Ripple invests in Flutterwave’s Series E
The investment will support the integration of Ripple’s USD-denominated stablecoin RLUSD.
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Flutterwave, an Africa-focused payments company, has announced an investment from Ripple, the provider of blockchain-based enterprise solutions for traditional and digital finance.
The investment is a part of Flutterwave’s Series E fundraising, which values the company at $3.2 billion.
“Flutterwave has built one of the most advanced payments networks in Africa, and as its infrastructure evolves, stablecoins are becoming central to that story,” said Reece Merrick, managing director for the Middle East and Africa at Ripple. “Our investment will establish RLUSD within that infrastructure, with Flutterwave driving stablecoin flows over the XRPL and deepening its role as a settlement layer for real-world payments across the continent. Together we also plan to bring Ripple Payments’ speed and efficiency to cross-border transactions in the region, opening up faster, lower-cost financial services to businesses and consumers at scale.”
Olugbenga “GB” Agboola, founder and CEO of Flutterwave, added: “This investment marks a pivotal moment in our journey, enabling us to significantly scale our infrastructure and expand our stablecoin-enabled payments roadmap. By unlocking faster settlement and lower-cost cross-border payments, we are building a payment superhighway that connects African commerce directly to the global economy. This partnership is a catalyst for Nigerian and African sovereignty in the digital financial age, ensuring our markets are primary participants in the global digital asset revolution.”
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