Olugbenga Agboola's Flutterwave takes Circle investment to expand USDC settlement in Africa
Flutterwave secured a strategic investment from Circle Ventures to embed USDC settlement into its payments network across 34 African markets.
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Flutterwave secured a strategic investment from Circle Ventures to embed USDC settlement into its payments network across 34 African markets.
Ripple has taken an equity stake in Flutterwave as part of a Series E funding round that values the African payments company at $3.3 billion.
Flutterwave CEO Olugbenga Agboola joined a $22 million round for Terra Industries, a Nigerian defense tech startup expanding into high risk Sahel markets.
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Flutterwave CEO GB Agboola says the fintech is nearing profitability, betting on stablecoins and trade corridors after raising at least $475 million.
With this license, Flutterwave is positioned to help businesses in Senegal scale by offering its full range of seamless digital payment services.
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The move builds on Flutterwave’s aggressive expansion strategy, which has seen it secure multiple licenses across Africa.
This comes as Flutterwave continues to emphasize that its long-awaited initial public offering (IPO) will only happen once the company becomes profitable.
Agboola emphasized that the IPO’s timing isn’t just about being ready from an operational standpoint, but about delivering real, long-term value to its stakeholders.
Under the leadership of Agboola, Flutterwave continues its mission to connect Africa to the world and vice versa by simplifying payments.
As a security precaution, Flutterwave will notify some customers to migrate their accounts and is urging all customers to enable multifactor authentication, 3D security, and IP whitelisting.