In a move that adds to the recent string of high-profile departures from Flutterwave, the African fintech giant’s Chief Operating Officer (COO), Bode Abifarin, has announced her resignation. Abifarin, who joined the startup in 2018 after a 15-year stint at KPMG Nigeria, played a pivotal role in Flutterwave’s growth journey, steering the company to its unicorn status in 2022.
Abifarin’s exit comes on the heels of the departures of Flutterwave’s former Chief Financial Officer (CFO) Oneal Bhambani, former Vice President of Design and Innovation Ted Oladele, and Head of Growth for the United States, Jimmy Ku, in recent months.
In a LinkedIn post, Abifarin cited her passion for “teaching, inspiring, and nurturing the next generation of global businesses” as the driving force behind her decision to move on. She expressed her intent to “share a lot more using my voice and my pen,” while continuing to nurture new businesses and focus on building, teaching, and education.
“In this next phase, I will be sharing a lot more using my voice and my pen. I will continue to nurture new businesses and focus on building, teaching and education. There are a lot more things in the pipeline and I’ll inform you as we go,” Abifarin said.
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Flutterwave’s founder and CEO, Olugbenga Agboola, praised Abifarin’s contributions, stating, “We’re not saying goodbye; instead, we’re sending her forth to achieve great things. We eagerly anticipate the opportunity to collaborate with her again in the future and witness the remarkable impact she’ll undoubtedly continue to make.”
The executive departures come as Flutterwave, rumored to be eyeing an IPO since 2022, navigates challenges such as fraud allegations in Kenya, which were recently dismissed by a Kenyan High Court. The company has also made strides, including the addition of a new board member, Olajumoke Adenowo, and a revamped product strategy.
