Ripple Takes Stake in Flutterwave as Stablecoin Payments Push Expands Across Africa
Key takeaways
- Ripple joined Flutterwave’s Series E round at a valuation slightly above $3 billion, adding a strategic crypto payments backer to one of Africa’s most valuable private fintech companies.
- The deal gives Ripple a stronger route into one of the world’s most active cross-border payment regions.
- Ripple, The Company Behind XRP, Is Valued At $50 Billion
Ripple Takes Stake in Flutterwave as Stablecoin Payments Push Expands Across Africa Ripple Takes Stake in Flutterwave as Stablecoin Payments Push Expands Across Africa Crypto Prowl Tue, June 16, 2026 at 9:24 PM GMT+7 2 min read XRP-USD RLUSD XRP RLUSD-USD Ripple (CRYPTO: $XRP) has taken an equity stake in Flutterwave, deepening its push into African payments as stablecoins move from crypto markets into business settlement.
Ripple joined Flutterwave’s Series E round at a valuation slightly above $3 billion, adding a strategic crypto payments backer to one of Africa’s most valuable private fintech companies. Bloomberg reported the valuation at $3.3 billion, while Flutterwave’s own release placed the round at $3.2 billion. The companies did not disclose Ripple’s investment amount or the size of the equity stake.
The deal gives Ripple a stronger route into one of the world’s most active cross-border payment regions. Flutterwave already provides payment infrastructure for merchants, enterprises and remittance corridors across Africa, and has processed more than one billion transactions worth more than $50 billion since launch.