Leading Africa’s fintech company, Flutterwave has denied reports that President Bola Tinubu had approved a $75 million investment into its business.
The news had spread on Monday after special assistant to the president on social media Dada Olusegun tweeted on X claimed the FG had injected the amount.

He also claimed a near-term IPO.
Responding, Flutterwave said that no such investment has been formally announced and that some of the recent
reports may reflect evolving discussions or interpretations of broader engagement, but they do
not correspond to any formally executed or disclosed transaction by the company.
It clarified that reporting relate to potential private capital participation, such as a Series E or similar pre-IPO positioning are typical steps
for scaling companies and are distinct from a public listing and that any future IPO would be subject to a range of factors, including market conditions, regulatory readiness, and long-term value creation.

On the engagement with institutional and sovereign stakeholders, it stated that Flutterwave regularly engages with a broad range of institutional and sovereign stakeholders, they the engagements may include exploratory
conversations around strategic participation aligned with long-term economic and ecosystem
development goals.
It stated: “Such engagements are a normal part of building globally competitive companies and do not necessarily indicate finalized transactions.

“We recognize the strong interest in Flutterwave’s growth and future plans. At the same time, we encourage reliance on confirmed corporate disclosures, as ongoing discussions or market
signals can sometimes be interpreted in different ways before formal announcements are made.
“We continue to operate at scale across multiple markets, playing a key role in enabling payments and economic activity across Africa and beyond.

“We have processed over
$50 billion across more than one billion cross-border transactions, reflecting its growing role in global commerce and remittance flows. This reach is supported by having over 50 licenses with technology reach in 34 countries and customers like Uber, Airpeace, and Piggyvest.
“Any future capital event, whether private or public, will be approached with a focus on long-term
value, strong governance, and alignment with global best practices. We remain focused on building for the long term. We will continue to share updates
through the appropriate channels as and when there are material developments.”