Flutterwave operates a payments infrastructure network that processes payments for businesses across Africa and has handled over a billion transactions worth more than US$50 billion. The company has previously raised over US$500 million in funding and is now undertaking a Series E round valued at $3.2 billion. Flutterwave’s roadmap emphasizes a 'stablecoin-first' payment architecture, embedding RLUSD into its core ecosystem and using the XRP Ledger for faster settlement. It plans to unify traditional fiat methods (cards, mobile wallets, bank transfers) with stablecoin settlement via a single API to reduce frictions in cross-border payments. The company positions these product developments to expand remittance corridors, improve liquidity and pricing predictability, and scale services for SMEs and global enterprises operating in Africa. With the strategic partnership and capital from Ripple, Flutterwave aims to accelerate infrastructure scaling and the adoption of digital asset-enabled settlement across the continent.

Total raised

$475M

Funding rounds

8

Latest round

Series D

Latest activity

Feb 2022