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Flutterwave has secured a strategic equity investment from blockchain payments company Ripple, raising its valuation to $3.3 billionThe partnership aims to improve cross-border payments in Africa by combining Flutterwave’s fintech network with Ripple’s payment infrastructureFlutterwave plans to use the investment to expand its enterprise payments business and grow its microfinance banking operations
Legit.ng journalist Victor Enengedi has over a decade’s experience covering energy, MSMEs, technology, banking and the economy.
Flutterwave, one of Africa’s leading fintech companies, has attracted a strategic investment from blockchain payments firm Ripple, a deal that strengthens the startup’s expansion ambitions and boosts its valuation to $3.3 billion.
The investment marks a significant milestone for the Lagos-founded payments company, which was previously valued at over $3 billion during its last major funding round in 2022.
Flutterwave Secures Ripple Investment, Boosts Valuation to $3.3 Billion for Cross-Border ExpansionSource: UGC
While Flutterwave Chief Executive Officer, Olugbenga Agboola, confirmed the deal, he did
