Introduction

Flutterwave has appointed Morounke Olufemi as its new Global Chief Financial Officer, marking a significant leadership transition at one of Africa's leading fintech companies. The appointment comes as the company accelerates its expansion across international markets.

What Happened

The fintech company confirmed the appointment through a statement to Nairametrics, following the departure of the previous CFO, Mitesh Popat. Olufemi, who previously served as Flutterwave's CFO for Europe, Middle East, and Africa since joining the company in 2025, brings extensive experience from her tenure at Access Holdings Plc.

Why This Matters

With Flutterwave having processed over one billion transactions and facilitated more than $40 billion in total payment value, the appointment of a seasoned finance executive underscores the company's commitment to strengthening its financial leadership. Olufemi's role comes at a critical time as the fintech scales operations and pursues sustainable growth across global markets.

Key Takeaways

  • Morounke Olufemi brings over 24 years of experience in finance, banking, strategy, and corporate leadership across multinational organisations.
  • She previously served as Group Chief Financial Officer at Access Holdings Plc, where she played a key role in raising $300 million in Additional Tier 1 capital in 2023.
  • Olufemi led the group's rights issuance programme in 2024 to support bank recapitalisation requirements.
  • Her experience includes leading complex mergers and acquisitions transactions, including deals that helped create the second-largest Pension Fund Administrator in Nigeria.
  • Flutterwave has processed over one billion transactions and facilitated more than $40 billion in total payment value since inception.
  • Wallet-based collections recorded a 289% increase in transaction volume over the past year, while the value of bank transfer transactions grew by 184% during the same period.

Conclusion

Morounke Olufemi's appointment as Global CFO positions Flutterwave to strengthen its financial framework as it pursues its next phase of expansion. Her deep experience in corporate finance, capital raising, and regional operations positions her to drive long-term value for stakeholders as the company continues to grow across African and international markets.