attract when we are public, the large global clients who need you to have the same level of compliance and level of global view that they have”.

 

All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.

Contact: [email protected]