Flutterwave Secures Money Transfer Licenses in 13 U.S States
Nigerian fintech unicorn Flutterwave, has announced that it has secured new money transfer licenses in 13 U.S. states.
The newly acquired licenses span across states in the U.S, which includes Arizona, Arkansas, Maryland, Michigan, Delaware, Georgia, Maine, Mississippi, Missouri, New Hampshire, Iowa, North Dakota, and South Dakota.
Announcing the significant milestone, Flutterwave CEO Olugbenga Agboola wrote on X (formerly Twitter),
“I’m pleased to share that Flutterwave has acquired money transfer licenses in 13 new states in the US and can now operate in 29 US states. Making transfers to and from the USA is about to get faster, cheaper, and super secure. That’s great news for our Send App by Flutterwave and users and for our Flutterwave’s enterprise clients that use our trusted services for last-mile payout globally.
“In our bid to connect Africa to the global economy, we’re focused on providing trustworthy solutions that bridge that payment gap while also saving time, money, and effort! This is another step in that direction and I’m personally excited to see the massive opportunities that come from it. Our journey is just getting started and the road ahead is long but we’re more than capable.”
Also speaking on Flutterwave’s new license in the U.S, Executive President, of Global Expansion and Partnerships at Flutterwave Stephen Cheng said,
“Getting these licenses expands our regulatory footprint, demonstrates our ability to deliver services with safety and soundness, and fosters the trust of regulators, partners, and customers. We are growing and are committed to servicing customer needs in as many geographies as possible with a significant African Diaspora. These licenses reflect our commitment to working with regulators across various markets, following their requirements, and ensuring the safety of customer funds. We will continue to create an environment of safety and trust”.
Flutterwave’s acquisition of new transfer money licenses in the U.S, reflects the company’s dedication in ensuring a seamless transfer of funds for Africans in Diaspora, sending money back home.
