Oneal joins from American Express, where he was Vice President, Chief Fiscal Officer and Head of Money Markets of Kabbage, just one of the world’s major fintech platforms providing credit rating, banking and payments alternatives.
Previously, as CFO of late-stage, pre-IPO Kabbage, Oneal served guide its acquisition and integration within just American Categorical.
Oneal’s working experience managing massive-scale functions and funds marketplaces will assistance carry on Flutterwave’s growth, speed up the firm’s growth, more produce credit products and get ready for a potential IPO in the potential.
Former Kabbage Controller, Rebecca Mendel, and former Kabbage Head of Treasury and Tax, Daniel Eidson, have also joined the company and will report instantly to Oneal.
Adhering to its Sequence D funding spherical in February 2022, which valued the company at above $3 billion, Flutterwave proceeds to provide solid growth as the African economy progressively shifts to electronic payments.
SAN FRANCISCO, June 14, 2022 /PRNewswire/ — Flutterwave, Africa’s major payments technology organization, these days declared the appointment of OnealBhambani as its new Chief Financial Officer. He joins the enterprise from American Convey and Kabbage, wherever he managed fintech firms working at scale and assisted guide the sale of Kabbage and its integration inside American Express’ World-wide Professional Companies segment.
Possessing just lately accomplished its $250 million in Series D funding, valuing the business at above $3 billion, Flutterwave is likely by means of a time period of speedy growth. As Main Money officer, Oneal will serve a essential function in enabling the company’s growth with most effective-in-class willpower, operational controls and fiscal rigour.
At Kabbage, Oneal was dependable for all of the company’s fiscal operations and features such as IPO-completely ready economic and operational controls. Next the American Express acquisition in April 2022, he was the CFO and Head of Cash Markets of Kabbage’s small business unit, which gives credit history, banking, and payments solutions to American Express’ industrial shoppers.
Before and just after the acquisition, Oneal was a essential stakeholder in funds allocation and led vital strategic initiatives for the company. Earlier in his profession, Oneal was a advancement-phase investor at The TCW Group (an investment decision business owned by The Carlyle Team), and Riverwood Cash. He commenced his occupation in financial commitment banking at UBS.
This time period of advancement has enabled Flutterwave to additional include to its International Finance team, bringing in executives with a powerful keep track of file in controllership, treasury, and tax. The company employed Rebecca Mendel, previous Kabbage Controller, and Daniel Eidson, former Kabbage Head of Treasury and Tax. Each Rebecca and Daniel will report straight to Oneal.
Olugbenga ‘GB’ Agboola, Founder and CEO of Flutterwave, mentioned:
“I am excited to welcome Oneal to Flutterwave. His monitor file of functioning finance to permit scale and innovation with shown company conventional money controls will help us accelerate our progress as we go on to satisfy the demands of our growing world-wide buyer base. I am also on the lookout ahead to doing the job with Oneal on deal-similar initiatives, presented the amount of inorganic options we are seeing in today’s market environment.”
Commenting on his appointment, Oneal Bhambani claimed:
“It is a rare option to join a large-scale, de facto market chief in a single of the quickest increasing marketplaces in the planet. I am wanting forward to partnering with Flutterwave’s group to help solutions for our customers in Africa and throughout the world. I absolutely be expecting to implement most effective-in-class techniques uncovered from my tenures at American Categorical and Kabbage.”
Flutterwave is a payments know-how organization that allows corporations throughout the world to expand their operations in Africa and other emerging marketplaces by means of a platform that permits cross-border transactions through one API. Flutterwave has processed around 200M transactions worthy of above USD $16B to date and serves far more than 900,000 companies which include prospects like Uber, Flywire, Scheduling.com, etc. The Company’s crucial gain is international payment processing in 150 currencies and a number of payment modes such as regional and international playing cards, cellular
wallets, bank transfers, Barter by Flutterwave, etcetera. Flutterwave has an infrastructure achieve in more than 34 African nations, including Nigeria, Uganda, Kenya, and South Africa. For extra facts on Flutterwave’s journey, remember to visit www.flutterwave.com.
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