Former Mastercard
Director in charge of Customer Engagement and Performance responsible for
leading Customer Compliance and Risk efforts for Sub Sahara Africa, Emmanuel
Efenure, has been appointed the Head of Risk for Africa at Flutterwave.
Mr. Efenure, as part of
his new role, is expected to 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 like Africa.
According to a statement
announcing his appointment on the official website of Flutterwave, Emmanuel
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.
The former Mastercard
boss brings over 22 years of Banking and Risk management experience to bear in
his new role at Flutterwave.
A chartered account 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, where he developed and executed
Mastercard’s safety and security strategy for Sub Sahara Africa, provided
strategic guidance on risk and compliance matters to the business, key partners
and Mastercard customers.
Emmanuel’s appointment
follows Flutterwave’s recent senior management hires, including Gurbhej Dhilon,
former Goldman Sachs Managing Director, as CTO; Oneal Bhambani, former Vice
President of American Express, as CFO; and Mansi Babyloni, former 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 toward IPO.
Commenting on the
appointment, the Chief Executive Officer and Founder of Flutterwave, Olugbenga
GB Agboola 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, but he also understands the risk landscape in the industry and the continent.
“We are 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,” he said.
On his part, Emmanuel
Efenure remarked that “I’m thrilled to join Africa’s leading payment technology
company to improve the risk processes for Flutterwave Africa operations. What
we do is important to keep customers, partners, companies, 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
payment system. I can’t wait to get started.”
By: Kanto Okanta
