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Ripple has taken a stake in the African fintech company Flutterwave, which is valued at approximately $3.3 billion
Svmuu News: African fintech company Flutterwave has sold a portion of its equity to blockchain company Ripple, bringing the company’s post-transaction valuation to $3.3 billion. Flutterwave CEO Olugebenga Agbola stated that the partnership aims to accelerate the company’s growth through expansion of its payment business and strategic collaborations, but did not disclose the amount of Ripple’s investment or its stake in the company. Flutterwave currently operates in 35 African countries. (Bloomberg)
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