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Flutterwave sells stake to Ripple at about $3.2 billion valuation

Ripple said it invested in Flutterwave’s Series E round and plans three technology integrations, including adding RLUSD as a core payment asset on Flutterwave’s network and Send App.

RLUSD

Fact Check
The official Ripple/Flutterwave PR Newswire announcement confirms Ripple made a strategic equity investment in Flutterwave's Series E, with RLUSD integration across the payments network—matching the claim's core facts including the RLUSD push and 34 African markets (confirmed by Businessday and startupfortune). The exact valuation differs slightly: the official release states $3.2 billion, while Bloomberg reports $3.3 billion (citing CEO Agboola) and other outlets report $3.25 billion. The claim's '$3.3 billion' matches Bloomberg's primary reporting and is within the reported range. The deal itself, the RLUSD strategic cooperation, and the 34-market scope are fully corroborated by primary sources, making the overall claim likely true with only minor variance in the cited valuation figure.
Summary

Ripple said it made a strategic investment in Flutterwave in the African payments company’s Series E funding round, which valued Flutterwave at $3.2 billion. The companies are pairing the equity investment with planned technology links, including adding Ripple’s dollar-backed stablecoin RLUSD as a core payment asset on Flutterwave’s payment network and remittance app Send App. The deal deepens Ripple’s push into cross-border payments infrastructure through an established African fintech, where stablecoin-based settlement could help lower transfer costs and speed transactions, though execution across markets can still face regulatory and technical hurdles.

Terms & Concepts
  • RLUSD: Ripple’s dollar-backed stablecoin designed for use in payments.
  • stablecoin: A digital token designed to maintain a stable value, often by being pegged to a fiat currency.
  • remittance app: An application used to send money, typically across borders.