Kenyan govt drops fraud charges against Flutterwave ahead of IPO

The Kenyan government has dropped the financial impropriety charges against Nigerian Financial Technology company, Flutterwave.

The Kenyan government in July last year blocked 62 bank accounts with Sh6.2 billion ($59.2 million) belonging to Flutterwave and some other firms.

Another $3.3 million belonging to Flutterwave was also seized two months later amid accusations that the FinTech firm and some companies were involved in card fraud and money laundering.