By Kingsley Adegboye

FastaMoni Technologies Limited, operators of BizFlex Africa, has received final approval from the Central Bank of Nigeria (CBN) to operate as a licensed International Money Transfer Operator (IMTO) in Nigeria.

The approval, granted after a thorough regulatory review process, allows BizFlex Africa to legally offer cross-border payment, remittance, and international settlement services.

In a statement, the company described the licence as a major milestone that strengthens its ability to provide secure and compliant financial solutions for individuals and businesses engaged in cross-border transactions.

Adetola Adele, Co-Founder and Chief Executive Officer of FastaMoni Technologies Limited, said:

“Receiving the final IMTO approval from the Central Bank of Nigeria represents an important milestone for our company. This approval reflects the work our team has put into strengthening our operational standards, compliance systems, technology infrastructure, and governance processes over time. We remain committed to building with a strong focus on compliance, security, reliability, and long-term sustainability.”

BizFlex Africa stated that it will continue investing in robust compliance frameworks, anti-money laundering controls, fraud prevention, and customer protection systems.

The company aims to expand accessible financial tools for freelancers, businesses, merchants, and globally connected Africans while maintaining full regulatory compliance.