Goldman Sachs, Flutterwave, and Loans2Go alums join forces to fix global financial operations crisis

Recital Finance, an emerging global fintech company, has launched its AI-powered financial operations platform to address one of the most critical and under-discussed challenges facing modern businesses: financial operations inefficiency.

While payments and banking have changed how money moves, financial operations – the backbone that tracks, reconciles, and reports those movements remain limited, alarmingly manual, and fragmented. In Nigeria and around the world, banks, startups, and enterprises lose billions each year to reconciliation errors, data mismatches, and delays that slow decision-making and distort financial visibility.

Across many emerging and fast-growing markets, payment systems remain highly fragmented, creating operational bottlenecks for finance teams. This leads to loss of up to five percent of business revenue to duplicate payments, increased operational costs, and risk of regulatory penalties due to reporting inaccuracies.

With most reconciliation still happening on spreadsheets, companies face mounting inefficiencies such as lost time, higher costs, revenue leakages, fraud risks, and greater exposure to compliance and operations failures.

Recital Finance’s platform replaces these outdated processes with an intelligent, AI-driven fin ops system that automates reconciliation, cash and chargeback management, and audit-ready reporting. The platform connects to banks, mobile money platforms, wallets, payment providers, fintech APIs, and ERPs, providing a unified, real-time view of financial data across all money movement sources.

“Financial operations are the silent crisis of the digital economy,” said Cleopatra Douglas, Co-Founder of Recital Finance and a former engineering associate at Goldman Sachs and expansion engineering lead at Flutterwave.

“Businesses are moving money faster than ever, but their back-end systems haven’t evolved. It’s a global problem and it’s breaking the finance layer of many companies from Lagos to London.”

Recital, founded by Cleopatra Douglas, Ex Goldman-Sachs, Flutterwave and GTBank software engineerformer head of application development at GTB Bank and Core Engineer at Flutterwave; Bobola Ojo-Ami, former Loans2Go Chief Commercial lead & Head of global marketing at global hosting company, Ultahost; and Bode Abifarin, former COO of Flutterwave, ex-KPMG associate director, and current Founder/CEO of technology and operations advisory firm, Strata Advisory, which developed Crunch, a financial reconciliations platform and tool, brings deep technical, operational, and commercial expertise to an issue that sits at the heart of modern finance.

“We’ve been mapping how money moves and where it breaks inside businesses, from lost revenue, disputes, delayed settlements, manual operations, and fraud blind spots. Recital closes those gaps.

Teams recover revenue, reduce leakage, and make decisions with real numbers, not assumptions. We built Recital to turn financial chaos into measurable performance. It is the difference between reacting to financial operational issues and running a predictable intelligent financial operations engine.l,” Ojo-Ami.

“Having led large-scale financial operations, we’ve seen firsthand across the ecosystem how easily inefficiencies can creep into even the most advanced systems,” said Bode Abifarin, Co-Founder of Recital Finance.

“As the financial and payments ecosystem grows more complex, the tools to manage them must evolve faster. Recital is the bridge between speed and control; it’s how the next generation of global businesses will run finance.”

Recital also focuses on enabling built-in governance, compliance and audit capabilities designed to help companies meet evolving regulatory standards across multiple markets, and global financial reporting frameworks, for fintechs and banks.

The next wave of fintech innovation won’t just be about moving money; it will be about managing it intelligently, and Recital exists to make sure that happens.