Ripple has participated in Flutterwave’s Series E funding round through a strategic investment aimed at accelerating the adoption of stablecoin payments and strengthening cross-border financial infrastructure across Africa.
The investment forms part of Flutterwave’s latest capital raise and underscores the growing convergence between traditional blockchain networks and Africa’s leading fintech platforms. It will support Flutterwave’s expansion of stablecoin-powered solutions, enabling faster, cheaper, and more transparent cross-border transactions for businesses and consumers on the continent.
Flutterwave, which recently surpassed 1 billion transactions and $40 billion in total payment volume, has been actively integrating stablecoin capabilities into its platform. Ripple’s involvement brings technical expertise in blockchain and stablecoin infrastructure, particularly through Ripple’s On-Demand Liquidity (ODL) and RLUSD stablecoin solutions.
This partnership is expected to help Flutterwave enhance its cross-border payment corridors, reduce settlement times, and lower costs for remittances, supplier payments, and marketplace payouts areas where stablecoins are gaining significant traction in Africa.
The collaboration aligns with both companies’ missions to modernise financial systems in emerging markets. Ripple has been expanding its presence in Africa, viewing the continent as a key growth region for digital assets and blockchain-based payments. Flutterwave, with its extensive merchant network and pan-African footprint, provides the local market expertise and distribution channels needed to scale stablecoin usage effectively.
Olugbenga “GB” Agboola, CEO of Flutterwave, described the investment as a validation of the company’s infrastructure-first approach and its commitment to building resilient financial rails for Africa.
For Ripple, the move represents another important step in its strategy to partner with leading African fintechs to drive real-world adoption of digital assets and bridge traditional finance with blockchain technology.
Stablecoins have emerged as one of the most practical use cases for blockchain in Africa, offering a hedge against local currency volatility and providing faster settlement compared to traditional correspondent banking channels. This investment is likely to encourage further integration of stablecoins into everyday payments, remittances, and business transactions across the continent.
The deal also highlights the increasing interest of global blockchain players in African fintech opportunities as the region’s digital economy continues its rapid expansion.
With this strategic investment, Flutterwave is well-positioned to strengthen its leadership in African payments while advancing the broader adoption of stablecoins as a reliable medium of exchange and store of value for millions of users and businesses across the continent.
The full details of the Series E round size and valuation were not disclosed, but the participation of Ripple adds significant credibility and technical depth to Flutterwave’s long-term vision of building the financial operating system for Africa.
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