Flutterwave provides digital payment infrastructure for retail and diaspora investors to fund share subscriptions in the Dangote Petroleum Refinery and Petrochemicals IPO through Chapel Hill Denham’s platform. Investors can pay in naira through Flutterwave channels, including Owo by Mono on WhatsApp; unallocated funds are refunded, and shares are registered directly to investors with the central securities system.
African payments company Flutterwave announces a Series E round valuing it at $3.2 billion, with an equity investment from Ripple. The company does not disclose the round size and says it has raised more than $500 million to date. Ripple will provide infrastructure for Flutterwave to expand its digital-asset offerings; Flutterwave operates in 35 countries across Africa.
Ripple takes part in Flutterwave’s Series E round, which values the African payments company at $3.2 billion. Flutterwave plans to settle international transactions in RLUSD, connect to Ripple Payments, and use the XRP Ledger for cross-border payments, while both companies position stablecoins as a settlement layer for African businesses.
