This judgment concludes the examination of Flutterwave Payments Technology Limited Kenya’s bank accounts, granting the company unrestricted access to contribute to Kenya’s fintech sector without facing any lingering legal uncertainties.
In a Bloomberg report earlier this year, the ARA acknowledged its investigative error and filed a notice of withdrawal, retracting all charges against Flutterwave.
Responding to the court’s decision on Friday, Flutterwave expressed its satisfaction, welcoming the ruling that vindicated the company from any wrongdoing. The company reaffirmed its dedication to ethical business practices and maintaining the highest standards of integrity throughout the legal proceedings.
Flutterwave remains focused on its mission to provide exceptional products and services while positively contributing to communities across Africa. The company expressed gratitude for the support and trust received from customers, employees, investors, and stakeholders during this challenging period.
Emphasizing its commitment to obtaining licensing from the Central Bank of Kenya, Flutterwave aims to strengthen its market position and continue supporting local businesses and economic growth. The company now directs its attention to acquiring the necessary license in Kenya, expanding its operations, and building on its track record of facilitating transactions exceeding $30 billion since 2016.
