Flutterwave, africatv.com/kenya-what-dangotes-new-refinery-means-for-east-africa/” title=”Kenya: What Dangote's new refinery means for East Africa”>Africa’s leading payments technology company, today announced a strategic investment from Circle Ventures, the corporate venture arm of Circle Internet Group, Inc. (Circle) (NYSE:CRCL). This follows Flutterwave’s participation in the launch of Circle Payments Network in 2025.
This investment supports Flutterwave’s effort to embed USDC settlement directly into the
payment flows businesses already use today. Merchants can collect locally and settle in USDC,
reducing delays and costs while enabling near-instant settlement beyond traditional banking
hours.
At the core of this investment is Flutterwave’s strategy to position stablecoins as critical financial
infrastructure to provide reliable and fast settlements in Africa. By supporting USDC settlement
within a compliance-first framework, Flutterwave enables blockchain-based payments that align
with existing regulatory requirements and enterprise operating standards.
Commenting, Olugbenga “GB” Agboola, Founder and CEO of Flutterwave, said: “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. 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.
This fundamentally changes how payments from Africa connect to the world and it
positions Flutterwave as the default stablecoin gateway for the continent.”
Global stablecoin circulation currently exceeds $300 billion, with Africa emerging as one of the
fastest-growing regions for its adoption. By expanding its platform into a multi-rail payment
system that includes fiat, cards, bank transfers and stablecoins, Flutterwave is enabling
businesses to choose the fastest, cheapest and most reliable settlement option for their needs
