VC
Flutterwave hits $3.2B valuation with Ripple as new investor and partner
Tags Fintech · Africa · Blockchain
TechCrunch·
African payments infrastructure company Flutterwave has reached a $3.2 billion valuation after a new funding round that brought blockchain company Ripple in as both an investor and strategic partner. Flutterwave, which operates across 30+ African countries, processes billions of dollars in payments volume annually. The Ripple partnership suggests Flutterwave is eyeing blockchain-based settlement for cross-border African payments.
Technical significance
Flutterwave's $3.2B valuation and Ripple partnership signal growing institutional confidence in African fintech infrastructure. The combination of traditional payment processing with blockchain settlement could reduce cross-border payment costs within Africa by 50-80%.