Flutterwave Appoints Former American Express Executive, Oneal Bhambani as Chief Financial Officer
Oneal joins from American Express, wherever he was Vice President, Chief Financial Officer and Head of Funds Markets of Kabbage, a single of the world’s most significant fintech platforms giving credit history, banking and payments methods.
Previously, as CFO of late-stage, pre-IPO Kabbage, Oneal served direct its acquisition and integration in American Categorical.
Oneal’s expertise controlling massive-scale operations and money markets will aid continue on Flutterwave’s advancement, accelerate the company’s growth, further acquire credit score merchandise and get ready for a likely IPO in the upcoming.
Previous Kabbage Controller, Rebecca Mendel, and former Kabbage Head of Treasury and Tax, Daniel Eidson, have also joined the organization and will report right to Oneal.
Following its Series D funding spherical in February 2022, which valued the organization at around $3 billion, Flutterwave proceeds to supply sturdy expansion as the African financial system more and more shifts to digital payments.
SAN FRANCISCO, June 14, 2022 /PRNewswire/ — Flutterwave, Africa’s top payments know-how business, nowadays announced the appointment of OnealBhambani as its new Main Financial Officer. He joins the firm from American Categorical and Kabbage, the place he managed fintech organizations operating at scale and assisted lead the sale of Kabbage and its integration inside American Express’ World Commercial Expert services section.
Acquiring recently concluded its $250 million in Sequence D funding, valuing the corporation at in excess of $3 billion, Flutterwave is going via a period of speedy development. As Chief Economic officer, Oneal will provide a key purpose in enabling the company’s growth with very best-in-course self-discipline, operational controls and monetary rigour.
At Kabbage, Oneal was responsible for all of the company’s monetary functions and capabilities such as IPO-completely ready economic and operational controls. Adhering to the American Categorical acquisition in April 2022, he was the CFO and Head of Cash Marketplaces of Kabbage’s business enterprise unit, which presents credit rating, banking, and payments answers to American Express’ industrial customers.
Just before and following the acquisition, Oneal was a key stakeholder in funds allocation and led significant strategic initiatives for the company. Earlier in his profession, Oneal was a growth-phase trader at The TCW Team (an expenditure firm owned by The Carlyle Group), and Riverwood Capital. He began his career in investment banking at UBS.
This period of time of expansion has enabled Flutterwave to even more insert to its Global Finance crew, bringing in executives with a sturdy keep track of report in controllership, treasury, and tax. The firm hired Rebecca Mendel, previous Kabbage Controller, and Daniel Eidson, previous Kabbage Head of Treasury and Tax. Equally Rebecca and Daniel will report specifically to Oneal.
Olugbenga ‘GB’ Agboola, Founder and CEO of Flutterwave, reported:
“I am fired up to welcome Oneal to Flutterwave. His monitor history of working finance to permit scale and innovation with mentioned organization normal monetary controls will assist us accelerate our expansion as we carry on to meet the wants of our expanding world-wide customer base. I am also wanting forward to performing with Oneal on offer-associated initiatives, supplied the quantity of inorganic chances we are viewing in present-day market environment.”
Commenting on his appointment, Oneal Bhambani reported:
“It is a rare prospect to sign up for a significant-scale, de facto current market leader in just one of the quickest growing markets in the planet. I am searching ahead to partnering with Flutterwave’s crew to enable alternatives for our consumers in Africa and across the globe. I absolutely expect to apply most effective-in-course strategies discovered from my tenures at American Express and Kabbage.”
Flutterwave is a payments know-how company that permits organizations throughout the entire world to grow their functions in Africa and other rising markets by way of a platform that permits cross-border transactions by way of a person API. Flutterwave has processed above 200M transactions well worth over USD $16B to day and serves additional than 900,000 companies including buyers like Uber, Flywire, Reserving.com, etcetera. The Company’s crucial gain is worldwide payment processing in 150 currencies and various payment modes such as area and worldwide playing cards, cellular
wallets, financial institution transfers, Barter by Flutterwave, and so forth. Flutterwave has an infrastructure access in more than 34 African international locations, including Nigeria, Uganda, Kenya, and South Africa. For far more information on Flutterwave’s journey, remember to pay a visit to www.flutterwave.com.
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