In July 2022, Kenya’s Asset Recovery Agency (ARA) got a court order to freeze 56 bank accounts belonging to Flutterwave, Africa’s largest fintech, and others, on allegations that the company was running a fraudulent operation.
However, the ARA rescinded the ban in February 2023 after its investigations cleared Flutterwave of wrongdoings. The Africa’s most valuable fintech said in a statement on Thursday, that it welcomes the Agency’s decision and looks forward to expanding its operation in the East African country.
