Flutterwave to Acquire East African Bank Amid IPO Delays

Flutterwave Pauses IPO Plans Amid African Banking Expansion Push

By Adedapo Adesanya Africa’s most valuable fintech, Flutterwave, has signalled that its long-anticipated initial public offering (IPO) remains firmly on the back burner as the company intensifies efforts to transform itself into a licensed financial institution across the continent. The firm’s chief executive, Mr Olugbenga Agboola, said the firm is focused on building sustainable profitability, […]

Flutterwave looks to East Africa to fuel banking ambitions

Flutterwave is exploring the acquisition of a bank in East Africa as it pushes beyond payments into banking, chief executive Olugbenga Agboola told The Africa Report. The move builds on the fintech’s acquisition of a microfinance banking licence in Nigeria earlier this year through its purchase of open banking startup Mono. Now, Flutterwave is looking to replicate that strategy across the continent. Kenya, Ghana, Rwanda, Egypt, and Tanzania are …

Flutterwave's Bank Acquisition Plan Signals a Bigger Ambition: Becoming Africa's JPMorgan

Africa's most valuable fintech is buying its way into banking, betting that owning a licence beats renting one from partners The post Flutterwave’s Bank Acquisition Plan Signals a Bigger Ambition: Becoming Africa’s JPMorgan appeared first on Tech Labari.

Olugbenga Agboola's Flutterwave is acquiring a bank in East Africa

Flutterwave is in the process of acquiring a bank in East Africa, its chief executive said, marking the start of an acquisition-led push to turn Africa's most valuable fintech into a licensed financial institution.Olugbenga Agboola declined to name the target or the country. "We are currently in the process of acquiring another bank in another country," he told The Africa Report. "In other markets, I will go and look for partnerships that we can…

Flutterwave to Acquire East African Bank Amid IPO Delays

Flutterwave is planning the acquisition of an East African bank to accelerate its move into lending and trade finance while IPO talks remain delayed. The post Flutterwave Moves to Acquire East African Bank Amid IPO Delays appeared first on Business Elites Africa.