UK Fintech startup Leatherback raises $10M for its cross-border funds led by ZedCrest

Immigrants, worldwide college students, and the migrant inhabitants basically all require worldwide funds, or overseas alternate. Revolut and Clever are amongst these platforms to have taken benefit of this worldwide viewers. Now, Fintech startup Leatherback, UK-based cross-border funds platform, has raised what it describes as a $10 million pre-seed spherical led by ZedCrest Capital, a pan-African funding agency.

Leatherback presents a a number of forex answer for cross-border transactions.
 
Co-Founder and CEO Ibrahim Toyeeb stated in a press release that the funding would “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.”

Previous to this spherical, the corporate says it was bootstrapped by the founders.

Zedcrest Capital’s Group Managing Director, Adedayo Amzat, stated: “As principal traders, we love alternatives the place we will convey our experience to bear. It has been rewarding to offer operational and strategic assist to Leatherback in its quest to construct the proper compliance, know-how, and finance infrastructure that may enable it to be the working system of selection for the worldwide mobility of companies and people.”
 
UK-based Leatherback presents multi-currency accounts with the choice to alternate forex throughout a number of nations, together with the UK, Canada, India, Nigeria, Egypt, Uganda, Tanzania, Angola, South Africa, the UAE, Denmark, Ghana, and Côte d’Ivoire.

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