Ripple acquires equity in Flutterwave for $3.3 billion valuation

According to Bloomberg, Ripple has acquired a stake in African fintech company Flutterwave for a valuation of $3.3 billion. Flutterwave CEO Olubenga Agbra confirmed the valuation in an interview, but declined to disclose the specific investment amount and shareholding ratio of Ripple. The investment aims to help Flutterwave accelerate growth through payment business expansion and strategic partnerships.