Ripple invests in Flutterwave as company valued at $3.2 billion in Series E round
The investment will integrate Ripple's RLUSD stablecoin and XRP Ledger into Flutterwave's network for cross-border payments across Africa. Flutterwave said the round values the company at $3.2 billion.
CoinDeskRipple invested in African payments company Flutterwave as part of its Series E funding round. 2 billion, Flutterwave said Tuesday. Financial terms of Ripple's stake were not disclosed.
U.S. dollar-backed stablecoin RLUSD into Flutterwave's payments infrastructure. Flutterwave will also connect to Ripple Payments, Ripple's global payments network, and use the XRP Ledger blockchain to process transactions.
The companies said the goal is to make it easier and cheaper for businesses across Africa to send and receive money internationally. "Flutterwave has built one of the most advanced payments networks in Africa, and as its infrastructure evolves, stablecoins are becoming central to that story," said Reece Merrick, managing director, MEA at Ripple, in a statement.
6 billion in supply, growing over 20% this year.
Global stablecoin supply has reached $300 billion. For Ripple, the investment expands the reach of RLUSD in a region where remittances and cross-border commerce play a major role in the economy. Ripple CEO Brad Garlinghouse appeared at Consensus Miami 2026.
