Flutterwave, a leading payments technology company in Africa, has announced it has successfully obtained money transfer licenses for 13 U.S. states. The company says this move aims to facilitate faster, more cost-effective, and secure money transfers between the United States and Africa.
The acquired licenses cover states such as Arizona, Arkansas, Maryland, Michigan, Delaware, Georgia, Maine, Mississippi, Missouri, New Hampshire, Iowa, North Dakota, and South Dakota.
The new money transfer licenses will enable the fintech to serve customers in a total of 29 U.S. states.
“Getting these licenses expands our regulatory footprint, demonstrates our ability to deliver services with safety and soundness, and fosters trust of regulators, partners, and customers. We’re growing and are committed to servicing customer needs in as many geographies as possible with a significant African diaspora.” said Stephen Cheng, Executive Vice President of Global Expansion and Partnerships at Flutterwave.
“These licenses move us one step closer to our vision, and we will continue to expand this feat to ensure coverage for all states in the U.S. and beyond.” Flutterwave’s CEO, Olugbenga Agboola.
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