Ripple Joins Flutterwave’s Series E with Strategic Investment to Accelerate African Stablecoin Payments
Ripple’s investment will embed RLUSD and the XRP Ledger into Flutterwave’s network, aiming to speed settlement and cut cross-border payment costs for businesses.
- On Tuesday, African payments infrastructure company Flutterwave announced a Series E funding round valuing the firm at $3.2 billion, which includes a strategic equity investment from blockchain firm Ripple.
- Cross-Border payments in Africa remain challenging due to fragmented banking systems and currency volatility, prompting Flutterwave to seek solutions that bypass traditional banking networks.
- The partnership integrates Ripple's U.S. dollar-backed stablecoin, RLUSD, into Flutterwave's infrastructure, allowing businesses to settle international transactions faster using the XRP Ledger .
- Reece Merrick, Managing Director, MEA at Ripple, said "Flutterwave has built one of the most advanced payments networks in Africa," noting the investment establishes RLUSD as a primary settlement asset.
- Operating across 35 countries, Flutterwave plans to scale its infrastructure as the global stablecoin market reaches $300 billion, positioning the company to connect African commerce to worldwide financial networks.
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Flutterwave has secured a strategic investment from Ripple as part of its Series E funding round, lifting its valuation to $3.2 billion. The announcement was made on June 16, 2026. The company did not disclose the size of the investment or the full structure of the round.The deal brings Ripple into Flutterwave’s investor base as a strategic infrastructure partner and extends Flutterwave’s focus on cross-border payment settlement. According to bo…
Exclusive: Flutterwave aims to become Africa’s go-to fintech firm
The NewsFintech leader Flutterwave is looking to boost acquisitions in sectors that bolster its digital payments network to become a one-stop shop for African business and consumers, the company’s CEO told Semafor, following an investment round that included an equity stake purchase by the US blockchain firm Ripple.The Nigeria-founded Flutterwave works in 35 African countries, helping businesses receive digital payments. It has recently expanded…
Ripple joins Flutterwave’s Series E with strategic investment to accelerate African stablecoin payments
Flutterwave, Africa’s leading payments infrastructure company, today announced a strategic investment from Ripple, the leading provider of blockchain-based enterprise solutions for traditional and digital finance. This partnership marks the definitive next phase of Flutterwave’s long-term stablecoin strategy, seamlessly connecting its existing cross-border settlement capabilities with enterprise-grade digital liquidity. By anchoring this infrast…
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