Flutterwave Appoints Former American Express Executive, Oneal Bhambani as Chief Financial Officer
Oneal joins from American Specific, the place he was Vice President, Main Financial Officer and Head of Capital Markets of Kabbage, one of the world’s most significant fintech platforms supplying credit history, banking and payments options.
Formerly, as CFO of late-phase, pre-IPO Kabbage, Oneal helped direct its acquisition and integration within American Categorical.
Oneal’s experience running big-scale functions and cash markets will assistance go on Flutterwave’s growth, speed up the firm’s growth, further more produce credit products and put together for a likely IPO in the long run.
Former Kabbage Controller, Rebecca Mendel, and former Kabbage Head of Treasury and Tax, Daniel Eidson, have also joined the enterprise and will report specifically to Oneal.
Adhering to its Series D funding spherical in February 2022, which valued the business at above $3 billion, Flutterwave continues to produce potent progress as the African overall economy more and more shifts to digital payments.
SAN FRANCISCO, June 14, 2022 /PRNewswire/ — Flutterwave, Africa’s top payments engineering corporation, now announced the appointment of OnealBhambani as its new Chief Monetary Officer. He joins the firm from American Convey and Kabbage, wherever he managed fintech firms working at scale and assisted guide the sale of Kabbage and its integration inside of American Express’ World Professional Services segment.
Owning just lately finished its $250 million in Sequence D funding, valuing the company at around $3 billion, Flutterwave is likely via a period of time of swift advancement. As Main Fiscal officer, Oneal will provide a key functionality in enabling the company’s growth with finest-in-course self-control, operational controls and monetary rigour.
At Kabbage, Oneal was liable for all of the firm’s financial functions and functions including IPO-all set monetary and operational controls. Following the American Categorical acquisition in April 2022, he was the CFO and Head of Money Marketplaces of Kabbage’s organization device, which presents credit history, banking, and payments solutions to American Express’ business prospects.
In advance of and soon after the acquisition, Oneal was a key stakeholder in funds allocation and led significant strategic initiatives for the business enterprise. Previously in his occupation, Oneal was a expansion-phase trader at The TCW Team (an expense company owned by The Carlyle Team), and Riverwood Funds. He started his vocation in financial investment banking at UBS.
This time period of growth has enabled Flutterwave to further more add to its World Finance workforce, bringing in executives with a strong keep track of document in controllership, treasury, and tax. The organization hired Rebecca Mendel, former Kabbage Controller, and Daniel Eidson, former Kabbage Head of Treasury and Tax. Each Rebecca and Daniel will report right to Oneal.
Olugbenga ‘GB’ Agboola, Founder and CEO of Flutterwave, claimed:
“I am enthusiastic to welcome Oneal to Flutterwave. His observe document of operating finance to enable scale and innovation with shown enterprise standard money controls will enable us accelerate our advancement as we go on to meet up with the demands of our expanding world wide customer foundation. I am also searching forward to working with Oneal on deal-linked initiatives, specified the selection of inorganic opportunities we are seeing in present day marketplace environment.”
Commenting on his appointment, Oneal Bhambani said:
“It is a rare possibility to sign up for a higher-scale, de facto current market chief in 1 of the swiftest escalating markets in the planet. I am seeking ahead to partnering with Flutterwave’s staff to allow solutions for our shoppers in Africa and across the world. I entirely anticipate to apply best-in-course approaches figured out from my tenures at American Categorical and Kabbage.”
Flutterwave is a payments technologies company that enables enterprises across the entire world to develop their operations in Africa and other emerging marketplaces as a result of a platform that allows cross-border transactions by using one API. Flutterwave has processed above 200M transactions well worth above USD $16B to date and serves far more than 900,000 enterprises like shoppers like Uber, Flywire, Booking.com, etc. The Company’s key edge is worldwide payment processing in 150 currencies and several payment modes including area and international cards, mobile
wallets, bank transfers, Barter by Flutterwave, and so on. Flutterwave has an infrastructure get to in around 34 African nations around the world, such as Nigeria, Uganda, Kenya, and South Africa. For much more info on Flutterwave’s journey, be sure to go to www.flutterwave.com.
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