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Wednesday, June 29, 2022

Flutterwave Appoints Former American Express Executive, Oneal Bhambani as Chief Financial Officer

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  • Oneal joins from American Specific, the place he was Vice President, Chief Monetary Officer and Head of Capital Markets of Kabbage, one of many world’s largest fintech platforms providing credit score, banking and funds options.

  • Beforehand, as CFO of late-stage, pre-IPO Kabbage, Oneal helped lead its acquisition and integration inside American Specific.

  • Oneal’s expertise managing large-scale operations and capital markets will assist proceed Flutterwave’s development, speed up the corporate’s growth, additional develop credit score merchandise and put together for a possible IPO sooner or later.

  • Former Kabbage Controller, Rebecca Mendel, and former Kabbage Head of Treasury and Tax, Daniel Eidson, have additionally joined the corporate and can report on to Oneal.

  • Following its Collection D funding spherical in February 2022, which valued the corporate at over $3 billion, Flutterwave continues to ship sturdy development because the African financial system more and more shifts to digital funds.

SAN FRANCISCO, June 14, 2022 /PRNewswire/ — Flutterwave, Africa’s main funds expertise firm, at this time introduced the appointment of OnealBhambani as its new Chief Monetary Officer. He joins the corporate from American Specific and Kabbage, the place he managed fintech companies working at scale and helped lead the sale of Kabbage and its integration inside American Specific’ World Business Providers section.

Oneal Bhambani, newly appointed CFO for Flutterwave.

Having just lately accomplished its $250 million in Collection D funding, valuing the corporate at over $3 billion, Flutterwave goes by a interval of fast development. As Chief Monetary officer, Oneal will serve a key perform in enabling the corporate’s growth with best-in-class self-discipline, operational controls and monetary rigour.

At Kabbage, Oneal was chargeable for the entire firm’s monetary operations and features together with IPO-ready monetary and operational controls. Following the American Specific acquisition in April 2022, he was the CFO and Head of Capital Markets of Kabbage’s enterprise unit, which supplies credit score, banking, and funds options to American Specific’ business clients.

Earlier than and after the acquisition, Oneal was a key stakeholder in capital allocation and led important strategic initiatives for the enterprise. Earlier in his profession, Oneal was a growth-stage investor at The TCW Group (an funding agency owned by The Carlyle Group), and Riverwood Capital. He started his profession in funding banking at UBS.

This era of development has enabled Flutterwave to additional add to its World Finance workforce, bringing in executives with a powerful monitor document in controllership, treasury, and tax. The corporate employed Rebecca Mendel, former Kabbage Controller, and Daniel Eidson, former Kabbage Head of Treasury and Tax. Each Rebecca and Daniel will report on to Oneal.

Olugbenga ‘GB’ Agboola, Founder and CEO of Flutterwave, stated:

“I’m excited to welcome Oneal to Flutterwave. His monitor document of working finance to allow scale and innovation with listed firm normal monetary controls will assist us speed up our development as we proceed to fulfill the wants of our increasing international 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 at this time’s market setting.”

Commenting on his appointment, Oneal Bhambani stated:

“It’s a uncommon alternative to affix a high-scale, de facto market chief in one of many quickest rising markets on this planet. I’m trying ahead to partnering with Flutterwave’s workforce to allow options for our clients in Africa and throughout the globe. I absolutely anticipate to use best-in-class methods realized from my tenures at American Specific and Kabbage.”

About Flutterwave

Flutterwave is a funds expertise firm that allows companies internationally to broaden their operations in Africa and different rising markets by a platform that allows cross-border transactions by way of one API. Flutterwave has processed over 200M transactions price over USD $16B so far and serves greater than 900,000 companies together with clients like Uber, Flywire, Reserving.com, and so forth. The Firm’s key benefit is worldwide fee processing in 150 currencies and a number of fee modes together with native and worldwide playing cards, cell

wallets, financial institution transfers, Barter by Flutterwave, and so forth. Flutterwave has an infrastructure attain in over 34 African international locations, together with Nigeria, Uganda, Kenya, and South Africa. For extra info on Flutterwave’s journey, please go to www.flutterwave.com.

Picture – https://mma.prnewswire.com/media/1839704/Flutterwave_Oneal_Bhambani_CFO.jpg

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SOURCE Flutterwave

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