When was Flutterwave hacked?

On March 3, 2023, a Twitter user tweeted about a hack at Flutterwave.

Who is the real owner of Flutterwave?

Frustrated by these inefficiencies, Nigerian entrepreneur Olugbenga Agboola and a team of ex-bankers and engineers started Flutterwave, a payment processing company that helps businesses make and receive payments across borders, using one API.

What happened to Flutterwave POS?

It was revealed in February 2024 that Flutterwave got a court order to recover $24 million lost to unauthorised POS transactions. “In 2023, we discovered that certain POS device merchants abused their access by conducting unauthorized transactions.

How much was stolen from Flutterwave?

Following a High Court ruling on February 1, Flutterwave, a Nigerian-based fintech startup, has been issued a Mareva injunction, or a freezing order, authorising it to begin the process of recovering ₦19 billion ($24 million) lost via unauthorised transactions by point of sale (PoS) merchants on its online platform.

Who owns Flutterwave in Nigeria?

Flutterwave, a Nigerian company, was founded in 2016 by Iyinoluwa Aboyeji (former CEO), Olugbenga Agboola (CEO), and Adeleke Adekoya.

N2.9 Billion alleged hack from Flutterwave - Here's what you need to know

Is OPay under Flutterwave?

Opay is a Nigerian digital wallet preferred by several customers to make transactions. Flutterwave allows you to collect payment from your customers by debiting their OPay wallets directly. This transaction involves redirecting to the customer's wallet to authorize the debit and complete the payment.

How safe is Flutterwave?

Yes, you can consider Flutterwave safe for payments. The platform maintains PCI-DSS Level 1 compliance, which is a security standard for handling credit card information. It also has fraud detection and other security measures in place to protect your transactions.

Is Flutterwave still active in Nigeria?

History. Flutterwave was founded in 2016 by Iyinoluwa Aboyeji, Olugbenga Agboola, and Adeleke Adekoya and is headquartered in San Francisco, California with current operations in the U.S., Canada, Nigeria, Kenya, Uganda, Ghana, South Africa, and 29 other African countries.

Does Flutterwave refund money?

Please note that we will always refund the full amount you paid for a transaction. If you receive a different amount, it might be due to: Your bank charged a fee after we refunded the full amount. Please contact your bank for assistance.

How much did the OPay fund?

At its last funding round in 2021, OPay raised $400 million from investors, including SoftBank and Sequoia, which boosted its valuation to $2 billion.

Which banks use Flutterwave?

How old is Flutterwave?

Flutterwave is a Nigerian fintech startup founded in 2016 by Iyinoluwa Aboyeji and Olugbenga Agboola. The company began by providing a payment platform for businesses in Nigeria but quickly expanded to other countries in Africa.

Does Flutterwave work in the UK?

Flutterwave is supported in Nigeria, Ghana, Kenya, South Africa, Uganda, Tanzania, the United Kingdom, the United States, and Europe. Besides accepting local cards from these countries and regions, Flutterwave also allows you to receive payments from all Mastercard and Visa cards.

Which is better, Paystack or Flutterwave?

Comparing the customer bases of Paystack and Flutterwave, we can see that Paystack has 1,756 customer(s), while Flutterwave has 1,257 customer(s). In the Payments Processing category, with 1,756 customer(s) Paystack stands at 21st place by ranking, while Flutterwave with 1,257 customer(s), is at the 29th place.

Is Flutterwave approved by CBN?

Send App is a product by Flutterwave Technology Solutions Ltd (Flutterwave). Flutterwave holds an International Money Transfer Operator license for inbound remittances, issued by the Central Bank of Nigeria.

Where is Iyinoluwa Aboyeji from?

Iyinoluwa Aboyeji was born in Lagos on March 28, 1991, to Reverend (Mr) and Reverend (Mrs) Aboyeji. He is a Nigerian native of Isin LGA in Kwara State.

How do I recover my money from Flutterwave?

Does Shopify use Flutterwave?

The integration involves logging into your Shopify store, navigating to the 'Payments' section, and adding Flutterwave as a payment method. You will be prompted to provide API keys available from your Flutterwave account and can tailor payment methods to fit your store and customer needs.

How much is Flutterwave worth?

At $3 billion, Flutterwave is currently the highest valued African startup, surpassing the $2 billion valuation set by SoftBank-backed fintech OPay and FTX-backed cross-border payments platform Chipper Cash last year.

Who bought OPay?

OPay in Nigeria is owned by Zhou Yahui, a Chinese billionaire and the chairman of Opera Software, which is OPay's parent company. He is also the founder of Kunlun Tech Co. Ltd., another of his companies.

Is Paystack a Nigerian company?

Paystack was founded in 2015 by Nigerian computer science graduates Shola Akinlade and Ezra Olubi. The company later participated in the Y Combinator startup accelerator, receiving early-stage funding in Silicon Valley. Paystack publicly launched in 2016 after participating in Y Combinator's Winter 2016 cohort.

How rich is OPay?

Opay has made significant leaps in the past year and is now worth close to 3 billion dollars. Here's how the Nigerian fintech startup achieved this.

What happened to the CEO of OPay?

On July 31, 2023, Olu Akanmu, former co-CEO of Opay, stepped down after almost two years at the Chinese-owned fintech; his exit surprised many, given Opay's impressive growth under his leadership.

Which bank owns OPay?

NEWS: Chinese Billionaire Owns OPay Bank in Nigeria! It has been confirmed that Zhou Yahui, a Chinese tech billionaire, is the owner of OPay Bank in Nigeria. Zhou, who is also the chairman of Opera Software and founder of Kunlun Tech Co. Ltd, controls the mobile money platform dominating Nigeria's fintech space.