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Former Mastercard Director joins Flutterwave

By , ITWeb
Africa , 07 Oct 2022
Emmanuel Efenure.
Emmanuel Efenure.

The former Director of Customer Engagement and Performance at Mastercard Emmanuel Efenure has been recruited by Flutterwave to serve as the company’s Head of Risk for Africa.

According to a statement released by Flutterwave, Efenure will oversee the continued development and execution of Flutterwave’s risk, security and scheme compliance strategy for Africa - including the delivery of healthy growth of Flutterwave business and ecosystem in a changing risk landscape.

The company added that Efenure will be the primary point of contact for all risk-related projects, processes and operations “and lead the risk management efforts for Flutterwave in Africa” and brings over 22 years of banking and risk management experience.

An excerpt from Flutterwave’s statement reads: “A chartered Accountant and graduate of Accounting from the University of Benin, Emmanuel has experience in risk and business operations having held similar positions at United Bank for Africa, Standard Chartered Bank and Mastercard. At Mastercard, he developed and executed Mastercard's safety and security strategy for Sub-Saharan Africa, provided strategic guidance on risk & compliance matters to the business, key partners and Mastercard customers in Sub-Saharan Africa.”

Efenure will lead Flutterwave’s Risk Group, a newly established business unit carved out of the Flutterwave Compliance Team to enable faster development and implementation of risk initiatives.

This appointment follows Flutterwave’s recent senior management hires, including Gurbhej Dhillon, former Goldman Sachs Managing Director, as CTO; Oneal Bhambani, former Vice President of American Express, as CFO; and Mansi Babyloni, former Senior Manager at EY and PwC, as CPO.

“Collectively these hires represent a major stepping-stone in the growth of Flutterwave as it gears up and prepares for its next step on its journey towards IPO,” Flutterwave added,

Olugbenga GB Agboola, CEO and Founder of Flutterwave said, “The scale of our business and the speed of our growth means that we must be extremely cautious about those we let on our platform. Emmanuel comes with over 22 years of risk and compliance to improve our processes and ensure we keep the bad actors away. Emmanuel is not only an expert in the field, he also understands the risk landscape in the industry and the continent. We’re excited that he has joined us and look forward to all the great processes and systems he will bring to Flutterwave to improve our risk profile.”

Efenure added, “I’m thrilled to join Africa’s leading payments technology company to improve the risk processes for Flutterwave Africa operations. What we do is important to keep customers, partners, company and the payment ecosystem safe. It excites me to work with this team of talented people building solutions for businesses in Africa and connecting them to the global payments system. I can't wait to get started.”

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