Flutterwave, a Nigeria-founded payments technology company established in 2016 by Olugbenga “GB” Agboola, Iyinoluwa Aboyeji, and Adeleke Adekoya, has received a strategic investment from Circle Ventures, the venture arm of Circle Internet Group. Financial terms were not disclosed.

Headquartered in San Francisco, US, with major operations in Lagos, Nigeria, Flutterwave will use the investment to embed USDC settlement into its payments infrastructure, allowing merchants to collect payments locally and settle in the dollar-pegged stablecoin with near-instant processing.

The investment, hot on the heels of similar backing of Flutterwave by Ripple, follows the Nigerian fintech’s participation in the launch of the Circle Payments Network in 2025 and strengthens its strategy of positioning stablecoins as core financial infrastructure for cross-border payments across Africa.

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