African payments infrastructure company Flutterwave has announced a Series E funding round that values the business at approximately US$3.2 billion, with blockchain payments firm Ripple among the new investors.
While Flutterwave did not disclose the amount raised in the latest round, the company said it has now secured more than US$500 million in funding since its inception.
Ripple’s investment forms part of a broader collaboration aimed at expanding access to financial services across Africa.
The partnership comes at a time when cross-border payments on the continent continue to face significant hurdles, including fragmented banking networks, stringent foreign exchange regulations, currency volatility and the frequent routing of transactions through European financial centres such as London, which can result in delays.
Flutterwave has been working to address these challenges by developing technologies that help unify payment systems across African markets.
Earlier this year, the company acquired African banking start-up Mono to strengthen its application programming interface (API) capabilities and support greater financial interoperability across the continent.
In October 2025, Flutterwave also partnered with Polygon Labs to introduce stablecoin-based payment solutions for businesses. The initiative enables transactions to bypass traditional banking channels, offering what the companies describe as a faster, more affordable and more reliable means of moving money across borders.
Under the latest agreement, Ripple will provide the infrastructure needed to support Flutterwave’s expansion into digital asset services. The deal also strengthens Ripple’s ambitions to grow its footprint in Africa, where Flutterwave currently operates in 35 countries.
