A new partnership will integrate Ripple’s RLUSD stablecoin and the XRP Ledger into Flutterwave’s Africa-focused payments and remittance network, aimed at accelerating cross-border settlements.

Ripple makes a strategic investment in Flutterwave’s Series E, valuing the company at about $3.2 billion.

The collaboration targets reducing multi-day settlement times and high FX margins by blending local payment methods with Ripple’s blockchain infrastructure.

Flutterwave has raised over $500 million in total funding to date, with the size of the latest round undisclosed.

Flutterwave’s platform has processed over 1 billion transactions totaling more than $50 billion, establishing it as a central hub for Africa-facing payments.

Leadership emphasizes scaling infrastructure, expanding stablecoin-enabled payments, and elevating Nigeria as a regional hub for digital asset trading across Africa.

Industry data show rising crypto activity in Sub-Saharan Africa, with Circle and Sasai pushing USDC adoption to expand across the continent.

Stablecoins are gaining traction in remittances in Africa, driven by demand for cheaper cross-border transfers and growing on-chain activity.

The deal underscores strong global investor interest in African startups and helps Flutterwave recover from earlier valuation pressures tied to naira devaluation.

Flutterwave operates in 35 African countries and is expanding its digital asset offerings, including stablecoin payment services.

The collaboration positions Flutterwave to accelerate regional expansion through its extensive footprint across Africa.

Flutterwave has been building APIs to unify Africa’s payments market, including acquiring Mono to advance its API technology.