Payments startup Flutterwave hits $3.2B valuation, backed by Ripple
Key takeaways
- The conference discussions span the fintech ecosystem such as crowdfunding, online lending, cryptocurrencies, cybersecurity, generative artificial intelligence and open banking.
- 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.
Payments startup Flutterwave hits $3.2B valuation, backed by Ripple Dominic-Madori Davis Tue, June 16, 2026 at 10:35 PM GMT+7 1 min read XRP-USD Olugbenga Agboola, chief executive officer of Flutterwave, speaks during the DC Fin Tech Week event in Washington, DC, US, on Tuesday, Nov. 7, 2023. The conference discussions span the fintech ecosystem such as crowdfunding, online lending, cryptocurrencies, cybersecurity, generative artificial intelligence and open banking. Photographer: Ting Shen/Bloomberg via Getty Images | Image Credits:Getty Images African payments infrastructure company Flutterwave announced Tuesday a Series E round that values the company at $3.2 billion. This round, notably, includes an equity investment from payments blockchain company Ripple.
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. Cross-border payments, the industry in which Flutterwave primarily operates, remain challenging in Africa due to fragmented banking systems, strict foreign exchange policies, currency volatility, and the routing of transactions through European cities like London, which causes delays.