Payments startup Flutterwave hits $3.2B valuation, backed by Ripple

Flutterwave raises Series E, valued at $3.2 billion

• The African payments‑infrastructure firm announced a Series E round that brings its valuation to $3.2 billion (source: TechCrunch).
• Ripple made an equity investment in the round, aiming to expand both companies’ digital‑asset services across Africa.
• Flutterwave has now raised over $500 million in total funding (source: TechCrunch).
• The company operates in 35 African countries and has focused on API unification to simplify cross‑border payments.
• Recent strategic moves include acquiring the Nigerian banking‑tech startup Mono and launching stable‑coin‑based cross‑border payments with Polygon Labs (source: TechCrunch).