Ripple Takes Equity Stake in Flutterwave, Deploys RLUSD on $50B Payment Rails

According to Flutterwave CEO Olugbenga Agboola, Ripple has acquired an equity stake in Flutterwave through a Series E funding round valuing the African payments company at $3.2 billion to $3.3 billion. Flutterwave has processed over one billion transactions totaling more than $50 billion in aggregate value across 35 African nations.

The partnership aims to integrate Ripple's RLUSD stablecoin directly into Flutterwave's payment ecosystem, enabling cross-border transactions using digital dollars and reducing reliance on traditional correspondent banking. Nigeria has been identified as the initial strategic market for RLUSD deployment. RLUSD's circulation has grown more than 20% year-to-date, reaching $1.6 billion in current supply.