Flutterwave, Africa’s leading payments company, has announced a planned leadership transition within its executive team. Morounke Olufemi, the current CFO covering Europe, the Middle East, and Africa (EMEA), is stepping into the global CFO role after working closely alongside Mitesh Popat, who has stepped down as global CFO to co-found a new venture.
This transition represents strategic continuity, organizational maturity, and an unwavering commitment to Flutterwave’s continued sustainable growth.
Morounke brings over 24 years of diverse multinational, finance, strategy, and banking experience to drive Flutterwave’s continued journey towards sustainable growth. Before joining Flutterwave, Morounke served as Group Chief Financial Officer at Access Holdings Plc, one of Africa’s largest financial services corporations. Her tenure at Access Holdings was marked by landmark strategic achievements, including raising $300 million in Additional Tier 1 capital in 2023, completing a major rights issuance program for bank recapitalization in 2024 to meet CBN requirements, and leading complex M&A transactions that created the second-largest pension fund administrator in the Nigerian pensions industry.
Her appointment comes as Flutterwave strengthens its disciplined financial foundation built over recent years, including late-stage funding rounds and strategic investments like the acquisition of open-banking firm Mono. Mitesh’s decision to co-found a media company reflects Flutterwave’s entrepreneurial DNA, adding to a growing network of ex-Wavers who have launched their own ventures across cross-border payments, technology, and consulting.
“As Flutterwave enters the next phase of its sustainable growth, I am excited to announce Morounke as our new Global CFO. Over the past year, she has effectively led Flutterwave’s EMEA financial operations and has a proven track record, particularly from her recent experience at one of Africa’s largest financial institutions. Morounke has demonstrated that she is the financial leader we need at this moment. I take pride in building an environment where exceptional talent and leadership can thrive because I believe that great companies nurture future founders. This is why this smooth transition between two world-class Finance leaders brings me great joy. We are grateful to Mitesh for his leadership over the last two years and fully support his next chapter. We move forward in a position of absolute strength.”
– Olugbenga “GB” Agboola, Founder and CEO, Flutterwave
Morounke’s extensive background and experience in banking, corporate finance, and complex M&A will be critical as Flutterwave continues scaling its operations and expanding its financial services. Since joining Flutterwave in June 2025 as CFO covering more than 30 countries across EMEA, she has been an integral part of the executive leadership team, working hand-in-hand with Mitesh to execute the company’s financial strategy.
“I am excited to step into the global CFO role. Our financial trajectory remains firmly on course. We will continue executing our strategy with a focus on capital discipline, margin growth, and sustainable profitability, while giving global finance leaders total control over their working capital as well as access to multi-currency liquidity and stablecoin settlement. I look forward to working with our global teams to drive long-term value for all our stakeholders.”
– Morounke Olufemi, New Global Chief Financial Officer, Flutterwave
The transition underscores Flutterwave’s commitment to internal talent development and succession planning. As the company evolves into a deeper financial operating system connecting Africa to the global economy with both fiat and digital assets, all strategic priorities, capital allocation models, and long-term financial goals remain unchanged. Flutterwave remains committed to the highest standards of financial governance and is ready for its next phase of sustainable growth.
