Employees, some of whom are owed salary arrears following the abrupt February shutdown, will rank behind secured creditors under Kenyan insolvency law.
Flutterwave has secured a microfinance bank license - but the entity it acquired raises questions about the strategic scope the company can immediately pursue.
Founded in 2023 by CEO Sahil Affriya, Shiprazor operates as an infrastructure layer connecting online merchants with a disparate network of delivery providers.
The fundraising effort marks a notable development in an African venture ecosystem that has historically directed the vast majority of its capital toward financial technology
