Ripple targets Africa’s remittance market with Flutterwave investment

Written by Sam Bourgistaff writerReviewed by Robert Lakinstaff editorWritten by Sam Bourgistaff writerReviewed by Robert Lakinstaff editorRipple targets Africa’s remittance market with Flutterwave investmentLatest NewsPublishedJun 16, 2026Ripple’s investment in Flutterwave will bring RLUSD, Ripple Payments and XRPL to one of Africa’s largest fintechs as blockchain remittances gain traction. Blockchain payments company Ripple has acquired an equity stake in African fintech giant Flutterwave, deepening its push into one of the world's fastest-growing cross-border payments markets.Flutterwave CEO Olugbenga Agboola said the undisclosed investment values the company at $3.3 billion, according to Bloomberg. The deal gives Ripple exposure to Africa’s expanding payments ecosystem while providing Flutterwave with additional resources to scale its financial infrastructure.The investment makes Ripple a shareholder rather than an owner or commercial partner. Flutterwave operates in 35 African countries and has recently expanded its digital asset offerings by integrating stablecoin payment services.As part of the deal, Flutterwave will integrate Ripple’s RLUSD stablecoin, Ripple Payments and the XRP Ledger to make cross-border transactions faster and more cost-effective.Source: FlutterwaveThe deal is the latest step in Ripple’s broader strategy to expand its blockchain-based payments network across Africa, where demand for faster and lower-cost international transfers continues to grow. Last October, Ripple partnered with South Africa’s Absa Bank to provide digital asset custody solutions to institutional clients.Related: Bybit Pay enters South Africa through MoneyBadger integrationStablecoins gain traction in Africa's remittance marketAfrica has emerged as a key growth market for digital asset payments, driven largely by the continent’s sizable remittance flows and demand for lower-cost cross-border transfers.A September 2025 Chainalysis report found that crypto adoption in …

Ripple targets Africa’s remittance market with Flutterwave investment

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