Flutterwave has appointed Morounke Olufemi as its new global chief financial officer, making her the company’s third CFO in four years as the fintech places greater emphasis on capital discipline, margins and sustainable profitability.
Olufemi, who joined Flutterwave as EMEA CFO in June 2025, succeeds Mitesh Popat, who is leaving the company to co-found a new venture. Popat became CFO in September 2024, succeeding Oneal Bhambani, who served from mid-2022 until late 2023.
The latest appointment extends a period of change in Flutterwave’s finance leadership, while the company describes the transition as a planned succession.
Olufemi brings more than 24 years of financial and corporate leadership experience. Before joining Flutterwave, she served as group CFO of Access Holdings, where she was involved in major capital raises and mergers and acquisitions.
Her move to the global CFO role also represents an internal promotion, giving the company a finance chief who has already spent more than a year overseeing its EMEA financial operations.
Olugbenga ‘GB’ Agboola, founder and CEO of Flutterwave, said Olufemi had demonstrated the financial leadership needed for the company’s next phase of growth.
‘We are grateful to Mitesh for his leadership over the last two years and fully support his next chapter,’ Agboola said.
The appointment comes as Flutterwave places more emphasis on the financial efficiency of its expansion. In her new role, Olufemi said the company would continue to focus on capital discipline, margin growth and sustainable profitability. ‘Our financial trajectory remains firmly on course,’ she said.
The succession from Bhambani to Popat and now Olufemi means Flutterwave has had three CFOs since 2022. The company has attributed the individual departures to different circumstances, including Bhambani’s personal reasons and Popat’s decision to pursue a new venture.
Olufemi’s appointment provides continuity because of her existing role within the business, while bringing extensive experience from Nigeria’s banking sector into Flutterwave’s global finance function.
Her immediate mandate will include supporting the company’s financial strategy as it continues to operate across multiple markets.
The change also comes as African fintech companies increasingly move beyond expansion into questions around sustainable business models and financial discipline.
For Flutterwave, the appointment puts an experienced banking executive at the centre of its next stage, with the company explicitly prioritising capital discipline, margin growth and sustainable profitability alongside continued expansion.