Flutterwave Raises Series E At $3.25B Valuation

BREAKING NEWSJune 19, 2026 at 9:06 AM UTC

TLDR

Flutterwave secures a Series E funding round at a $3.25 billion valuation through an investment from Ripple, enhancing its stablecoin payment capabilities.
Ripple's RLUSD stablecoin and XRP Ledger integration into Flutterwave's system enables seamless money transactions across diverse markets.
The strategic partnership with Ripple is expected to significantly boost Flutterwave's stablecoin transaction volumes by at least 30%.

Flutterwave raised a Series E round at a $3.25 billion valuation after receiving an equity investment from Ripple, the US blockchain payments company.

The size of Ripple’s investment was not disclosed. Flutterwave founder and Chief Executive Officer Olugbenga Agboola said the investment was a cash primary round, meaning the funds went to the company’s balance sheet and no existing shares were sold.

The deal deepens Flutterwave’s move into stablecoin payments. Ripple’s RLUSD stablecoin and XRP Ledger will be integrated into Flutterwave’s infrastructure, allowing merchants and consumers to send, hold and convert money using stablecoins across markets where Flutterwave operates.

Agboola said Flutterwave chose Ripple because of its technology, regulatory credibility and ability to support faster and cheaper cross-border settlement. He said the partnership could lift Flutterwave’s stablecoin volumes by at least 30%.

Flutterwave’s new valuation is slightly above the $3 billion valuation it reached in 2022 after a $250 million Series D round. Since then, the company has expanded its licences, acquired a Nigerian microfinance banking licence, bought open-banking startup Mono and added several stablecoin partners, including Circle, Polygon, Turnkey, Nuvion and Tempo.

Key Takeaways

Ripple’s investment shows how stablecoins are becoming part of mainstream African payment infrastructure. Flutterwave already has merchant relationships, regulatory coverage and payment rails across African markets. Ripple brings a dollar-backed stablecoin, settlement technology and blockchain payment expertise. Together, the companies are betting that stablecoins can solve real problems in cross-border trade, remittances and business payments, where settlement can be slow, costly and exposed to currency friction. The deal also shows Flutterwave’s shift from a payments processor into a broader financial platform with banking, wallets, open banking, merchant tools and stablecoin balances. But the modest valuation increase also matters. It suggests investors are still cautious, even with Flutterwave’s scale and licence wins. The next test is execution. Flutterwave must prove that stablecoin settlement can grow volumes, reduce costs and meet local regulatory rules across many markets. If it works, the company could capture a larger share of Africa’s cross-border flows while giving merchants more ways to hold and move value.

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