Leatherback Secures $10M in Pre-Seed Funding

Leatherback, a London, UK-based cross-border payments platform, closed a $10m Pre-Seed funding round.

Backers included Zedcrest Capital.

The company intends to use the funding to focus on critical activities, including hiring strategic roles, elevation in its marketing and branding strategy, and traction and visibility in the market.

Led by Co-Founder and CEO Ibrahim Toyeeb, Leatherback offers a multiple currency solution that allows businesses and individuals to conduct global transactions quickly and efficiently through its digital payments infrastructure while being committed to promoting business expansion and removing barriers to business growth across continents. It offers multi-currency accounts with the option to exchange currency instantly across multiple countries, including the United Kingdom, Canada, India, Nigeria, Egypt, Uganda, Tanzania, Angola, South Africa, the UAE, Denmark, Ghana and Côte d’Ivoire. The organisation enables clients to create local and foreign accounts to give them the option to remit funds across 40 countries, while businesses can invoice and collect directly in over 13 currencies.