Flutterwave, Africa’s most valuable fintech company, has raised a Series E round at a $3.25 billion valuation after an investment from Ripple, a United States-based blockchain payments company. 

Flutterwave declined to disclose how much Ripple invested. 

“Ripple did invest significantly in Flutterwave, an actual cash investment, so they are now an equity shareholder of the company,” Olugbenga “GB” Agboola, Flutterwave’s founder and chief executive, told TechCabal on a call on Monday. 

Ripple’s investment marks Flutterwave’s latest move into stablecoins as both companies integrate RLUSD, Ripple’s stablecoin, into Flutterwave’s payment infrastructure, allowing the African payments giant’s merchants and consumers to send, hold, and convert money using stablecoins. 

Agboola said three factors led Flutterwave to choose Ripple: its technology infrastructure, regulatory credibility, and the ability to move money more cheaply and quickly across borders.

Ripple’s RLUSD stablecoin and the XRP Ledger will plug into Flutterwave’s payment rails to power cross-border settlement across the continent. For Ripple, it is an entry point into Africa’s fast-growing market for dollar-denominated payments, which Mastercard projects will reach $1.5 trillion by 2030.

“Cross-border value movement is one of the most underserved and highest-growth markets globally right now,” Agboola said. 

“That is where the synergy with Ripple comes in. We bring Africa’s infrastructure at scale. Ripple brings expertise in digital settlement and stablecoins. Together, this helps solve actual customer problems.”

Flutterwave is betting that pairing its merchant base and compliance footprint with stablecoin rails will pull a larger share of cross-border volume onto its platform. Agboola forecasted at least a 30% jump in Flutterwave’s total stablecoin volumes from the Ripple deal and described the broader opportunity in cross-border flows as “massive”.

Read more: https://techcabal.com/2026/06/16/flutterwave-series-e/