African payments giant Flutterwave has appointed Mitesh Popat as chief financial officer (CFO) nine months after former CFO Oneal Bhambani left the company.
Popat held executive positions at Citi including CFO for Middle East and Africa and Global Equities Sales and Trading. He will oversee Flutterwaves corporate finance functions.
With two decades of experience in global financial services across different markets, Popat will be instrumental in driving Flutterwaves next phase of growth and financial sustainability, the company said in a statement.
I have a deep understanding of the operating environment in Africa and complexity of operating an emerging market business and I plan to bring my experience in growing Flutterwave, while optimising our business model for sustained profitability, Popat said.
The ex-Citi CFO replaces Bhambani who resigned just 18 months after joining the fintech startup. In March 2024, Flutterwaves chief operating officer, Bode Abifarin left the company after six years of leading its operations. These high-profit exits had raised questions about the companys much-talked-about IPO plans.
