Ripple Backs Flutterwave Series E to Drive African Stablecoin Payments

The collaboration marks a definitive shift in Flutterwave’s long-term strategy, moving toward a stablecoin-first architecture designed to bypass the traditional frictions of African financial markets. By embedding RLUSD into its payment rails and Send App remittance corridors, the company intends to replace multi-day delays and high foreign exchange margins with real-time settlement and predictable pricing.

Reece Merrick, Managing Director for MEA at Ripple, noted that the investment will establish RLUSD as a primary settlement asset for high-volume channels. Flutterwave CEO Olugbenga Agboola described the alliance as a catalyst for regional financial sovereignty, connecting local commerce directly to the global digital economy. With over $500 million raised to date and more than $50 billion in processed transactions, Flutterwave plans to use this capital to scale its infrastructure and expand its unified API, bridging domestic networks with Ripple’s global payment systems.