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== History ==
The company was founded in 2016 by [[Iyinoluwa Aboyeji]], [[Olugbenga Agboola]], and Adeleke Adekoya and is headquartered in [[San Francisco]], [[California]] with operations in [[Nigeria]], [[Kenya]],[[Uganda]],[[Ghana]], [[South Africa]] , and seven other African countries.<ref name=":0">{{Cite web|last=Tom|first=Jackson|date=10 March 2021|title=Nigerian payments startup Flutterwave achieves "unicorn" status after $170m funding round|url=https://disrupt-africa.com/2021/03/10/nigerian-payments-startup-flutterwave-achieves-unicorn-status-after-170m-funding-round/|access-date=13 March 2021|website=Disrupt Africa}}</ref>
In 2021, Flutterwave raised a US$170 million [[Series C]] funding round.<ref>{{Cite web|title=African payments company Flutterwave raises $170M, now valued at over $1B|url=https://techcrunch.com/2021/03/09/african-payments-company-flutterwave-raises-170m-now-valued-at-over-1b/|access-date=13 March 2021|website=Tech Crunch}}</ref> At the time, this was the largest amount ever secured by an African tech startup and gave it a valuation of over US$1 billion,<ref>{{Cite web|last=Princewill|first=Nimi|date=11 March 2021|title=Nigerian startup Flutterwave secures $170 million in capital injections from investors, now valued at over $1 billion|url=https://edition.cnn.com/2021/03/10/africa/startup-flutterwave-funding-intl/index.html|access-date=13 March 2021|website=[[CNN]]}}</ref> making Flutterwave a [[Unicorn (finance)|unicorn]].<ref name=":0" /> Investors in Flutterwave include [[Y Combinator|Y-Combinator]], [[Visa Inc.|Visa Ventures]], [[Mastercard]], Avenir Growth Capital, and [[Tiger Global Management]].<ref>{{Cite web|title=Dealroom: About Flutterwave|url=https://app.dealroom.co/companies/flutterwave|access-date=13 March 2021|website=[[Dealroom]]}}</ref> Flutterwave raised a US$250 million Series D funding round at over US$3 billion valuation in 2022 as well.<ref>{{Cite web|date=2022-02-16|title=Flutterwave secures $250m Series D with valuation at over $3bn|url=https://techcabal.com/2022/02/16/flutterwave-secures-250m-series-d/|access-date=2022-02-21|website=TechCabal|language=en-US}}</ref>
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=== Kenya Licensing ===
Kenyan central bank Governor [[Patrick Njoroge]] disclosed on July 28, 2022, after the Monetary Policy Committee meeting, that Flutterwave and Chipper have not been granted a licence to operate in the country. The clarification of Patrick followed an initial ruling by a Kenyan High Court on July 6, 2022, which froze all assets and accounts of Flutterwave in the country.<ref>{{Cite web |date=2022-07-29 |title=Flutterwave, Chipper Cash not licensed to operate in Kenya — Central Bank |url=https://www.premiumtimesng.com/news/top-news/545704-flutterwave-chipper-cash-not-licensed-to-operate-in-kenya-central-bank.html |access-date=2022-08-12 |website=Premium Times |language=en}}</ref>
Flutterwave, in an official response, disclosed that it submitted applications for licensing to the central bank of Kenya in 2019 but has yet to be granted one.<ref>{{Cite web |date=2022-07-28 |title=Flutterwave Says It's Awaiting Kenya License After Bank Snub |url=https://www.bloomberg.com/news/articles/2022-07-28/kenya-says-flutterwave-and-chipper-cash-not-licensed-operators#xj4y7vzkg |access-date=2022-08-12 |website=Bloomberg|language=en}}</ref><ref>{{Cite web |date=2022-07-30 |title=We submitted application for licence to operate in Kenya since 2019, Flutterwave reacts to CBK allegation |url=https://www.vanguardngr.com/2022/07/we-submitted-application-for-licence-to-operate-in-kenya-since-2019-flutterwave-reacts-to-cbk-allegation/ |access-date=2022-08-12 |website=Vanguard Newspaper|language=en}}</ref><ref>{{Cite web |date=2022-07-25 |title=Nigeria's Flutterwave faces Kenya fraud allegations |url=https://restofworld.org/2022/flutterwave-fraud-allegations-kenya/ |access-date=2022-08-16 |website=Rest of World |language=en-US}}</ref>
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===Harassment===
Flutterwave has been subject to multiple lawsuits and allegations of denying former employees stock rights as well as having a culture of bullying and harassment.<ref name="Bloomberg 1" />
=== Fraud ===
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