Loading...

Flutterwave expands executive team, welcoming talent from Cash App, PayPal, and Binance.US

Flutterwave Expands Executive Team, Welcoming Talent from Cash App, PayPal, and Binance.US

Most read

Loading Most Ready posts..

TL;DR

  • Flutterwave, an African fintech company, has recently hired six new executives from notable financial firms like Cash App, PayPal, and Binance.US, following the departure of three finance executives in November.
  • The new hires, with over 100 years of collective experience, include Amaresh Mohan from Citibank and PayPal, Steven Huynh with experience at Binance.US and Wyre, and other notable industry veterans.

Flutterwave, a leading African fintech company, has appointed six new executives. These individuals, recruited from prominent financial firms such as Binance.US, Cash App, PayPal, and Western Union, bring a wealth of experience. This announcement follows the departure of three senior finance executives in November. CEO Gbenga Agboola emphasized the value of these appointments in driving sustainable growth for the company.

Profiles of the new leadership

The new team members at Flutterwave boast a collective experience spanning over a century in the financial sector. Amaresh Mohan, appointed as the first Risk Officer, has an impressive background with Citibank and Bank of America and leadership roles at Stripe and PayPal. 

Steven Huynh, joining as VP of Global Expansion & Payment Partnerships, brings about two decades of experience, including tenures at Binance.US and the recently shuttered Wyre. Stephen Cheng, another significant hire, has taken on the role of executive vice president of Global Expansion and Payment Partnerships.

Amanda Ortega, previously a regulator with the State of Wyoming’s Division of Banking, joins as Head of Compliance, US. Chris David from Cash App is the new VP of Compliance & Risk Operations. Notably, Adewale Ayantoye, the only Nigerian among the new executives and a former employee of American eCommerce giant Etsy, joins as VP of Risk Management.

Flutterwave’s global ambitions and financial strategy

Flutterwave’s history of strategic foreign hires underscores its global ambitions. In 2021, the company recruited Jimmy Ku as Head of US Growth to spearhead its expansion into the US market. Ku, a co-founder of five startups, brings over 17 years of experience in consulting, startups, and investments. This strategic approach mirrors the company’s latest move to acquire money transfer licenses in 13 states in the United States, signaling a deepening of its footprint in the US market.

However, the arrival of these high-calibre executives raises questions about the financial implications for Flutterwave, especially in light of cost-cutting measures by competitors like Paystack, which recently laid off 33 employees. Nevertheless, the investment in top-tier talent reflects the company’s commitment to becoming a globally recognized African company but also highlights the challenges of balancing ambitious growth with financial sustainability.

In conclusion, Flutterwave’s latest executive appointments mark a significant step in its global expansion strategy. The experience and expertise of these new leaders are expected to be pivotal in the company’s journey towards becoming a leading player in the global fintech landscape. However, the financial impact of these high-profile recruitments remains a point of consideration as the company scales its operations, especially in the competitive and rapidly evolving fintech market.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

Share link:

Damilola Lawrence

Damilola is a crypto enthusiast, content writer, and journalist. When he is not writing, he spends most of his time reading and keeping tabs on exciting projects in the blockchain space. He also studies the ramifications of Web3 and blockchain development to have a stake in the future economy.

Stay on top of crypto news, get daily updates in your inbox

Related News

Cryptopolitan
Subscribe to CryptoPolitan