Flutterwave has appointed Morounke Olufemi as its new global chief financial officer, promoting her from her previous post overseeing the company’s finances across Europe, the Middle East and Africa. She succeeds Mitesh Popat, who is stepping down after two years in the role.
Olufemi joined Flutterwave in June 2025 as CFO for the EMEA region, where she oversaw financial operations across more than 30 countries and worked closely alongside Popat on the company’s overall financial strategy. Before that, she spent several years as group chief financial officer at Access Holdings, the Nigerian banking group, where she managed finance across businesses spanning banking, payments, consumer lending, asset management and insurance. She brings more than two decades of experience in banking, corporate finance and multinational financial services to the new role.
Popat, who joined Flutterwave in 2024 after serving as Citi’s chief financial officer for the Middle East and Africa, is leaving to co-found Next Communications, a venture focused on turning telecom infrastructure into digital capabilities for brands. He will stay connected to Flutterwave as a strategic adviser. In a statement marking the transition, Flutterwave chief executive Olugbenga Agboola credited Popat with building what he called a disciplined financial foundation for the company’s long-term profitability.
The appointment marks Flutterwave’s third global finance chief in under four years, following Oneal Bhambani and then Popat, and comes as the company pushes further into stablecoins and cross-border settlement while continuing to weigh a long-delayed international listing. Flutterwave says its capital allocation strategy and financial objectives remain unchanged, and describes the leadership change as a reflection of succession planning and internal growth rather than a shift in direction.
For Olufemi, the move is a homegrown promotion rather than an outside hire. She said she is excited to step into the global CFO role, adding that the company’s financial trajectory remains firmly on course.
