Flutterwave appoints former Access Holdings executive as global CFO

Flutterwave, one of Africa’s leading payments companies, has appointed Morounke Olufemi as its new Global Chief Financial Officer (CFO), following the departure of Mitesh Popat, who stepped down to co-found a new venture.

Olufemi, who previously served as Flutterwave’s CFO for Europe, the Middle East and Africa (EMEA), brings more than 24 years of experience in multinational finance, strategy and banking to the role.

Before joining Flutterwave, she served as Group Chief Financial Officer of Access Holdings Plc, where she led major strategic initiatives, including the raising of $300 million in Additional Tier 1 capital in 2023 and a major rights issuance programme for bank recapitalisation in 2024.

She also led complex mergers and acquisitions that resulted in the creation of the second-largest Pension Fund Administrator in Nigeria. Olufemi joined Flutterwave in June 2025 and has overseen financial operations across more than 30 countries in the EMEA region.

Flutterwave founder and CEO, Olugbenga “GB” Agboola, said Olufemi had demonstrated the financial leadership required to guide the company through its next phase of sustainable growth.

“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,” Agboola said.

Olufemi said she was excited to assume the global role, adding that Flutterwave would continue to focus on capital discipline, margin growth and sustainable profitability, while providing global finance leaders with access to multi-currency liquidity and stablecoin settlement.

Flutterwave added that the transition reflected its commitment to internal talent development and succession planning, adding that its strategic priorities, capital allocation models and long-term financial goals remained unchanged as it continues expanding its financial services globally.