Flutterwave has secured a strategic investment from Circle Ventures as the African payments technology company moves to expand USDC payments and settlement across the continent.
In a statement, Flutterwave said the investment will support its plan to embed USDC settlement directly into existing payment flows used by businesses, allowing merchants to collect payments locally and settle in USDC.
The company noted that the model is expected to reduce delays and transaction costs while enabling near-instant settlement beyond traditional banking hours.
Circle Ventures is the corporate venture arm of Circle Internet Group, Inc., the company behind USDC. The investment follows Flutterwave’s participation in the launch of the Circle Payments Network in 2025.
According to Flutterwave, the move forms part of its broader strategy to position stablecoins as critical financial infrastructure for faster and more reliable settlements in Africa.
The company stated that by supporting USDC settlement within a compliance-first framework, it is enabling blockchain-based payments that align with regulatory requirements and enterprise operating standards.
Flutterwave Founder and Chief Executive Officer Olugbenga “GB” Agboola said the investment would strengthen payment rails for businesses operating across Africa and beyond.
“This support from Circle Ventures is about backing the rails that will power the next era of global money movement from Africa,” Agboola stated.
He added that stablecoins such as USDC were increasingly becoming core financial infrastructure rather than an experiment.
“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,” he said.
Agboola further noted that the development would change how payments from Africa connect to the rest of the world, positioning Flutterwave as a major stablecoin gateway for the continent.
Flutterwave also highlighted that global stablecoin circulation currently exceeds USD 300 billion, with Africa emerging as one of the fastest-growing regions for adoption.
The company said expanding its platform into a multi-rail payment system covering fiat, cards, bank transfers and stablecoins would give businesses more flexibility in choosing settlement options based on speed, cost and reliability.
Flutterwave, which operates in 34 African countries, says it has processed over one billion transactions valued at more than USD 50 billion.
The firm serves global and African customers across different sectors, including Uber, Air Peace, Bamboo and PiggyVest. Its services include local and cross-border payments through one Application Programming Interface, as well as remittance services through Send App by Flutterwave.
The latest investment comes as African businesses increasingly seek faster and cheaper cross-border payment options amid growing demand for digital payments, remittances and international trade settlement.
