Flutterwave Reorganizes Its Leadership Team to Strengthen Risk, Compliance, and Legal Affairs

Flutterwave reorganizes its leadership team to strengthen risk, compliance, and legal affairs as part of a clear plan to make the company stronger and more ready for growth. The fintech company, known for powering payments for millions of Nigerians and big brands like Uber and PiggyVest, has made important changes to its leadership roles focused on risk management, compliance, regulations, and legal matters.

One of the biggest changes in this leadership reshuffle is the appointment of Prashant Kalia as the new Chief Risk and Compliance Officer. Prashant has over 20 years of experience working with major global companies such as American Express, Amazon, and Stripe. His job will be to oversee Flutterwave’s global efforts to follow rules and prevent fraud, making sure they meet high standards no matter where they operate. This move shows that Flutterwave reorganizes its team to strengthen these key areas and keep ahead of increasing regulatory demands both in Nigeria and across the world.

The CEO of Flutterwave, Olugbenga “GB” Agboola, said these changes are not sudden but part of a planned succession strategy. He explained that Prashant’s experience will be very valuable as the company grows globally. The reorganization helps Flutterwave reorganizes its leadership team to keep its standards high and continue to be trusted by users and regulators.

Flutterwave Reorganizes Its Leadership Team

This step is very important because Nigeria’s fintech industry is under new pressure from regulators. The Central Bank of Nigeria has tightened rules on how fintech companies handle money, data, and customer information. Many fintech companies have also found it harder to work with banks because of these tougher rules. For Flutterwave, which has faced regulatory challenges in Nigeria and Kenya, this leadership change is a way to reset and show that they are serious about following the rules.

Flutterwave has processed almost 900 million transactions worth more than $34 billion. Any slip in compliance could affect Nigeria’s fast-growing digital payments system. Having someone like Prashant Kalia, with global experience, helps Flutterwave reorganizes its team to strengthen risk, compliance, and legal affairs, so it can also adopt international best practices. This builds confidence among regulators that Flutterwave is well prepared for stricter rules.

Besides Prashant, key Nigerian leaders remain important in the company’s leadership. Mobolaji Bammeke, who was Chief Compliance Officer for five years and has a background with JP Morgan, will now be Chief Regulatory and Data Protection Officer. He will keep watching over compliance in Nigeria but also focus more on protecting user data across Flutterwave’s different markets. Another leader, Oluwabankole Falade, will now be Chief Legal, Regulatory, and Public Policy Officer. This change helps Flutterwave reorganizes its leadership team to bring legal, regulation, and public policy tasks together. These combined roles will work better to support the company’s global growth and improve how it deals with regulators and policymakers.

The outgoing Chief Risk Officer, Amaresh Mohan, who helped build Flutterwave’s risk system from scratch, will now serve as a strategic advisor to Prashant and the CEO. This ensures that the company keeps learning and improving its risk and compliance systems.

For everyday users in Nigeria, these internal changes might not change services right away. But they send a strong message to banks, regulators, and partners that Flutterwave is serious about trust and doing things right. As policy changes frequently affect fintech services, having a strong focus on risk, compliance, and legal affairs can help avoid disruptions.

Flutterwave reorganizes its team to strengthen risk, compliance, and legal affairs as it moves from being a startup to a more mature financial business, expected to meet high standards just like banks. Now with operations in 34 African countries and offering services like international money transfers, Flutterwave is preparing for a future where trust and following the rules are just as important as fast and new technology.

To sum it up, Flutterwave’s leadership reshuffle is a smart move to stay ahead in the fast-changing fintech world. By bringing in global and local experts to oversee risk, compliance, and legal affairs, Flutterwave reorganizes its leadership team to build trust, follow rules, and grow stronger both in Nigeria and internationally. This clear focus on governance and compliance shows Flutterwave’s determination to remain a leader in Africa’s digital payments scene.

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