Flutterwave’s Valuation Hits $3.2bn as Ripple’s Investment Pushes Total Funding Past $500m
African fintech giant Flutterwave has announced that its total capital raised has now surpassed $500 million.
This follows a strategic investment from US-based Ripple, a leader in enterprise blockchain solutions, as part of Flutterwave’s Series E funding round. The fresh capital injection has pushed Flutterwave’s valuation to $3.2 billion, according to a statement on Tuesday.
By integrating Ripple’s USD-denominated stablecoin (RLUSD) and the XRP Ledger (XRPL) into Flutterwave’s existing infrastructure, the two companies are building what they describe as a “stablecoin-native financial superhighway.”
For years, African businesses have struggled with “legacy frictions” in cross-border trade, including multi-day delays and high foreign exchange margins. This partnership aims to eliminate those bottlenecks by merging traditional fiat methods — like mobile wallets and bank transfers — with blockchain technology.
“This investment marks a pivotal moment in our journey,” said Olugbenga “GB” Agboola, founder and CEO of Flutterwave. “By unlocking faster settlement and lower-cost cross-border payments, we are building a payment superhighway that connects African commerce directly to the global economy.”
Reece Merrick, managing director, MEA at Ripple, noted that the investment establishes RLUSD as a primary settlement layer for real-world payments across the continent, bringing “unprecedented speed, liquidity, and cost-efficiency” to the region.
With over 1 billion transactions worth more than $50 billion already processed, Flutterwave is using this new capital to solidify Nigeria’s role as a primary hub for global digital asset trade. The company currently operates in 34 African countries, serving global brands like Uber and Air Peace.
