CBN grants Flutterwave banking licence to expand financial services

Flutterwave has received a banking licence from the Central Bank of Nigeria (CBN), allowing the fintech company to expand its financial services beyond payments. CEO Olugbenga Agboola stated that this approval marks a significant milestone in the company's growth, having processed over $40 billion in transactions over the past decade. With this licence, businesses will be able to access banking tools and manage their operations on a unified platform.