The High Court in Kenya has dismissed all fraud and money laundering claims against The Fintech Giant, Flutterwave on 11th Dec 2023.
Flutterwave has then reached out via an email to its customers announcing the move as “great news”. Here is a quote of the email
“We are excited to share some good news coming from Kenya. The High Court in Kenya has approved the Assets Recovery Agency’s motion to dismiss all claims of money laundering and/or fraud against Flutterwave.
This good news enables us to continue channeling our efforts into innovation and creating endless possibilities for Africans through seamless payments services. We also believe that it is testament to our commitment to ethical business practices and the highest standards of integrity. Throughout the legal process, we maintained our confidence in the Kenyan justice system. We sincerely appreciate the support of our staff, merchants and all stakeholders throughout this difficult process.
With this case behind us, we are determined to pursue all the relevant regulatory approvals to enable us to scale our operations in Kenya and support your growth ambitions in this important market.
We want to thank you for your continued trust and support. As we move forward, we remain dedicated to providing you with excellent payments services and making our contribution to the growth of the various economies across Africa.”