This partnership marks the definitive next phase of Flutterwave's long-term stablecoin strategy, seamlessly connecting its existing cross-border settlement capabilities with enterprise-grade digital liquidity. By anchoring this infrastructure in the heart of the continent, Flutterwave is empowering African businesses to bypass legacy frictions, ultimately bolstering Nigeria's role as the primary hub for global digital asset trade and driving sustained economic resilience across the African continent. The investment is a part of Flutterwave's Series E fundraising, which values the company at $3.2 billion, reflecting deep institutional alignment with the company's strong financial fundamentals and long-term value proposition.

Flutterwave was founded in May 2016 by a team of African ex-bankers, engineers and entrepreneurs. Flutterwave's award-winning payments infrastructure for banks and businesses helps to drive their growth across Africa. In just over a year since its launch, Flutterwave's technology has been responsible for processing over $1.2 billion dollars across 10 million transactions. Headquartered in San Francisco with offices in Lagos, Nairobi, Accra, Johannesburg, the company is eliminating barriers to the digital economy for African consumers and businesses.