Flutterwave Secures Microlender License in Nigeria

Flutterwave Inc., a prominent African fintech unicorn, has successfully obtained a license to operate as a national microlender in Nigeria. This regulatory approval empowers the company to directly compete with traditional banks for lending business within the country. The move is expected to significantly enhance financial inclusion and provide greater access to credit for individuals and small businesses. Flutterwave's expansion into microlending marks a significant step in its mission to broaden financial services across the continent.