Flutterwave Achieves Valuation Milestone with New Series E Funding

Nigerian payments technology company Flutterwave has announced a new Series E funding round that values the firm at $3.2 billion. The investment includes participation from Ripple, a global blockchain-based finance company.

About Flutterwave

Founded in 2016, Flutterwave provides modern payment infrastructure enabling businesses across Africa to connect with the global economy. Its platform allows banks and merchants to consolidate multiple payment integrations into one API, supporting various payment methods throughout the continent. To date, Flutterwave has processed over $40 billion in payments and facilitated more than 1 billion transactions.

The company recently secured a Nigerian banking license, adding to its credentials as one of Africa’s leading tech unicorns with a valuation exceeding $3 billion.

Strategic Partnership with Ripple

This Series E round marks a significant strategic partnership with Ripple. The collaboration will focus on integrating stablecoins into Flutterwave’s payment solutions, leveraging blockchain technology for faster and more efficient cross-border transactions.

According to Olugbenga “GB” Agboola, founder and CEO of Flutterwave: “This investment enables us to scale our infrastructure and expand our stablecoin payments roadmap. By unlocking faster settlement and lower costs, we’re building a payment superhighway that connects African commerce directly to the global economy.”

Reece Merrick, managing director for MEA at Ripple, added: “Flutterwave has built one of the most advanced payments networks in Africa. Our investment will establish RLUSD within this infrastructure, deepening its role as a settlement layer for real-world payments across the continent.”

Implications for African Markets

The new funding and partnership position Flutterwave to play an even greater role in shaping digital finance in Africa. By leveraging blockchain technology and expanding access to global payment networks, the company aims to empower African businesses and drive economic resilience across the region.