Ripple has invested in Flutterwave as part of its Series E fundraising round that lifted the valuation of Africa’s leading payments infrastructure company to $3.2 billion, according to a Tuesday press release.
The companies aim to advance Flutterwave’s stablecoin strategy by connecting Flutterwave’s growing cross-border settlement infrastructure with Ripple’s enterprise-grade blockchain and digital liquidity capabilities.
The partnership also targets strengthening Africa’s payments ecosystem, supporting Nigeria’s role in digital asset innovation, and expanding economic opportunities across the continent, according to the companies.
“Flutterwave has built one of the most advanced payments networks in Africa, and as its infrastructure evolves, stablecoins are becoming central to that story,” Reece Merrick, Managing Director of Ripple’s MEA region, said. “Our investment will establish RLUSD within that infrastructure, with Flutterwave driving stablecoin flows over the XRPL and deepening its role as a settlement layer for real-world payments across the continent.”
Through the incorporation of RLUSD into its ecosystem, Flutterwave is completing a stablecoin-first architecture that simplifies international payments and removes traditional operational bottlenecks. The platform will provide businesses with a scalable and compliant liquidity infrastructure that supports seamless participation in global commerce.
