Flutterwave has appointed Former American Express Executive, Oneal Bhambani as Chief Financial Officer of the company.
The development is expected to facilitate the company’s expansion with best-in-class discipline, operational controls and financial rigour.
The appointment came following the completion of the company’s $250 million in Series D funding, valuing the company at over $3 billion.
Flutterwave said it is leveraging on the growth the platform is currently witnessing, adding to its global finance team, and bringing in executives with a strong track record in controllership, treasury, and tax.
Notably, the company hired Rebecca Mendel, former Kabbage Controller, and Daniel Eidson, former Kabbage Head of Treasury and Tax. Both of them will report directly to Oneal.
Olugbenga ‘GB’ Agboola, Founder and CEO of Flutterwave, said, “I am excited to welcome Oneal to Flutterwave. His track record of operating finance to enable scale and innovation with listed company standard financial controls will help us accelerate our growth as we continue to meet the needs of our expanding global customer base. I am also looking forward to working with Oneal on deal-related initiatives, given the number of inorganic opportunities we are seeing in today’s market environment.”
Commenting on his appointment, Oneal Bhambani said, “It is a rare opportunity to join a high-scale, de facto market leader in one of the fastest growing markets in the world. I am looking forward to partnering with Flutterwave’s team to enable solutions for our customers in Africa and across the globe. I fully expect to apply best-in-class strategies learned from my tenures at American Express and Kabbage.”