Flutterwave Drives Fintech Innovation with Strategic Acquisitions and Stablecoin Wallet Launch Across Africa
Lagos, Nigeria — Flutterwave, Africa’s leading payments technology company, has continued to make impactful moves in early 2026 that reinforce its role in expanding financial infrastructure, boosting cross-border commerce, and enabling digital currency adoption across the continent.
🤝 Flutterwave Acquires Nigerian Open Banking Startup Mono
In a major strategic transaction announced in January 2026, Flutterwave acquired Mono — a Nigerian open banking infrastructure provider — in an all-stock deal valued between $25 million and $40 million.
The acquisition will allow Flutterwave to integrate API-driven financial data access, identity verification, and account-to-account payment capabilities into its payments ecosystem, expanding its product suite and strengthening interoperability between banks, fintechs, and digital services.
Mono will continue to operate independently, maintaining its leadership and innovation pace while contributing its technology to Flutterwave’s broader platform — a move that reflects a new era of fintech consolidation and deepens Africa’s financial technology infrastructure.
💰 Launch of Stablecoin Balances for Merchants and Users
In a complementary advancement, Flutterwave has launched stablecoin balance support across its platform through a partnership with Nuvion and Turnkey, providing secure and flexible digital currency solutions for merchants and users across Africa.
Stablecoin balances — such as USDC and other regulated tokens — are now integrated into Flutterwave’s services to enable low-cost, fast, and verifiable cross-border payments, giving African businesses and entrepreneurs the ability to interact with global customers in near real-time with reduced transaction costs.
According to Nkem Abuah, Lead of Global Emerging Payment Partnerships at Flutterwave, this stablecoin infrastructure is a core pillar of the company’s financial ecosystem strategy, designed to foster broader digital currency adoption and support smoother international trade and remittances.
🧠 Why This Matters for Nigeria and African Fintech
- Strengthening Financial Infrastructure: By acquiring Mono, Flutterwave adds essential open banking capabilities — a foundational element for future-ready digital services like smarter lending, seamless onboarding, and improved fraud prevention.
- Driving Digital Currency Adoption: The introduction of stablecoin balances promotes faster and more affordable cross-border trade, benefiting merchants, SMEs, and international business operations.
- Boosting Continental Integration: These strategic moves position Flutterwave at the heart of Africa’s transition toward interoperable financial systems, where digital payments and decentralized finance technologies work together to support economic growth.
