Ripple Backs Flutterwave Series E to Boost African Stablecoin Payments

This partnership formalizes a multi-year roadmap for Flutterwave, which has systematically moved toward a stablecoin-first architecture. By embedding Ripple’s USD-denominated stablecoin, RLUSD, directly into its payment rails and Send App remittance corridors, the company intends to provide businesses with predictable pricing and real-time settlement. The integration also leverages the XRP Ledger for transaction clearing, effectively bridging Flutterwave’s domestic network with Ripple’s global payments infrastructure.

For African enterprises, the collaboration aims to remove the historical hurdles of multi-day delays and high foreign exchange margins. By merging traditional fiat methods—such as mobile wallets and local cards—with enterprise blockchain, the firms are creating a financial superhighway designed to connect African commerce more directly to global markets. Reece Merrick, Managing Director for MEA at Ripple, noted that the investment positions Flutterwave to act as a primary settlement layer for real-world payments across the continent.

Flutterwave founder and CEO Olugbenga Agboola stated that the capital will accelerate the company’s infrastructure scaling, reinforcing Nigeria’s role as a hub for digital asset trade. Having processed over $50 billion in transactions to date, the firm is now focusing on providing SMEs with the liquidity necessary to participate in the global digital economy without the constraints of legacy financial systems.