Flutterwave Slashes Workforce in Kenya, South Africa - Tech

Flutterwave Layoffs: 50% Workforce Cut in Kenya and South Africa

In Brief The Flutterwave layoffs reflect a strategic shift toward profitability, with major staff reductions in Kenya and South Africa focused on reducing costs. Regulatory hurdles, especially in acquiring licenses, are reshaping Flutterwave’s operations and determining which markets remain essential. The layoffs mark a larger trend in African fintech—moving from fast growth to sustainable, regulation-compliant models ahead of public listings…

Flutterwave lays off half of its team in Kenya and South Africa

In a bid to cut costs ahead of a long-anticipated initial public offering (IPO), fintech startup Flutterwave has laid off half of its staff in Kenya and South Africa. The layoffs began quietly in March, less than a year after 30% core teams in compliance, legal, and human resources were laid off. Kenya, where Flutterwave once had about 20 employees, now reportedly has fewer than eight, per TechCabal, with key figures like former regional manager…

Flutterwave Cuts Workforce in Kenya and South Africa Amid Profitability Push

Flutterwave has laid off half of its staff in Kenya and South Africa as part of efforts to reduce operational costs and edge closer to profitability. The restructuring comes as the company prepares for a potential public listing and follows a previous round of layoffs in 2024, when Flutterwave reduced its global workforce by 3%.The recent job cuts, which began in March 2025, affected several departments, particularly compliance, legal, and human…

Flutterwave Lays Off Half Of Its Staff In Kenya & SA

African fintech unicorn, Flutterwave has cut 50 percent of its staff in Kenya and South Africa, in an effort to... Source

Flutterwave Slashes Workforce in Kenya, South Africa - Tech

Flutterwave has reportedly laid off around half of its staff in Kenya and South Africa, in a bid to cut costs and keep the company on track toward profitability.  The move, which began quietly in March 2025, shows a change in strategy for Africa’s highest-valued startup. The layoffs have hit the company’s compliance, legal, human resources, and sales units, roles Flutterwave now appears to be relocating to its home market, Nigeria. The rationale…

Flutterwave Cuts Half of Kenya, South Africa Staff Amid Profit Push, IPO Plans

African fintech unicorn Flutterwave has laid off half of its staff in Kenya and South Africa as it sharpens its focus on profitability ahead of a potential IPO. The cuts, which began in March 2025, primarily affected compliance, legal, and HR teams, according to sources familiar with the matter. Why it matters The layoffs mark […] The post Flutterwave Cuts Half of Kenya, South Africa Staff Amid Profit Push, IPO Plans appeared first on Tech Labar…