Flutterwave appoints former American Express exec as new CFO

Nigerian paytech firm Flutterwave introduced that it has appointed Oneal Bhambani as its new chief monetary officer (CFO).

Flutterwave’s new CFO Oneal Bhambani

Bhambani joins Flutterwave from American Specific, the place he served as vice chairman, CFO and head of capital markets of Kabbage, a fintech platform providing credit score, banking and funds options.

In his earlier function at Kabbage, Bhambani helped lead its sale to American Express in 2020 and subsequent integration.

The appointment follows Flutterwave’s Series D funding round in February 2022, when it raised $250 million at a valuation of greater than $3 billion.

Within the new function, Flutterwave says Bhambani will assist in the corporate’s growth with “best-in-class self-discipline, operational controls and monetary rigour”.

Commenting on the Bhambani’s appointment, Olugbenga Agboola, founder and CEO of Flutterwave, says, “His monitor report of working finance to allow scale and innovation with listed firm commonplace monetary controls will assist us speed up our progress as we proceed to satisfy the wants of our increasing world buyer base.

“I’m additionally trying ahead to working with Oneal on deal-related initiatives, given the variety of inorganic alternatives we’re seeing in immediately’s market setting.”

The African paytech agency additionally employed Rebecca Mendel, former Kabbage controller, and Daniel Eidson, former Kabbage head of treasury and tax, each of whom will report on to Bhambani.

Flutterwave permits companies internationally to increase their operations in Africa and different rising markets by a platform that allows cross-border transactions through one API.

Since its inception in 2016, Flutterwave claims to have processed over 200 million transactions value over $16 billion throughout 34 African international locations.