Payments startup Flutterwave hits $3.2B valuation, backed by Ripple
African payments infrastructure company Flutterwave has hit a new valuation and landed blockchain company Ripple as an investor and partner.
African payments infrastructure company Flutterwave has hit a new valuation and landed blockchain company Ripple as an investor and partner. This round, notably, includes an equity investment from payments blockchain company Ripple.
The short version
- The company did not reveal the size of this round, although Flutterwave says it has now raised more than $500 million in funding to date.
- Ripple’s stake is part of a plan to help both companies expand financial services on the African continent.
- Earlier this year, the fintech also bought the African banking startup Mono to adopt its API technology.
- And in October 2025, it introduced stablecoin solutions for businesses in partnership with Polygon Labs, which will let transactions bypass traditional banking systems for, the companies say, a more stable, faster, and cheaper way to send money.
What the source reports
With this latest deal, Ripple will provide Flutterwave with the infrastructure to expand its digital asset offerings. This works out for Ripple, too, as it is looking to expand its presence in Africa. Flutterwave operates in 35 countries across the continent.
Why it matters
Topics Africa , Fintech , flutterwave , Fundraise , Fundraising , In Brief , payments , Ripple , Startups June 18 Los Angeles Get an inside look at what it takes to scale and succeed from leaders at Mach Industries, Founders Fund, and Shinkei Systems.
Summary by Nerd News Network. Read the full article at TechCrunch via the links above and below.