Flutterwave has taken a Circle Ventures investment to embed USDC stablecoin settlement across Africa, its second dollar-token rail in a matter of weeks.
NIGERIA · FINTECH
Key Facts
—The deal: Flutterwave, Africa’s biggest payments company, has taken a strategic investment from Circle Ventures. Circle is the United States issuer of the USDC stablecoin.
—The terms: The size of the investment was not disclosed. Circle Ventures is the venture arm of Circle Internet Group.
—The purpose: Flutterwave will embed native USDC settlement into its systems, expand its payment networks and speed up cross-border transfers.
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