Flutterwave has appointed Oluwabankole Falade as its Chief Regulatory and Government Family Officer.
In a press liberate, the company said Falade’s characteristic will be to maintain “strategic oversight and authorities relation methods, whereas ensuring that the hobby and needs of the enterprise are aligned with that of the regulators.”
Falade joins Flutterwave from a identical characteristic at IHS Towers, the Nigerian company that owns 29,700 telecom towers all over nine worldwide locations in Latin The USA, the Center East and Sub Saharan Africa.
Earlier than IHS, he spent 10 years at MTN in a great deal of authorities and regulatory advisory roles, and four years representing VISA in conversations with West African regulators.
In appointing a regulatory lead with broad industry experience, Flutterwave expresses an enthusiasm for deeper engagement with African governments. Be pleased assorted internal most organisations, tech companies salvage to answer to to the constituted authorities wherever they operate.
The responsibility is arguably more urgent and still if the company operates in the monetary services and products industry, where user protection and fraud prevention are authorities priorities.
Flutterwave’s funds processing enterprise is live in 33 African worldwide locations. That spread commands a regulatory burden equivalent to what multinational monetary services and products companies and telecommunications networks salvage to take care of. It could most likely salvage figured in their different course of for a regulatory lead, deciding on any individual with experience spanning these sectors.
Flutterwave’s CEO, Olugbenga Agboola, has excessive hopes for Falade’s affect on the company: “[He is] smartly positioned to crimson meat up our original relationships as smartly as crimson meat up us maintain recent relationships.”
Agboola has been intentional about praising regulators publicly.
When the company announced its $170m Sequence C in March, he cheered the Central Bank of Nigeria for being “at the forefront of the loads of efforts which shall be currently being made by African governments to maintain the enabling ambiance for skills, innovation and monetary inclusion.”
He described the regulator as being phase of the “backbone upon which companies like Flutterwave were in a blueprint to thrive” as smartly as to employees, potentialities and investors.
No surprises then that Flutterwave would respect to crimson meat up its relationship with regulators just like the CBN in Nigeria and individuals in the assorted worldwide locations the company operates in.
Falade, in Flutterwave’s assertion announcing his appointment, said he believes companies and regulators fragment the identical purpose of rising companies and economies by skills and is relishing his recent opportunity to create that happen.