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Leatherback, a UK startup for international remittance payments for migrant workers and multi-currency businesses, has raised $10 million in a pre-seed round led by pan-African funding agency ZedCrest capital.
The Leatherback business account offers trading in 24 currencies, virtual cards for cross-border transactions, a collections API and support for bulk payments. Individual accounts feature a multi-currency wallet, virutal debit cards and savings features.
Co-founder and CEO Ibrahim Toyeeb says the funding will “be deployed to lift Leatherback’s profile within the fintech area in addition to prolong its capability within the many nations it’s licensed in and the place it’s about to be permitted. These embrace South Africa, Egypt, Uganda, India, and the UAE”.
Financial Services
