Ripple has taken an equity stake in Flutterwave, the Nigerian fintech giant, as part of a Series E round that values the company at roughly $3.2 billion. The investment, announced June 16, comes paired with a deep technical integration: Ripple’s RLUSD stablecoin, its Ripple Payments network, and the XRP Ledger will be woven directly into Flutterwave’s infrastructure across 34 African markets.
What the deal actually looks like
Flutterwave has processed more than $40 billion in total payment volume and over 1 billion transactions since its founding. The company operates across 34 to 35 African countries, making it one of the continent’s most expansive payment networks. With this partnership, RLUSD becomes a primary settlement asset for remittances processed through the Flutterwave Send App.
When someone in London sends money to Lagos, the transaction can now settle using Ripple’s dollar-pegged stablecoin rather than bouncing through multiple correspondent banks. The XRP Ledger handles the clearing, and a unified API connects Flutterwave’s domestic payment rails with Ripple’s global network.
The exact dollar amount of Ripple’s investment hasn’t been disclosed. But the round pushes Flutterwave’s total funding past the $500 million mark.
