Flutterwave, a leading payments technology company that provides solutions for businesses to sell online and process payments across Africa, has announced that it will establish its regional hub in Nairobi, Kenya, to serve the East African market.
The announcement was made by Oluwabankole Falade, the Chief Regulatory and Government Relations Officer of Flutterwave, at the 3rd American Chamber of Commerce (AmCham) Business Summit held in Nairobi last week. The summit brought together AmChams from East Africa, U.S. government officials, U.S. investors, and East African businesses to explore new opportunities for trade and investment between the U.S. and the region.
Falade said that Flutterwave chose Kenya as its regional hub because of its strategic role in East Africa, its business-friendly environment, and its digital capability. He also said that Flutterwave shares the same objective of empowering small and medium enterprises (SMEs) with the Kenyan administration.
The summit was opened by U.S. Ambassador to Kenya, Meg Witman, who highlighted the potential of Africa and Kenya for U.S. businesses. It was closed by President Ruto, who announced new measures to enhance U.S. trade and investment in Kenya, including steps to support the SME sector.
Flutterwave was a sponsor of the summit and is a board member of the U.S. Chamber of Commerce’s Africa Business Centre as well as a member of AmCham in most markets in which it operates, including Kenya, Tanzania, Rwanda, Uganda, and Zambia.
Flutterwave’s strategy is to provide efficient, simple, and affordable technology solutions that enable SMEs to grow their businesses across borders. Some of its products include Checkout, a unified payment platform that offers smart payment ordering system, speed, and simplicity; Store, a free ecommerce website builder; Invoices, a professional invoice generator; Payment links, a unique payment link creator; and Cards, a physical and virtual card issuer.
Flutterwave has been trusted by over 1 million businesses across Africa and has processed over $9 billion in transactions since its launch in 2016.