African payments infrastructure company Flutterwave announced on tuesday The Series E round values the company at $3.2 billion. The round, notably, includes an equity investment from payments blockchain company Ripple.
The company did not disclose the size of the round, although Flutterwave says it has raised more than $500 million in funding to date.
Ripple’s stake is part of a plan to help both companies expand financial services on the African continent. Cross-border payments, the industry in which Flutterwave primarily operates, remains challenging in Africa due to fragmented banking systems, strict foreign exchange policies, currency instability and the routing of transactions through European cities such as London, which leads to delays.
However, progress is being made, with companies like Flutterwave offering solutions in API integration meant to help Africa work as a market. Earlier this year, fintech also bought african banking Startup Mono will adopt its API technology. And in October 2025, It introduced stablecoin solutions For businesses, the partnership with Polygon Labs will let transactions bypass traditional banking systems, creating, the companies say, a more stable, faster and cheaper way to send money.
With this latest deal, Ripple will provide the infrastructure for Flutterwave to expand its digital asset offering. This also works for Ripple as it looks to expand its presence in Africa. Flutterwave operates in 35 countries across the continent.
