Flagright and Cleva join forces to fortify financial services for African markets


Flagright has recently announced a significant partnership with Cleva, a FinTech platform dedicated to transforming financial services for Africans.

This collaboration between two Y Combinator alumni underscores their commitment to employing cutting-edge technology for financial security and empowerment.

The core reason behind this partnership is to revolutionise financial services by incorporating Flagright’s advanced AML and fraud prevention technologies into Cleva’s platform. This integration aims to set a new benchmark for security and convenience in financial services, meeting the evolving needs of consumers and businesses alike.

Flagright stands at the forefront of AML compliance and fraud prevention solutions, boasting an AI-native and user-friendly, no-code interface. This technology enables businesses to seamlessly integrate comprehensive AML compliance and fraud prevention measures, ensuring the security of transactions and personal information.

On the other hand, Cleva is known for its intuitive platform that offers USD banking to African freelancers and businesses. By integrating Flagright’s technologies, Cleva is taking a significant step forward in its mission, enhancing its ability to protect customer transactions and foster trust in its platform.

The partnership is a testament to the shared vision of both companies to make financial transactions more secure and accessible. It represents a pivotal move for Cleva in redefining financial services and a significant step for Flagright in supporting innovative financial solutions.

Tolu Alabi, Co-founder & CEO of Cleva, expressed her enthusiasm for the collaboration, stating, “Partnering with Flagright is a pivotal move for Cleva in our quest to redefine financial services. As fellow YC alumni, we share a foundational belief in the power of technology to solve complex problems. Flagright’s state-of-the-art security solutions will greatly enhance our ability to protect our customers’ transactions and personal information, intelligently identify unusual transactions, and foster trust in our platform.”

Echoing her sentiments, Baran Ozkan, Co-founder and CEO of Flagright, commented, “We are thrilled to partner with Cleva, a fellow YC company, in their journey to transform financial services. Our collaboration is a testament to our shared vision of making financial transactions more secure and accessible. We look forward to supporting Cleva’s innovative approach with our robust security measures, contributing to a safer and more efficient financial ecosystem.”

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