We have secured US MSB registration – FlashChange

FlashChange, the Nigerian fintech platform for digital asset trading and cross-border payments, has announced that it has obtained Money Services Business (MSB) registration in the United States.

According to the firm, the registration marks a critical compliance step that allows it to begin structured entry into the US financial services landscape.

The statement from the management of the company reads: “The registration under the US Financial Crimes Enforcement Network (FinCEN) places FlashChange within the framework of federal oversight, covering anti-money laundering and counter-terrorist financing obligations.”

According to the company, the milestone sets the foundation for further licensing at state level, which is necessary for wider service coverage across the United States.

FlashChange stated that its initial focus will be on remittance corridors with high Nigerian and African diaspora demand.

Currently, some of the commonly explored solutions in that market include money transfers, access to dollar-to-naira conversion channels, and payout solutions for merchants and freelancers who receive income from US clients.

According to the CEO, Bidemi Oke, the company is also in talks with compliance technology providers and financial institutions in the US to strengthen customer verification, fraud prevention, and transaction monitoring systems.

The firm’s expansion strategy will follow a phased approach. Limited pilots are expected in selected states where licensing is first secured, with gradual scaling to other jurisdictions as approvals are granted. FlashChange noted that transparency on fees, custody, and consumer protection will be central to building trust with remmitance users.

Analysts point out that MSB registration is a gateway to competing in the US fintech space, but sustained growth will depend on compliance discipline, liquidity strength, and user trust.