Flutterwave secures Circle Ventures investment for USDC payment expansion
Nigerian payments company Flutterwave has received an investment from Circle Ventures to support its integration of USDC settlement into existing business payment flows.
Nigerian fintech firm Flutterwave has secured an investment from Circle Ventures, the corporate venture arm of Circle Internet Group. The funding will support Flutterwave's initiative to embed USDC settlement directly into the payment flows that businesses currently utilize.
Founded in 2016, Flutterwave provides payment technology and infrastructure for Africa, aiming to connect individuals and businesses to the global economy. The company has processed over $40 billion in payments and facilitated more than one billion transactions to date. Last month, Flutterwave announced it had raised Series E funding that valued the company at $3.2 billion.
The investment from Circle Ventures aligns with Flutterwave's strategy to establish stablecoins as critical financial infrastructure, facilitating fast and reliable settlements across Africa. By supporting USDC settlement with a compliance-focused framework, Flutterwave enables blockchain-based payments that adhere to existing regulatory requirements and enterprise operating standards.
"This support from Circle Ventures is about backing the rails that will power the next era of global money movement from Africa. Stablecoins like USDC are no longer an experiment; they are becoming core financial infrastructure," said Flutterwave founder and CEO Olugbenga "GB" Agboola. "By embedding USDC settlement into our current payments infrastructure, we are building a system that lets businesses move money at the speed of the internet."