Flutterwave found itself in the midst of a number of controversies last year, with claims of a toxic workplace culture and improprieties involving share options, all of which were denied by management. The company has also found itself in hot water in Kenya, with the country’s Assets Recovery Agency (ARA) freezing several million dollars-worth of its assets, as part of two cases of suspected money laundering and fraud.
While one case was formally withdrawn in March of this year, the Kenyan high court in July refused the ARA’s request to withdraw a second case due to insufficient evidence presented by the agency. Flutterwave has again denied any wrongdoing.
