Tag: Flutterwave

On Nov 16, 2023, the we issued a warning against the VentureXchange broker scam, allegedly operated by PIX POINT CONSULTING LTD, registered in the UK. Today, the UK FCA informed that this entity has no association with the UK-registered PIX POINT CONSULTING LTDand is falsely claiming the name and registered number of the genuine UK registered company. Various regulators have warned against this broker scam scheme.

On Nov 15, 2023, the German regulator BaFin issued a warning against the VentureXchanges a/k/a VentureseXchanges broker scam. This is allegedly operated by PIX POINT CONSULTING LTD, registered in the UK, and has already attracted attention as the operator of the PixPalPro scam. Other regulators have also issued warnings against this entity. Stay far away; protect your financial health and your data.

Mastercard has agreed to purchase a minority stake in the fintech division of MTN Group, Africa’s largest cell phone provider, which it values at $5.2 billion on a cash and debt-free basis. While the specifics of Mastercard's investment will remain confidential until the deal's completion, which will likely occur soon as both parties near the end of the due diligence process. This news has led to a significant surge in MTN's stock, marking its highest increase in three months.

New information on the infamous iPayTotal Group. Back in 2020, iPayTotal was busy dealing with its clients, internal conflicts, and politics. The situation got a little out of hand. Sen Kugan, former director iPaySolutions, hired a bunch of his friends from India and Sri Lankan origin since he is a Sri Lankan. Out of the many employees FinTelegram mentioned in its posts already, who led to the downfall of iPaytotal Group and the reason for the formation of OctaPay? Here is the story!

A Kenyan Court froze more than $50 million in bank accounts of the African fintech unicorn Flutterwave under the country’s anti-money laundering laws. Kenya’s Assets Recovery Agency (ARA) sought and was granted a High Court order to freeze several accounts with three banks belonging to Kenyan-registered Flutterwave Payment Technology Ltd. The Flutterwave CEO, Olugbenga Agboola (LinkedIn) has been confronted with allegations of financial impropriety, conflict of interest, and sexual harassment.