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

Oneal joins from American Express, where he was Vice President, Chief Monetary Officer and Head of Capital Marketplaces of Kabbage, a person of the world’s premier fintech platforms presenting credit history, banking and payments solutions.
Formerly, as CFO of late-stage, pre-IPO Kabbage, Oneal helped guide its acquisition and integration inside American Convey.
Oneal’s working experience running huge-scale operations and funds marketplaces will aid keep on Flutterwave’s advancement, speed up the company’s expansion, further more create credit rating products and solutions and prepare for a probable IPO in the long run.
Former Kabbage Controller, Rebecca Mendel, and previous Kabbage Head of Treasury and Tax, Daniel Eidson, have also joined the enterprise and will report directly to Oneal.
Next its Collection D funding round in February 2022, which valued the firm at above $3 billion, Flutterwave continues to produce sturdy expansion as the African economy more and more shifts to digital payments.

SAN FRANCISCO, June 14, 2022 /PRNewswire/ — Flutterwave, Africa’s main payments technologies enterprise, right now announced the appointment of OnealBhambani as its new Main Monetary Officer. He joins the corporation from American Express and Kabbage, in which he managed fintech enterprises functioning at scale and assisted direct the sale of Kabbage and its integration within American Express’ International Industrial Expert services section.

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

Acquiring not too long ago done its $250 million in Sequence D funding, valuing the corporation at over $3 billion, Flutterwave is heading through a interval of immediate advancement. As Chief Money officer, Oneal will serve a vital functionality in enabling the firm’s growth with very best-in-class self-discipline, operational controls and fiscal rigour.

At Kabbage, Oneal was accountable for all of the company’s economic functions and capabilities like IPO-all set monetary and operational controls. Following the American Convey acquisition in April 2022, he was the CFO and Head of Money Markets of Kabbage’s company device, which supplies credit rating, banking, and payments solutions to American Express’ commercial prospects.

Right before and after the acquisition, Oneal was a crucial stakeholder in money allocation and led vital strategic initiatives for the business enterprise. Previously in his profession, Oneal was a advancement-phase trader at The TCW Group (an investment decision agency owned by The Carlyle Team), and Riverwood Capital. He started his occupation in expense banking at UBS.

This interval of expansion has enabled Flutterwave to even more add to its Worldwide Finance staff, bringing in executives with a potent track file in controllership, treasury, and tax. The organization hired Rebecca Mendel, previous Kabbage Controller, and Daniel Eidson, former Kabbage Head of Treasury and Tax. Both equally 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 keep track of history of operating finance to permit scale and innovation with shown business standard monetary controls will assist us speed up our expansion as we carry on to meet up with the wants of our growing international client foundation. I am also on the lookout forward to functioning with Oneal on deal-related initiatives, provided the selection of inorganic options we are seeing in present day sector setting.”

Commenting on his appointment, Oneal Bhambani explained:

“It is a rare chance to be a part of a superior-scale, de facto industry chief in one particular of the swiftest rising marketplaces in the planet. I am looking forward to partnering with Flutterwave’s team to enable solutions for our clients in Africa and throughout the world. I thoroughly count on to implement most effective-in-class strategies acquired from my tenures at American Specific and Kabbage.”

About Flutterwave

Flutterwave is a payments technologies business that enables firms throughout the planet to increase their operations in Africa and other emerging marketplaces by way of a system that enables cross-border transactions through one API. Flutterwave has processed over 200M transactions well worth more than USD $16B to day and serves far more than 900,000 enterprises including buyers like Uber, Flywire, Booking.com, and so on. The Firm’s crucial benefit is intercontinental payment processing in 150 currencies and several payment modes which include local and intercontinental playing cards, mobile

wallets, financial institution transfers, Barter by Flutterwave, and so forth. Flutterwave has an infrastructure arrive at in more than 34 African international locations, such as Nigeria, Uganda, Kenya, and South Africa. For much more facts on Flutterwave’s journey, you should go to www.flutterwave.com.

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