Flutterwave has announced a strategic investment from Ripple, the U.S.-based blockchain company known for its enterprise solutions in digital and traditional finance.
The Nigerian fintech, which provides payments infrastructure across Africa, said the partnership marks a new phase in its stablecoin strategy. It said the goal of its new investment partnership is to connect Flutterwave’s cross-border settlement network with Ripple’s digital liquidity solutions, enabling faster and more cost-efficient transactions.
The investment forms part of Flutterwave’s Series E fundraising round, which values the company at $3.2 billion. While Ripple’s participation has been confirmed, neither Ripple nor Flutterwave has disclosed the size of Ripple’s investment or the total amount raised in the Series E round.
Ripple recently launched RLUSD, a U.S. dollar-backed stablecoin issued through its subsidiary, Standard Custody & Trust Company. It also holds significant reserves of XRP, the native cryptocurrency of the XRP Ledger, though XRP itself is not owned by Ripple.
According to Flutterwave, the collaboration will focus on product integration to accelerate adoption of digital asset infrastructure in Africa. The company said the partnership will help eliminate payment delays and high foreign exchange margins, guarantee liquidity, provide predictable pricing, and enable real-time settlement.
“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 XRP Ledger and deepening its role as a settlement layer for real-world payments across the continent.”
Olugbenga Agboola, founder and CEO of Flutterwave, said the partnership will ensure that Nigerian and African markets are positioned as primary participants in the global digital asset revolution.
Flutterwave has raised $500 million to date and processed more than one billion transactions worth over $50 billion.
