Woofun AI reports that Ripple has acquired a stake in the African financial technology firm Flutterwave, establishing a valuation of $3.3 billion for the company. Olugbenga Agboola, CEO of Flutterwave, confirmed the transaction's valuation but declined to disclose the precise investment amount or the percentage of equity acquired by Ripple.

This strategic investment is designed to accelerate Flutterwave's growth trajectory, specifically targeting the expansion of its payment services and the development of key strategic partnerships within the region.