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

Oneal joins from American Convey, the place he was Vice President, Main Money Officer and Head of Funds Marketplaces of Kabbage, just one of the world’s largest fintech platforms supplying credit history, banking and payments answers.
Formerly, as CFO of late-phase, pre-IPO Kabbage, Oneal assisted direct its acquisition and integration inside of American Specific.
Oneal’s working experience handling substantial-scale operations and funds markets will assistance proceed Flutterwave’s growth, speed up the company’s growth, more establish credit rating solutions and get ready for a possible IPO in the potential.
Former Kabbage Controller, Rebecca Mendel, and previous Kabbage Head of Treasury and Tax, Daniel Eidson, have also joined the organization and will report instantly to Oneal.
Adhering to its Series D funding round in February 2022, which valued the corporation at more than $3 billion, Flutterwave proceeds to deliver robust progress as the African financial state ever more shifts to electronic payments.

SAN FRANCISCO, June 14, 2022 /PRNewswire/ — Flutterwave, Africa’s main payments technological know-how firm, nowadays declared the appointment of OnealBhambani as its new Chief Economic Officer. He joins the company from American Convey and Kabbage, wherever he managed fintech firms working at scale and aided lead the sale of Kabbage and its integration within American Express’ World-wide Professional Services segment.

Oneal Bhambani, newly appointed CFO for Flutterwave. — Oneal Bhambani, freshly appointed CFO for Flutterwave.

Having recently concluded its $250 million in Collection D funding, valuing the enterprise at above $3 billion, Flutterwave is going by a period of time of immediate development. As Chief Money officer, Oneal will serve a key perform in enabling the company’s expansion with most effective-in-course discipline, operational controls and monetary rigour.

At Kabbage, Oneal was dependable for all of the company’s economical operations and functions which includes IPO-all set fiscal and operational controls. Adhering to the American Express acquisition in April 2022, he was the CFO and Head of Funds Marketplaces of Kabbage’s business unit, which gives credit rating, banking, and payments methods to American Express’ professional prospects.

In advance of and right after the acquisition, Oneal was a important stakeholder in funds allocation and led vital strategic initiatives for the business enterprise. Earlier in his profession, Oneal was a growth-phase trader at The TCW Team (an financial commitment organization owned by The Carlyle Group), and Riverwood Money. He started his profession in expense banking at UBS.

This time period of expansion has enabled Flutterwave to more incorporate to its World Finance staff, bringing in executives with a solid track record in controllership, treasury, and tax. The company employed Rebecca Mendel, previous Kabbage Controller, and Daniel Eidson, former Kabbage Head of Treasury and Tax. The two Rebecca and Daniel will report straight to Oneal.

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

“I am thrilled to welcome Oneal to Flutterwave. His monitor document of operating finance to empower scale and innovation with outlined firm standard money controls will enable us accelerate our development as we carry on to fulfill the requires of our increasing global client base. I am also hunting ahead to functioning with Oneal on deal-similar initiatives, given the variety of inorganic options we are observing in today’s current market atmosphere.”

Commenting on his appointment, Oneal Bhambani said:

“It is a exceptional opportunity to be part of a high-scale, de facto market place chief in 1 of the quickest expanding markets in the planet. I am on the lookout ahead to partnering with Flutterwave’s workforce to permit remedies for our customers in Africa and across the globe. I entirely anticipate to apply most effective-in-class techniques realized from my tenures at American Specific and Kabbage.”

About Flutterwave

Flutterwave is a payments engineering business that enables enterprises throughout the planet to increase their operations in Africa and other emerging markets via a system that allows cross-border transactions by using one particular API. Flutterwave has processed about 200M transactions truly worth over USD $16B to date and serves additional than 900,000 firms including customers like Uber, Flywire, Booking.com, and so forth. The Company’s essential edge is international payment processing in 150 currencies and numerous payment modes including regional and international cards, cell

wallets, bank transfers, Barter by Flutterwave, and so on. Flutterwave has an infrastructure attain in over 34 African nations, such as Nigeria, Uganda, Kenya, and South Africa. For much more information on Flutterwave’s journey, you should take a look at www.flutterwave.com.

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