Payments startup Flutterwave is valued at $3.2 billion, backed by Ripple

African payments infrastructure company Flutterwave Announced Tuesday A Series E round values ​​the company at $3.2 billion. This round includes, in particular, an equity investment from payments company Ripple.

The company did not disclose 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 the two companies expand financial services on the African continent. Cross-border payments, the industry in which Flutterwave primarily operates, remains a challenge in Africa due to fragmented banking systems, strict foreign exchange policies, currency fluctuations, and routing transactions through European cities like London, causing delays.

However, progress is being made with companies like Flutterwave offering solutions in API standardization, which points to helping Africa function as a single market. Earlier this year, fintech did too Bought African banking Startup Mono to adopt its API technology. In October 2025, We have provided stablecoin solutions The companies are partnering with Polygon Labs, which will allow transactions to bypass traditional banking systems for, the companies say, a more stable, faster and cheaper way to send money.

With this latest deal, Ripple will provide Flutterwave with the infrastructure to expand its digital asset offerings. This also applies to Ripple, as it looks to expand its presence in Africa. Flutterwave operates in 35 countries across the continent.