Flutterwave Appoints Former American Express Executive, Oneal Bhambani as Chief Financial Officer
Oneal joins from American Convey, in which he was Vice President, Chief Fiscal Officer and Head of Funds Marketplaces of Kabbage, 1 of the world’s biggest fintech platforms offering credit history, banking and payments alternatives.
Previously, as CFO of late-stage, pre-IPO Kabbage, Oneal served lead its acquisition and integration in American Categorical.
Oneal’s experience controlling significant-scale functions and money marketplaces will assistance go on Flutterwave’s development, accelerate the company’s expansion, further develop credit rating items and prepare for a opportunity IPO in the upcoming.
Former Kabbage Controller, Rebecca Mendel, and previous Kabbage Head of Treasury and Tax, Daniel Eidson, have also joined the corporation and will report right to Oneal.
Pursuing its Sequence D funding round in February 2022, which valued the corporation at over $3 billion, Flutterwave proceeds to deliver sturdy growth as the African overall economy ever more shifts to electronic payments.
SAN FRANCISCO, June 14, 2022 /PRNewswire/ — Flutterwave, Africa’s main payments technologies business, currently introduced the appointment of OnealBhambani as its new Main Financial Officer. He joins the business from American Convey and Kabbage, in which he managed fintech firms running at scale and aided guide the sale of Kabbage and its integration in just American Express’ International Commercial Expert services section.
Owning not long ago concluded its $250 million in Sequence D funding, valuing the organization at more than $3 billion, Flutterwave is heading via a period of rapid advancement. As Main Monetary officer, Oneal will serve a essential function in enabling the firm’s growth with best-in-class self-control, operational controls and money rigour.
At Kabbage, Oneal was accountable for all of the company’s fiscal operations and features which includes IPO-all set economical and operational controls. Adhering to the American Express acquisition in April 2022, he was the CFO and Head of Funds Marketplaces of Kabbage’s enterprise unit, which offers credit, banking, and payments alternatives to American Express’ industrial prospects.
Prior to and just after the acquisition, Oneal was a crucial stakeholder in cash allocation and led significant strategic initiatives for the company. Before in his occupation, Oneal was a progress-stage investor at The TCW Team (an expense company owned by The Carlyle Team), and Riverwood Cash. He commenced his career in financial commitment banking at UBS.
This interval of development has enabled Flutterwave to additional insert to its Worldwide Finance staff, bringing in executives with a powerful track history in controllership, treasury, and tax. The enterprise employed Rebecca Mendel, previous Kabbage Controller, and Daniel Eidson, previous Kabbage Head of Treasury and Tax. Both equally Rebecca and Daniel will report specifically to Oneal.
Olugbenga ‘GB’ Agboola, Founder and CEO of Flutterwave, explained:
“I am fired up to welcome Oneal to Flutterwave. His monitor history of working finance to enable scale and innovation with shown firm normal monetary controls will support us speed up our expansion as we continue on to satisfy the wants of our increasing worldwide purchaser foundation. I am also looking forward to doing work with Oneal on offer-similar initiatives, presented the quantity of inorganic possibilities we are looking at in today’s industry environment.”
Commenting on his appointment, Oneal Bhambani claimed:
“It is a unusual chance to be part of a higher-scale, de facto current market leader in one particular of the fastest rising marketplaces in the world. I am seeking forward to partnering with Flutterwave’s staff to empower answers for our shoppers in Africa and throughout the globe. I completely expect to use best-in-course tactics uncovered from my tenures at American Categorical and Kabbage.”
Flutterwave is a payments technological know-how corporation that permits enterprises across the planet to grow their functions in Africa and other rising marketplaces by a platform that enables cross-border transactions via a single API. Flutterwave has processed above 200M transactions truly worth in excess of USD $16B to date and serves additional than 900,000 enterprises which includes shoppers like Uber, Flywire, Booking.com, etc. The Company’s key edge is intercontinental payment processing in 150 currencies and many payment modes including area and worldwide cards, mobile
wallets, financial institution transfers, Barter by Flutterwave, and so on. Flutterwave has an infrastructure reach in over 34 African international locations, which includes Nigeria, Uganda, Kenya, and South Africa. For extra facts on Flutterwave’s journey, please visit www.flutterwave.com.
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