Having recently completed its $250m in Series D funding, valuing the company at over $3bn, Flutterwave is going through a period of rapid growth. As chief financial officer, Bhambani will serve a key function in enabling the company’s expansion with best-in-class discipline, operational controls and financial rigour.
At Kabbage, Bhambani was responsible for all of the company’s financial operations and functions including IPO-ready financial and operational controls. Following the American Express acquisition in April 2022, he was the chief financial officer and head of capital markets of Kabbage’s business unit, which provides credit-, banking-, and payments solutions to American Express’ commercial customers.
This period of growth has enabled Flutterwave to further add to its global finance team, bringing in executives with a strong track record in controllership, treasury, and tax. The company hired Rebecca Mendel, former Kabbage controller, and Daniel Eidson, former Kabbage head of treasury and tax. Both Rebecca and Daniel will report directly to Bhambani.
"I am also looking forward to working with Oneal on deal-related initiatives, given the number of inorganic opportunities we are seeing in today’s market environment.”
Commenting on his appointment, Bhambani said: “It is a rare opportunity to join a high-scale, de facto market leader in one of the fastest growing markets in the world.
"I am looking forward to partnering with Flutterwave’s team to enable solutions for our customers in Africa and across the globe. I fully expect to apply best-in-class strategies learned from my tenures at American Express and Kabbage.”