Mitesh Popat has been named as Flutterwave's new chief financial officer.

Mitesh Popat has been appointed Flutterwave's new chief financial officer (CFO), the company announced yesterday.

Olugbenga Agboola, CEO and founder of Flutterwave, said Popat's 20-year career will allow him to make strategic financial decisions that coincide with the company's expansion drive on the continent.

According to Flutterwave, Popat most recently held top responsibilities at Citi, including being CFO for Middle East and Africa, where he oversaw financial operations in 29 countries, and CFO for Global Equities Sales and Trading, a $5 billion revenue business.

The company believes Popat's experience will be essential to Flutterwave's ambitions.

Agboola said: “We have an ambitious goal to connect Africa to the world and Mitesh embodies our vision with his experience working extensively within Africa in a global capacity. He shares our values of customer obsession and we’re certain that with his impressive track record in financial management, he will contribute to the next phase of our growth.

“In his new role, Popat will oversee Flutterwave’s corporate finance functions including supporting the company’s growth plans through leveraging his expertise in managing finance and operation functions of a complex global business.”

Popat commented on his appointment, saying his combined focus on expansion and financial sustainability is vital to long-term success and stability of the company.

“I have a deep understanding of the operating environment in Africa and complexity of operating an emerging market business and I plan to bring my experience in growing Flutterwave, while optimising our business model for sustained profitability,” he said.