Flutterwave now has access to Clear Junction’s robust technical infrastructure and faster transaction routing.

This marks a significant milestone in addressing the evolving needs of migrant workers and families relying on dependable cross-border money flows.

Flutterwave taps into Clear Junction’s expertise in facilitating cross-border trade payment and treasury services to enhance its support for African remittance customers making cross border payments to the UK and EU.

This offering is already available through Swap, Flutterwave’s currency exchange platform  built in partnership with Wema Bank and Kadavra BDC.

Swap powers several of Flutterwave’s customer-facing experiences, including the Send App, ensuring that users can seamlessly access this service within familiar channels. With Swap, Flutterwave customers can now conveniently send money abroad.  Swap ensures a seamless and compliant process for cross border transfers.

This collaboration is expected to drive an increase in completed transactions and enhance customer satisfaction, advancing Flutterwave’s mission to seamlessly connect Africa to the world and the world to Africa through efficient cross-border payments.

Dima Kats, CEO and Founder of Clear Junction, commented:

“We’re thrilled to partner with Flutterwave. The collaboration is a testament to our shared commitment to driving positive change through technology and financial inclusion. In the realm of African remittances, timely access to favourable FX rates is imperative to provide the best value to customers. Individuals and families who rely on these services require speedy access to their funds. Clear Junction serves as a vital ally for African remittance companies and fintechs like Flutterwave, offering secure, fast, and cost-effective solutions that overcome the hurdles associated with cross-border payments. By utilising secure and proven technology, we can ensure that funds reach recipients’ accounts swiftly, fostering business growth and financial inclusion.”

Commenting, Mayokun Owolabi, head, Global Expansion & Payment Partnerships at Flutterwave, said,

“We are excited to partner with Clear Junction. Their expertise in multi-currency payments is crucial to our mission of connecting Africa to the world. With this partnership, our new and existing retail customers can now expect a more streamlined and efficient way to send money to the UK and EU, making it faster and easier to pay for tuition fees, family expenses etc.”

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According to several reports gathered by TechEconomy, upon finalization of the purchase, Musk fired CEO Parag Agrawal and two other executives.

The deal’s completion lifts the uncertainty that has surrounded Twitter’s operations, staff, and stockholders for much of the year.

Musk spent months attempting to back out of the agreement after initially agreeing to purchase the business in April, initially expressing worries about the number of bots on the platform and then charges made by a company whistleblower.

After Musk, a billionaire, made an offer to buy Twitter in April, months of legal fighting came to a conclusion with the acquisition.

Twitter sued Musk when he attempted to back out of a plan to purchase the social media business for $44 billion after reaching an agreement with the board of directors.

He has till Friday to seal the deal or risk going to court.

Musk has said one of his motivations for buying the platform is related to complaints about censorship, mostly from people who have been banned because they have violated Twitter’s terms of service.

“Twitter obviously cannot become a free-for-all hellscape, where anything can be said with no consequences!” Musk said in his statement to advertisers Thursday.

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