Nigeria’s Flutterwave Appoints New CFO
Flutterwave, a Nigeria-based African funds know-how firm, immediately introduced the appointment of Oneal Bhambani as its new chief monetary officer.
He joins the corporate from American Specific and Kabbage, the place he managed fintech companies working at scale and helped lead the sale of Kabbage and its integration inside American Specific’ World Business Providers section.
Having just lately accomplished its $250 million in Collection D funding, valuing the corporate at over $3 billion, Flutterwave goes by a interval of speedy progress.
As its new CFO, Oneal will serve a key perform in enabling the corporate’s enlargement with best-in-class self-discipline, operational controls, and monetary rigour.
At Kabbage, Oneal was accountable for all the firm’s monetary operations and capabilities together with IPO-ready monetary and operational controls.
Following the American Specific acquisition in April 2022, he was the CFO and Head of Capital Markets of Kabbage’s enterprise unit, which gives credit score, banking, and funds options to American Specific’ industrial clients.
Earlier than and after the acquisition, Oneal was a key stakeholder in capital allocation and led crucial 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 progress has enabled Flutterwave to additional add to its World Finance crew, bringing in executives with a powerful monitor document in controllership, treasury, and tax. The corporate employed Rebecca Mendel, former Kabbage Controller, and Daniel Eidson, former Kabbage Head of Treasury and Tax. Each Mendel and Eidson will now report on to Oneal.
“I’m excited to welcome Oneal to Flutterwave. His monitor document of working finance to allow scale and innovation with listed firm commonplace monetary controls will assist us speed up our progress as we proceed to satisfy the wants of our increasing world buyer base,” says Olugbenga ‘GB’ Agboola, Founder and CEO of Flutterwave.
“I’m wanting ahead to partnering with Flutterwave’s crew to allow options for our clients in Africa and throughout the globe. I absolutely count on to use best-in-class methods discovered from my tenures at American Specific and Kabbage,” mentioned Bhambani, commenting on his new appointment.