Efenure now Flutterwave’s Head of Risk for Africa
By Felicia Nwosu
Emmanuel Efenure has been appointed as Flutterwave’s Head of Risk for Africa. before moving to Flutterwave, Efenure was the former Director of Customer Engagement and Performance, Sub-Saharan Africa, MasterCard, in charge of ensuring Customer Compliance and Risk efforts.
In this new assignment, he will spearhead and 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. He 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.
Olugbenga GB Agboola, CEO and Founder of Flutterwave said while announcing the appointment, “The scale of our business and the speed of our growth mean 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; he also understands the risk landscape in the industry and the continent. We’re 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.”
Bringing his 22 years experience in Banking and Risk management to bear in his new role at Flutterwave, he and the entire team are poised to deliver the next phase of growth.
A chartered Accountant 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.
At Mastercard, he developed and executed Mastercard’s safety and security strategy for Sub-Saharan Africa, and provided strategic guidance on risk & compliance matters to the business, key partners, and Mastercard customers in Sub-Saharan Africa.
The Risk Group is a new unit carved out of the Flutterwave Compliance Team to enable faster development and implementation of Risk initiatives. Emmanuel joins Flutterwave to lead this Group for Africa.
Commenting on the development, Efenure said, “I’m thrilled to join Africa’s leading payments 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 payments system. I can’t wait to get started.”
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