The departure of the former Goldman Sachs MD is the most recent in a string of well-publicised departures.
Gurbhej Dhillon has announced his retirement from Flutterwave, having joined the company in 2022 from Goldman Sachs. On Thursday, May 1, 2025, Dhillon, who joined as Chief Technology Officer, announced this on LinkedIn. During his time, the Send App was relaunched and served over 34+ countries, along with important partnerships.
He commented, “After an amazing journey as Flutterwave’s Chief Technology Officer, I am leaving the company.” As I get ready for the next phase of my career, my decision signifies the end of an incredible chapter and the start of a brief but much-needed sabbatical.
In addition to Oneal Bhambani (CFO) in November 2023 and Bode Abifarin (COO) in March 2024, Dhillon’s resignation is the most recent in a string of high-profile exits.
According to CEO Olugbenga Agboola’s recent remarks, this trio of resignations creates leadership voids at a time when the company is shifting its priorities from IPO aspirations to profitability.
Dhillon oversaw multiple technical overhauls while he was employed at Flutterwave. In order to handle the increased demand, the corporation improved the performance of its system.
Flutterwave emphasized Dhillon’s contribution to improving the organization’s infrastructure and architecture at the beginning of his employment, in addition to leading the product and engineering teams.
Flutterwave commended Dhillon for his services and said its engineering staff are prepared for the changeover in a statement to Techpoint Africa.
“After working at Flutterwave for a few years, our CTO, Gurbhej Dhillon, is embarking on new experiences. We appreciate his amazing work and leadership. Gurbhej oversaw the creation of our next-generation API and assisted in stabilizing our IT infrastructure. He has proven to be a trustworthy, helpful, and appreciated team member.
Significant milestones were accomplished by Flutterwave under his direction, including collaborations with well-known international companies like Microsoft and Capgemini. While the connection with Microsoft enhanced Flutterwave’s technological capabilities, the partnership with Capgemini allowed the company to expand its engineering team and expose it to international teams.
Dhillon also managed the Send App’s revamp, which now allows users in more than 34 countries to accept international transactions.
The impact of these actions was especially evident in the way that Flutterwave’s technical team expanded internationally. In India, offices were set up. The hub in Lagos was expanded.
In his final article, Dhillon wrote, “We were able to access new technologies and increase our influence in the fintech space by partnering with Microsoft and Capgemini.”
Flutterwave has been aggressively growing its presence and solidifying its place in the African fintech market in recent years. The business teamed up with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) in March 2025 to offer banking access, e-commerce tools, digital payment solutions, and capacity-building initiatives to MSMEs across the country.
With the introduction of the Send App and a collaboration with Affinity Bank to combine Pay with Bank Transfer, it further increased its presence in Ghana.
The business has also hinted at a shift in emphasis. The company’s immediate objective is profitability, according to CEO Olugbenga Agboola, who has spent the majority of the last two years promoting a potential IPO.
Dhillon chose to concentrate on relaxation and introspection rather than giving away where he was going next. “I am thrilled about what is ahead, even as I take some time to rest, rejuvenate, and think,” he stated.
A replacement has not yet been announced by the corporation.
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