Allegations leveled against Afrika’s most valuable fintech, Flutterwave, appear to be gaining traction by the day. The three billion-dollar corporation has been accused of further fraud, sexual harassment, misrepresentation, and workplace bullying. To date, none of the charges have been addressed by Flutterwave, its Board of Directors, its investors, or its CEO.

Flutterwave’s current CEO and co-founder, Olugbenga “GB” Agboola, informed the then CEO and co-founder, Iyinoluwa “E” Aboyeji, that a share allocation of 10% would have to be transferred to “Greg,” Flutterwave’s CTO, as first revealed by award-winning Nigerian investigative journalist David Hundeyin. Later, it was revealed that “Greg” was a made-up figure established by GB to give himself an extra 10% of the Flutterwave shares instead of the 62,5 % he and E were intended to split.

With Flutterwave facing several allegations of improper conduct in South Africa, thousands of South Africans took to social media and WhatsApp groups to express frustration on delayed debited payments referenced “Flutterwave Uber” or “Flutterwave Ubereats”. A statement by both FNB South Africa and Nedbank cited technical errors from Flutterwave as the payment processor.

Through a company-wide email by the CEO to employees, dubbed “not an official statement” by appointed PR firm Wimbart, Flutterwave sought to address the serious allegations. However, both the e-mail and the statement by the company sent to are mere fluttering statements as they fail to address any of the allegations made to date. Read the full story.

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What is Happening?

Despite mounting allegations, Flutterwave, its Board of Directors, and CEO are still turning a blind eye to the mounting allegations.
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