Ripple Takes Stake in Flutterwave as Stablecoin Payments Push Expands Across Africa

Ripple Takes Stake in Flutterwave as Stablecoin Payments Push Expands Across Africa Ripple Takes Stake in Flutterwave as Stablecoin Payments Push Expands Across Africa CryptoProwl Tue, June 16, 2026 at 4:24 PM GMT+2 2 min read XRP-USD RLUSD XRP RLUSD-USD Ripple (CRYPTO: $XRP) has taken an equity stake in Flutterwave, deepening its push into African payments as stablecoins move from crypto markets into business settlement. Ripple joined Flutterwave’s Series E round at a valuation slightly above $3 billion, adding a strategic crypto payments backer to one of Africa’s most valuable private fintech companies. Bloomberg reported the valuation at $3.

3 billion, while Flutterwave’s own release placed the round at $3. 2 billion. The companies did not disclose Ripple’s investment amount or the size of the equity stake.

The deal gives Ripple a stronger route into one of the world’s most active cross-border payment regions. Flutterwave already provides payment infrastructure for merchants, enterprises and remittance corridors across Africa, and has processed more than one billion transactions worth more than $50 billion since launch. More From Cryptoprowl: Ripple, The Company Behind XRP, Is Valued At $50 Billion Eightco Secures $125 Million Investment From Bitmine And ARK Invest, Shares Surge Blockchain Projects Decline 75% As Developers Shift To A.

I. Stanley Druckenmiller Says Stablecoins Could Reshape Global Finance New York Stock Exchange Invests $600 Million In Polymarket The partnership is built around integrating Ripple’s RLUSD (CRYPTO: $RLUSD) stablecoin, Ripple Payments and the XRP Ledger into Flutterwave’s payment infrastructure. Flutterwave said its stablecoin tools are already live with select merchants and are being tested across parts of its Send App experience.

For Ripple, the stake gives its stablecoin and blockchain payments stack a clearer path into African commerce, while adding another institutional backer for Flutterwave as the company builds beyond payments into a broader financial operating system. The timing also follows a busy stretch for Flutterwave’s digital asset strategy. Earlier this month, the company announced a partnership with Tempo to support stablecoin-powered payments and settlements across Africa, adding another blockchain rail to its payments network.

For Ripple, the stake extends a broader expansion beyond XRP into stablecoins, payments, custody and institutional infrastructure. RLUSD has become a bigger part of that pitch as regulated payment firms look for faster settlement and cheaper cross-border liquidity. The test now is whether the partnership turns stablecoin settlement from a product announcement into recurring payment flow across African corridors.

XRP (CRYPTO: XRP) is currently trading at $1. 23 U. S.

per digital token.