Flutterwave has announced a strategic investment as part of its Series E funding round, marking another significant step in the company’s long-term vision for digital payments across Africa. The announcement also includes a deeper partnership focused on integrating RLUSD, Ripple’s USD-denominated stablecoin, alongside Ripple’s payments infrastructure and the XRP Ledger into Flutterwave’s payment ecosystem.

The move reflects a broader trend across global fintech: stablecoins are increasingly being viewed not as experimental technology, but as practical infrastructure for moving money faster and more efficiently across borders.

Building a Stablecoin-First Payments Infrastructure

For Flutterwave, this announcement is less about launching a new product and more about advancing a roadmap that has been developing over several years. The company has gradually expanded its capabilities in cross-border settlements, remittances, and digital asset infrastructure.

By integrating RLUSD into its payment rails and remittance products, Flutterwave aims to create a more streamlined settlement process for businesses operating across multiple markets. The partnership also plans to leverage the XRP Ledger for transaction clearing and connect Flutterwave’s network with Ripple Payments through a unified API layer.

The objective is straightforward: reduce friction in cross-border transactions while improving settlement speed, liquidity, and predictability.

Why This Matters for African Businesses

Cross-border payments remain one of the most persistent challenges for businesses operating across Africa. Settlement delays, foreign exchange costs, and fragmented payment systems can create operational complexity for companies trying to serve customers in multiple markets.

Flutterwave believes stablecoin-enabled infrastructure can help address some of these challenges by providing faster settlement and more consistent access to liquidity.

If successful, the partnership could strengthen the payment infrastructure available to African businesses while creating new opportunities for companies engaging in international trade and commerce.

A Signal of Market Maturity

The investment also highlights growing institutional confidence in digital asset infrastructure when paired with established payment networks. Rather than positioning stablecoins as an alternative to traditional finance, the partnership focuses on integrating digital assets into existing payment flows.

With more than $500 million raised to date and over $50 billion in transaction value processed, Flutterwave is continuing to invest in infrastructure designed to support the next phase of digital commerce across Africa.

Key Takeaways

• Flutterwave received a strategic investment as part of its Series E funding round.
  
  
• The company plans to integrate RLUSD, Ripple Payments, and the XRP Ledger into its payment infrastructure.
  
  
• The partnership is focused on improving cross-border settlement speed, liquidity, and efficiency.
  
  
• Stablecoins are becoming an increasingly important part of enterprise payment strategies.
  
  
• The initiative reinforces Africa’s growing role in the evolution of global digital payments.

As payment infrastructure evolves, fintech companies face new strategic decisions around digital assets, cross-border payments, partnerships, and regulatory readiness. We can help with that. Reach out.

Monument Technology, the technology subsidiary of Monument Bank, has secured more than £18 million in seed funding, significantly exceeding its original £10 million target. The raise marks another milestone for the company as it expands its Banking-Platform-as-a-Service (BPaaS) offering and prepares for its next phase of growth.

The company was spun out from Monument Bank in 2023 with a clear objective: make the bank’s technology infrastructure available to other financial institutions. Rather than building and operating their own banking technology stacks, firms can use Monument Technology’s white-label platform to launch and manage banking products more efficiently.

Turning Banking Infrastructure into a Product

Monument Technology’s platform enables financial institutions to offer products such as deposits, savings accounts, lending, and mortgages through a single integrated solution. The platform also connects with third-party providers including Mambu and Salesforce, bringing together core banking capabilities, payments, and customer-facing channels.

This approach reflects a broader trend across financial services. As customer expectations rise and digital transformation remains a priority, many institutions are looking for ways to modernise without undertaking large-scale technology rebuilds. Infrastructure providers are increasingly stepping in to fill that gap.

For Monument Technology, the opportunity lies not only in providing technology but also in helping financial institutions reduce implementation complexity and accelerate time to market.

Growth Plans Already Underway

The newly raised capital will be used to support domestic and international expansion, further platform development, and faster implementation timelines for clients. The company has also indicated that new payments and current account capabilities are in development.

Alongside the funding announcement, Monument Technology highlighted recent commercial progress. During the fundraising process, it completed the migration of its first client, Ecology Building Society. Castle Trust Bank has also signed with the provider, with implementation expected to be completed by early 2027.

Perhaps most notably, the company has already started its Series A fundraising process and says commitments have been secured at a higher share price and valuation.

For a business that only became an independent technology company three years ago, the latest funding round suggests investors see continued potential in banking infrastructure as a service.

Key Takeaways

• Monument Technology raised more than £18 million in seed funding, surpassing its £10 million target.
  
  
• The company was spun out of Monument Bank in 2023 to commercialise its banking technology platform.
  
  
• Its BPaaS platform supports deposits, savings, lending, and mortgage products.
  
  
• The new funding will support expansion, platform development, and faster client implementations.
  
  
• Monument Technology has already begun its Series A fundraising process.

Building great financial technology is only part of the challenge. Communicating your value proposition, attracting partners, and scaling efficiently are equally important. Reach out if you need help.