Ripple Invests in African Fintech Flutterwave, Valuation Reaches $3.3 Billion

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Release Time: 06/16/2026 11:42:31

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Summary

Ripple’s partnership announcement with African fintech Flutterwave has pushed the company’s valuation to $3.3 billion, according to Odaily. The investment aims to drive ecosystem growth through expanded payment operations and strategic collaboration across 35 African countries. Flutterwave CEO Olugbenga Agboola confirmed the move, though financial details remain undisclosed. The partnership announcement marks a key step in Ripple’s global outreach.

Odaily Planet Daily reports: African fintech company Flutterwave has sold a portion of its equity to blockchain company Ripple, resulting in a company valuation of $3.3 billion.

Flutterwave CEO Olugbenga Agboola said the partnership aims to accelerate the company's growth through payment business expansion and strategic collaboration, without disclosing Ripple's investment amount or equity stake. Flutterwave currently operates in 35 African countries. (Bloomberg)

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