Flutterwave, the African fintech firm is setting up its regional headquarter for East Africa in Nairobi Kenya.
This announcement was made by the company’s chief regulatory and government relations Officer, Oluwabankole Falade during the third American Chamber of Commerce (AmCham) Business Summit held in Nairobi last week.
“We recognize the invaluable role Kenya plays in the East African region and the country’s business-friendly environment and digital capability,” said Mr Falade.
“As a business with African roots and headquartered in San Francisco, we are aware of the importance of empowering the small business owners, an objective shared by the Kenyan administration,” he added.
The announcement comes just a month after the fintech giant secured two additional licenses to operate in Rwanda. The company received its Electronic Money Issuer and Remittance Licenses from the National Bank of Rwanda, allowing it to expand its operations in the East African nation.
Flutterwave was a sponsor of the AmCham event which brought together the AmChams across East Africa, together with a senior U.S. government delegation, U.S. investors convened by the U.S. Department of Commerce, and the U.S. Chamber of Commerce’s Africa Business Center. It also featured East African businesses and officials, to chart new paths for enhanced US commercial engagement with Kenya and the East Africa Region.
“We are also glad of the support we have received from the Government of Kenya, AmCham stakeholders and leadership across the region, and we are proud to have chosen to support the Summit and see many other global firms who we work with such as Amazon and Uber choosing to settle here as well. We are in good company,” Mr. Falade concluded.
— TechTrends Media (@TechTrendsKE) April 18, 2023