Ripple invests in Africa-focused payments fintech Flutterwave through an equity stake deal, with multiple outlets citing a valuation for Flutterwave in the low–$3 billion range. Bloomberg Technology and PYMNTS report Flutterwave’s valuation at about $3.3 billion following the investment, citing CEO Olugbenga Agboola and reporting that he did not disclose the investment amount. Other crypto and payments-focused outlets—including The Block, TechCrunch, CoinDesk and Cointelegraph—also describe the transaction as valuing Flutterwave around $3.2 billion and characterize it as support for Flutterwave’s payments expansion and strategic partnership plans.
Several sources say the investment is linked to plans to integrate Ripple’s stablecoin RLUSD and the XRP Ledger into Flutterwave’s payments offerings. CoinDesk and Cointelegraph specifically describe aiming to use these tools to improve cross-border and remittance payments across Africa, while The Block adds that the integration is intended across 34 African markets. Overall, the coverage centers on the funding, the approximate valuation, and the announced blockchain payments integrations tied to the partnership.
