Ripple backs Flutterwave with undisclosed funding as Africa’s stablecoin battle intensifies

Businessday | 17-06-2026 12:45am |

Ripple has made a strategic investment in Flutterwave, a prominent payment technology company in Africa, although the exact amount of funding has not been disclosed. This investment comes at a time when competition in the stablecoin-powered payments sector across the continent is intensifying. Flutterwave, which facilitates cross-border transactions for businesses, aims to leverage this funding to enhance its services and expand its market presence. The partnership signals Ripple's commitment to supporting innovative financial solutions in Africa's evolving digital economy.

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