Ripple Invests in African Fintech Flutterwave, Valuation Reaches $3.2B on June 16

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According to Flutterwave, Ripple made a strategic investment in the African payments infrastructure company on June 16, as part of Flutterwave's Series E funding round. The investment values Flutterwave at $3.2 billion.

Ripple's USD-based stablecoin RLUSD will be integrated into Flutterwave's payment network and Send app, while the companies will collaborate on XRPL blockchain-powered transaction processing and develop unified API solutions connecting Flutterwave's domestic network with Ripple Payments for cross-border remittances.

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