Flutterwave Appoints Former American Express Executive, Oneal Bhambani as Chief Financial Officer
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Oneal joins from American Express, the place he was Vice President, Chief Financial Officer and Head of Funds Marketplaces of Kabbage, a person of the world’s biggest fintech platforms featuring credit rating, banking and payments solutions.
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Beforehand, as CFO of late-phase, pre-IPO Kabbage, Oneal served direct its acquisition and integration inside of American Convey.
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Oneal’s practical experience taking care of substantial-scale operations and cash markets will enable proceed Flutterwave’s progress, accelerate the firm’s expansion, even further establish credit rating solutions and prepare for a prospective IPO in the foreseeable future.
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Previous Kabbage Controller, Rebecca Mendel, and previous Kabbage Head of Treasury and Tax, Daniel Eidson, have also joined the organization and will report specifically to Oneal.
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Adhering to its Collection D funding round in February 2022, which valued the business at above $3 billion, Flutterwave carries on to deliver potent expansion as the African financial state progressively shifts to electronic payments.
SAN FRANCISCO, June 14, 2022 /PRNewswire/ — Flutterwave, Africa’s top payments engineering firm, right now introduced the appointment of OnealBhambani as its new Main Money Officer. He joins the business from American Categorical and Kabbage, in which he managed fintech enterprises running at scale and aided lead the sale of Kabbage and its integration within American Express’ Global Industrial Products and services phase.
Owning not too long ago finished its $250 million in Series D funding, valuing the enterprise at over $3 billion, Flutterwave is going through a interval of rapid progress. As Main Monetary officer, Oneal will serve a vital functionality in enabling the company’s enlargement with ideal-in-course willpower, operational controls and monetary rigour.
At Kabbage, Oneal was liable for all of the firm’s financial operations and capabilities such as IPO-completely ready economic and operational controls. Adhering to the American Specific acquisition in April 2022, he was the CFO and Head of Funds Marketplaces of Kabbage’s small business device, which gives credit rating, banking, and payments solutions to American Express’ commercial consumers.
Just before and after the acquisition, Oneal was a key stakeholder in cash allocation and led critical strategic initiatives for the organization. Previously in his career, Oneal was a growth-stage investor at The TCW Team (an investment company owned by The Carlyle Group), and Riverwood Cash. He commenced his profession in expenditure banking at UBS.
This period of time of expansion has enabled Flutterwave to further add to its International Finance team, bringing in executives with a strong monitor report in controllership, treasury, and tax. The company employed Rebecca Mendel, previous Kabbage Controller, and Daniel Eidson, previous Kabbage Head of Treasury and Tax. Each Rebecca and Daniel will report immediately to Oneal.
Olugbenga ‘GB’ Agboola, Founder and CEO of Flutterwave, stated:
“I am thrilled to welcome Oneal to Flutterwave. His keep track of report of working finance to help scale and innovation with listed firm typical economic controls will support us speed up our development as we continue to satisfy the requires of our increasing world wide purchaser foundation. I am also looking forward to doing the job with Oneal on offer-linked initiatives, offered the quantity of inorganic prospects we are observing in today’s sector natural environment.”
Commenting on his appointment, Oneal Bhambani claimed:
“It is a scarce chance to be a part of a significant-scale, de facto industry leader in just one of the fastest increasing marketplaces in the globe. I am hunting forward to partnering with Flutterwave’s team to permit solutions for our prospects in Africa and across the world. I fully hope to utilize most effective-in-course methods discovered from my tenures at American Categorical and Kabbage.”
About Flutterwave
Flutterwave is a payments technologies business that enables corporations across the earth to increase their operations in Africa and other rising markets by way of a platform that enables cross-border transactions via one API. Flutterwave has processed around 200M transactions worthy of above USD $16B to day and serves much more than 900,000 organizations such as customers like Uber, Flywire, Booking.com, and so forth. The Firm’s critical advantage is intercontinental payment processing in 150 currencies and several payment modes such as community and global cards, cellular
wallets, financial institution transfers, Barter by Flutterwave, and so on. Flutterwave has an infrastructure access in about 34 African nations around the world, which includes Nigeria, Uganda, Kenya, and South Africa. For far more facts on Flutterwave’s journey, you should stop by www.flutterwave.com.
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