Nigerian fintech Flutterwave has received regulatory approval to operate as a payments and money remittance service provider in Egypt, Business Daily newspaper reported.
The startup has received payment services provider and payment facilitator licenses in Egypt, which is part of its international expansion strategy, said Flutterwave CEO Olugbenga Agboola.
The San Francisco-based startup provides payment technology for merchants, and processes payments on the web, mobile, ATM, and points of sale worldwide.
Last year, Flutterwave raised $250 million in a Series D round that tripled its valuation to over $3 billion in just 12 months.
The company has plans to list Nasdaq Stock Market and enter the lucrative lending market as it gears for more growth, the newspaper said.
(Editing by Seban Scaria seban.scaria@lseg.com )
