Flutterwave, an African payments infrastructure company, completes a funding deal with Ripple that values Flutterwave at about $3.2 billion to $3.3 billion, according to multiple reports. Bloomberg says Flutterwave sells an equity stake to Ripple as part of a push to accelerate growth, including through payments expansion and strategic partnerships. The Block, TechCrunch, and CoinDesk report the transaction as Ripple backing Flutterwave’s Series E round at a $3.2 billion valuation.
Several outlets also describe the strategic component of the investment: Ripple’s stablecoin, RLUSD, and the XRP Ledger are intended to be integrated with Flutterwave’s payments operations. The Block and CoinDesk specify that this integration is planned across multiple African markets, with The Block citing 34 African markets. The reporting indicates the combined goal is to enhance cross-border payments capabilities by using Ripple’s blockchain-related infrastructure alongside Flutterwave’s payments network.
While outlet figures differ slightly on the valuation (about $3.2 billion vs. $3.3 billion), all sources describe Ripple as the investor and partner supporting payments expansion tied to RLUSD and XRP Ledger integration.
