Regulatory · Treasury / Cash Management · 2022

Korapay and Kandon cleared of fraud charges by Kenya ARA

Korapay issued regulatory clearance affecting Kenya Asset Recovery Agency on October 19, 2022.

Primary
Korapay
Counterparty
Kenya Asset Recovery Agency
Structure
regulatory clearance
Date
October 19, 2022
Sub-sector
Treasury / Cash Management

Removal of fraud allegations allows treasury/liquidity management fintech to resume operations in Kenya market after account freezes.

Primary company
Korapay
Amount
Not disclosed
Event date
October 19, 2022
HQ
Not disclosed
Structure
regulatory clearance
Source published
November 24, 2022
Publisher
TechCabal

Source: techcabal.com