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Tuesday, September 6, 2022

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

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Having not too long ago accomplished its $250 million in Sequence D funding, valuing the corporate at over $3 billion, Flutterwave goes by way of a interval of speedy 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 liable for the entire firm’s monetary operations and features together with IPO-ready monetary and operational controls. Following the American Categorical 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 Categorical’ industrial prospects.

Earlier than and after the acquisition, Oneal was a key stakeholder in capital allocation and led essential 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 International Finance group, bringing in executives with a powerful observe 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, mentioned:

“I’m excited to welcome Oneal to Flutterwave. His observe 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 wanting ahead to working with Oneal on deal-related initiatives, given the variety of inorganic alternatives we’re seeing in at the moment’s market atmosphere.”

Commenting on his appointment, Oneal Bhambani mentioned:

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

About Flutterwave

Flutterwave is a funds expertise firm that allows companies the world over to increase their operations in Africa and different rising markets by way of a platform that allows cross-border transactions through one API. Flutterwave has processed over 200M transactions price over USD $16B so far and serves greater than 900,000 companies together with prospects like Uber, Flywire, Reserving.com, and so on. 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 on. 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

SOURCE Flutterwave

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