Flutterwave Valued at $3.2B: Ripple Invests to Expand Digital Services in Africa

Friends, sharing fintech news: Flutterwave announced a Series E valuing it at $3.2B, with an investment from Ripple.

- Flutterwave confirmed Ripple holds a stake in the round; the amount was not disclosed. The company has raised over $500M to date.
- Ripple will provide infrastructure to scale digital assets and payment services across the continent.
- Flutterwave operates in 35 countries, previously acquired Mono and launched stablecoin solutions with Polygon Labs.

Why it matters: the deal accelerates blockchain integration into African payments and could reduce transfer times and costs.

How will this affect local payment ecosystems?
#fintech #payments #Africa #blockchain