Flutterwave appoints former American Categorical govt, Oneal Bhambani as CFO

Oneal joins from American Categorical, the place he was Vice President, Chief Monetary Officer and head of Capital Markets of Kabbage, one of many world’s largest fintech platforms providing credit score, banking and paymentssolutions.

Beforehand, as CFO of late-stage, pre-IPO Kabbage, Oneal helped leadits acquisition and integration inside American Categorical. Oneal’s expertise managing large-scale operations and capitalmarkets will assist proceed Flutterwave’s development, speed up the corporate’s growth, additional develop credit score merchandise and put together fora potential IPO sooner or later.

Former Kabbage Controller, Rebecca Mendel, and former Kabbage Head of Treasury and Tax, Daniel Eidson, have additionally joined the companyand will report on to Oneal. Following its Sequence D funding spherical in February 2022, which valued the corporate at over $3 billion, Flutterwave continues to ship sturdy development because the African financial system more and more shifts to digital funds.

Earlier than and after the acquisition, Oneal was a key stake holder in capital allocation and led essential strategic initiatives for the enterprise. Earlier in his profession, Oneal was a growth-stage investor at The TCW Group (an funding agency owned by The Carlyle Group), and Riverwood Capital. He started his profession in funding banking at UBS. This era of development has enabled Flutterwave to additional add to its World Finance group, bringing in executives with a robust monitor file in controllership, treasury, and tax. The corporate employed Rebecca Mendel, former Kabbage Controller, and Daniel Eidson, former Kabbage head of Treasury and Tax. Each Rebecca and Daniel will report on to Oneal.

Olugbenga ‘GB’ Agboola, Founder and CEO of Flutterwave, stated: “I’m excited to welcome Oneal to Flutterwave. His monitor file of working finance to allow scale and innovation with listed firm normal monetary controls will assist us speed up our development as we proceed to satisfy the wants of our increasing world buyer base. I’m additionally wanting ahead to working with Oneal on deal-related initiatives, given the variety of inorganic alternatives we’re seeing in at this time’s market setting.”

Commenting on his appointment, Oneal Bhambani stated: “It’s a uncommon alternative to hitch a high-scale, de facto market chief in one of many quickest rising markets on the planet. I’m wanting ahead to partnering with Flutterwave’s group to allow options for our prospects in Africa and throughout the globe. I absolutely count on to use best-in-class methods discovered from my tenures at American Categorical and Kabbage.”

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