Flutterwave Appoints Former Citi CFO Mitesh Popat, as Chief Financial Officer to Drive Growth And Financial Sustainability

Africa’s leading payments technology company, Flutterwave, has announced the appointment of Mitesh Popat as its new Chief Financial Officer (CFO). With over 20 years of global financial services experience spanning North America, Europe, the Middle East, and Africa, Mitesh is set to play a key role in steering Flutterwave’s growth and ensuring long-term financial sustainability.

Mitesh brings a wealth of expertise from his previous roles at Citi, where he served as CFO for the Middle East and Africa, managing finance operations across 29 countries, and as CFO for Global Equities Sales and Trading, overseeing the financial aspects of a $5 billion revenue business. His experience in strategic planning, performance management, and balance sheet optimization will be instrumental in Flutterwave’s next phase.

In his new role at Flutterwave, Mitesh will be responsible for overseeing corporate finance functions, supporting the company’s expansion, and ensuring efficient resource allocation. He will also drive the company’s strategic execution, leveraging his deep understanding of managing complex global financial operations.

Speaking on his appointment, Mitesh said, “I am excited to join Flutterwave at this pivotal moment. I understand the challenges and opportunities of operating in Africa and emerging markets, and I look forward to using my experience to help grow Flutterwave and optimize its business model for sustained profitability. Together with the team, we will work to enhance Flutterwave’s financial standing and operational efficiency through curiosity and innovation.”

Welcoming Mitesh to the company, Olugbenga ‘GB’ Agboola, Founder and CEO of Flutterwave, stated, “Mitesh’s extensive experience across Africa and in a global context aligns perfectly with our ambitious goal of connecting Africa to the world. His track record in financial leadership, customer obsession, and operational excellence will be invaluable as we enter our next phase of growth. We are confident that his contribution will add value to both our enterprise merchants and retail remittance customers, as well as the wider African fintech ecosystem.”

Flutterwave’s leadership team has seen significant additions in recent years, including executives from companies like PayPal, Stripe, and Western Union. These appointments, including Mitesh, underscore the company’s focus on attracting top talent, improving financial operations, and enhancing risk management strategies to support its ambitious growth plans.