Popat joins Flutterwave with over two decades of experience in global financial services, having held key positions at Citi, including CFO for the Middle East and Africa region and the Global Equities Sales and Trading division. In his new role, he will oversee Flutterwave’s corporate finance functions, guiding the company through its next phase of growth.
In a statement, Flutterwave expressed confidence in Popat's ability to strengthen the company's financial framework and support its long-term profitability. Popat himself highlighted his deep understanding of Africa’s operational landscape and emerging markets, which he intends to leverage as Flutterwave continues to expand.
Popat’s appointment follows a series of executive changes at Flutterwave, including the resignation of Chief Operating Officer Bode Abifarin earlier this year. These shifts come amid speculation about the company’s potential Initial Public Offering (IPO), adding further interest to Flutterwave’s strategic moves.
His hiring aligns with Flutterwave’s recent strategic shift in product focus, emphasising enterprise services and remittance solutions. In March 2024, the company decided to discontinue Barter, a service its launched in 2017 that offered virtual cards and international payment options, due to underperformance. In contrast, 2023 marked the relaunch of its international remittances platform, Send App, alongside the introduction of new services designed to assist local businesses with international currency exchanges.
Olugbenga Agboola, the CEO of Flutterwave, highlighted the significance of Popat’s role, stating that his contributions will not only enhance value for the company’s customers, which include enterprise merchants and individuals seeking remittance services but also bolster the broader African fintech ecosystem.
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