Ripple Invests in Flutterwave: $3.2B African Payments Boost

Ripple Backs Flutterwave’s $3.2B Africa Play

Ripple has made a strategic investment in Flutterwave, Africa’s leading payments infrastructure company, as part of its Series E funding round. This deal values Flutterwave at an impressive $3.2 billion.

The partnership aims to revolutionize African cross-border payments, replacing multi-day delays and high foreign exchange margins with real-time settlement and predictable pricing.

Key Integration Pillars

This collaboration will see Ripple’s core technologies integrated into Flutterwave’s infrastructure, built on three pillars:

• RLUSD Stablecoin: Embedded as a primary settlement asset within Flutterwave’s payment rails and Send App remittance corridors for high-volume transactions.
• XRP Ledger (XRPL): Utilized to facilitate faster transaction clearing.
• Unified API: Connecting Flutterwave’s domestic network with Ripple Payments, Ripple’s global payments network.

Transforming African Commerce

Flutterwave has already processed over one billion transactions valued at more than $50 billion, raising over $500 million to date. This investment further strengthens its position.

The initiative seeks to bridge traditional financial systems with digital asset infrastructure, aiming to position Nigeria as a key hub for global digital asset trade.

Reece Merrick, Ripple’s managing director for MEA, and Olugbenga “GB” Agboola, Flutterwave’s founder and CEO, highlighted the investment’s potential to scale infrastructure and create a “payment superhighway” for African commerce.