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Ripple acquired a stake in African fintech Flutterwave. The investment deepens Ripple's presence in Africa's cross-border payment market. Flutterwave processes payments across the continent for businesses.

Ripple acquired an equity stake in Flutterwave as part of the African payments startup's Series E round, which values the company at $3.2 billion. Flutterwave seeks to accelerate growth through payments expansion and strategic partnerships.
Flutterwave raised a Series E round at a $3.25 billion valuation with investment from Ripple. Ripple's RLUSD stablecoin and XRP Ledger will integrate into Flutterwave's payment infrastructure for cross-border settlement in Africa. Flutterwave's CEO cited Ripple's technology, regulatory credibility, and cheaper cross-border money movement as key factors.
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