Flutterwave has said it is leaning on stablecoins as part of its strategy to strengthen payment services and expand global trade corridors which will lead to 2026 profitability.
A key pillar of Flutterwave’s future plans is stablecoins; a digital asset pegged to traditional currencies which is the company’s aim to use for quicker settlement and lower-cost transfers, particularly for businesses importing goods from places like China.
Olugbenga Agboola, CEO of Flutterwave said Flutterwave is building what he describes as the largest stablecoin deployment in Africa, with pilot programs for select enterprise customers beginning in 2025 and a wider rollout expected in 2026.
The move into stablecoins comes as part of Flutterwave’s evolution since its founding in 2016, during which it has raised at least $475 million and partnered with major players such as Visa and Worldpay.
Its platform has processed hundreds of millions of transactions worth billions of dollars and serves hundreds of thousands of businesses, including global brands.
Read also: Flutterwave taps Polygon to reduce cross-border costs for stablecoin payments
Agboola also reiterated that the company is not actively seeking new funding rounds. He emphasised that achieving profitability remains the priority ahead of any potential initial public offering (IPO), which he framed as a milestone rather than a deadline as Flutterwave works to build trust with customers, partners, and regulators.
During a Bloomberg TV interview, Olugbenga Agboola, CEO of Flutterwave said the company has tightened costs and sharpened its focus on margins across enterprise, small business, and consumer products
Activity on Flutterwave’s payments corridor to Asia has increased significantly, with enterprise business up around 50 percent and profit margins nearly doubling.
Some parts of the business are already profitable, and Agboola suggested the entire group could reach profitability in 2026.
Flutterwave, known for its payment infrastructure that helps merchants and companies accept and send payments across Africa, operates in more than 34 African countries, offering solutions across dozens of currencies and methods.
The firm’s consumer-facing products include Send which is a remittance service for cross-border money transfers.
