Fintech company Flutterwave has said discussions are still ongoing concerning the federal government’s proposed $75 million investment in the company.
The company, while clarifying recent reports, regarding the federal government’s investment in the company’s planned initial public offer (IPO) said no such transaction has been officially announced, but discussions with stakeholders remain ongoing.
The company said some of the media coverage may have stemmed from evolving discussions or interpretations of broader engagements, but did not reflect any completed or officially disclosed investment.
Even though fintech did not outrightly dismiss the reports, Flutterwave insisted that there has not been any official announcement of such investment.
“At this time, Flutterwave has not announced any investment of this nature. 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 stated.
The fintech firm also addressed speculation linking the reported investment to a potential initial public offering, noting that earlier discussions referenced possible private capital participation rather than a public listing.
According to Flutterwave, the conversations relate to options such as a Series E funding round or similar pre-IPO positioning, which are common steps for scaling growth-stage companies.
It added that any future IPO would depend on several factors, including market conditions, regulatory readiness and long-term value creation.
