Ripple Invests in Flutterwave, Valued at $3.2 Billion

African payments infrastructure company Flutterwave has reached a valuation of $3.2 billion after securing a Series E funding round.

The investment, led by Ripple, a blockchain-based payments technology firm, aims to expand financial services across the African continent.

Ripple's involvement is part of a broader strategy to help both companies overcome challenges in cross-border payments on the continent, such as fragmented banking systems and strict foreign exchange policies.