Flutterwave, Africa\u2019s leading payments infrastructure company, has announced a strategic investment from Ripple, a provider of blockchain-based enterprise solutions, as part of its Series E funding round, valuing the firm at $3.2bn<\/p>\n
The investment sees Ripple\u2019s USD-denominated stablecoin RLUSD, its payments network, and the XRP Ledger (XRPL) integrated into Flutterwave\u2019s payment infrastructure. The deal forms part of Flutterwave\u2019s broader Series E fundraise, with further strategic announcements expected in the coming months<\/p>\n
The partnership is structured around three pillars: embedding RLUSD into Flutterwave\u2019s payment rails and Send App remittance corridors as a primary settlement asset for high-volume channels; utilising the XRPL for faster transaction clearing; and deploying a unified API to connect Flutterwave\u2019s domestic network with Ripple Payments, Ripple\u2019s global payments network<\/p>\n
Flutterwave provides payments infrastructure across Africa, having raised more than $500m to date and processed over one billion transactions valued at more than $50bn<\/p>\n
The latest integration is presented as the culmination of that multi-year roadmap, with the company seeking to bridge traditional financial systems with digital asset infrastructure and position Nigeria as a hub for global digital asset trade<\/p>\n
Ripple managing director, MEA Reece Merrick said, \u201cFlutterwave has built one of the most advanced payments networks in Africa, and as its infrastructure evolves, stablecoins are becoming central to that story<\/p>\n
\u201cOur investment will establish RLUSD within that infrastructure, with Flutterwave driving\u00a0stablecoin\u00a0flows 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\u2019 speed and efficiency to cross-border transactions in the region, opening up faster, lower-cost financial services to business<\/a>es and consumers at scale.\u201d<\/p>\n Flutterwave founder and CEO Olugbenga \u201cGB\u201d Agboola said, \u201cThis investment marks a pivotal moment in our journey, enabling us to significantly scale our infrastructure and expand our\u00a0stablecoin-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\u00a0digital asset\u00a0revolution.\u201d<\/p>\n Read the daily FinTech news<\/p>\n Copyright \u00a9 2026 FinTech Global<\/p>\n The following investor(s) were tagged in this article<\/p>\n \n Related:<\/strong> \n WhatsApp<\/a> Marketing<\/a> Automation Africa: 6 Dangerous Mistakes Brands Make in Nigeria”> Join Justfine Infotech<\/strong> and build real digital skills in AI, automation, web development, digital marketing, office productivity, e-commerce, freelancing and cybersecurity.<\/p>\n Available Programmes:<\/strong> WhatsApp:<\/strong>Investors<\/strong><\/h4>\n
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