The startup offers a multicurrency wallet that provides businesses with end-to-end financial services, including currency conversion and borderless transfers. By enabling quick and cost-effective transactions, the wallet facilitates growth in emerging markets while allowing businesses to manage multiple currencies efficiently.
Funding
$10M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Businesses operating internationally face challenges with currency conversion fees, transaction costs, and delays associated with traditional cross-border payment systems. Managing multiple currency accounts and navigating varying regulatory landscapes further complicates international financial operations.
Solution
Leatherback provides a multi-currency digital wallet and cross-border payment platform designed to streamline international financial transactions for businesses and individuals. The platform enables users to send and receive payments in multiple currencies, convert currencies at competitive rates, and manage global accounts from a single interface. By offering a unified solution for currency management and international transfers, Leatherback aims to reduce transaction costs, accelerate payment processing, and simplify compliance for businesses operating in emerging markets and beyond. The platform supports local transfers, cross-border payments, and currency exchange, facilitating seamless financial operations across different regions.
Target Audience
The primary target audience includes businesses of all sizes, particularly those engaged in international trade, e-commerce, and cross-border transactions, as well as individuals who need to send or receive money internationally.
Features
- Multi-currency wallets supporting various global currencies, including NGN, GBP, EUR, and USD.
- Cross-border payment capabilities enabling transfers to both Leatherback users and non-users via bank transfers.
- Currency conversion tools with real-time exchange rates.
- SendR service for dedicated cross-border transactions with transparent pricing.
- Integration with local payment methods and banking systems.
- Mobile app with biometric login options for secure account access and transaction management.
- API solutions for integrating payment functionalities into existing business systems.
- Batch payment options for mass payouts.