Flutterwave
Coverage of Flutterwave in the Nexus archive.
- Africa's funding reset leaves early-stage tech founders behind
Africa's early-stage tech startups are experiencing reduced venture capital funding as investors prioritize later-stage companies with proven revenue and scale. This shift has led to fewer deals and larger average investments, with firms like Silverbacks Holdings and 4Di Capital focusing on growth-stage ventures to meet exit and return targets.
- Flutterwave Wins Circle Backing to Push Stablecoins in Africa
Flutterwave has secured investment from Circle Ventures to integrate USDC stablecoin settlement across Africa, marking its second initiative involving dollar-token rails in recent weeks.
- Flutterwave aims to become Africa’s go-to fintech firm
Flutterwave, a Nigeria-founded fintech firm operating in 35 African countries, aims to expand through acquisitions and integrate Ripple's stablecoin to become Africa's primary fintech platform. The company secured a $3.25 billion valuation after an investment round including Ripple and has acquired Mono, a Nigerian startup, to enhance its consumer financial data offerings.
- Ripple buys into Flutterwave Series E at $3.2 billion valuation, backs RLUSD integration
Ripple has invested in Flutterwave's $3.2 billion Series E funding round. The investment includes integrating RLUSD and XRP Ledger across 34 African markets.