Bypass Convention: Leatherback makes global transactions easier, faster and more secure

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New ‘neo bank’ Leatherback is poised to disrupt the financial services industry with its single-account, multi-currency solution that enables businesses and individuals to conduct global transactions easily, quickly and securely .

Leatherback Founder and CEO Ibrahim Toyeeb says Leatherback’s introduction to the global market is underpinned by a desire to democratize banking and provide opportunities for borderless global commerce.

“It’s no secret that emerging markets are key drivers of global growth. Given this reality – and the fact that the COVID-19 pandemic has imposed many restrictions on travel and commerce – Leatherback was created to simplify global commerce for people and operations everywhere, allowing them to transfer money seamlessly from one continent to another.

In this regard, Leatherback provides an indispensable solution for exporters and importers, immigrant-owned businesses, international students, the general migrant population, tourists and multinationals with overseas operations that require financial solutions, payments or currencies.

Leatherback is inspired by the leatherback turtle, a nomadic creature that roams the seas from the northern regions of the Arctic to the southern Pacific, with no self-imposed restrictions to impede its movements.

Like its namesake, the fintech operation is built on the same principles. It offers multi-currency accounts with the ability to exchange currencies instantly in multiple countries, including UK, Canada, India, Nigeria, Egypt, Uganda, Tanzania, Angola, India. South Africa, the United Arab Emirates, Denmark, Ghana and Côte d’Ivoire. . The organization allows customers to create local and foreign accounts to give them the ability to transfer funds to 40 countries, while businesses can bill and collect directly in over 13 currencies.

Notably, Leatherback is fully regulated by the FCA in the UK, Fintrac in Canada, the Central Bank of Nigeria and other regulatory authorities in the 13 countries in which it is licensed. “Ensuring that our users operate in a secure space is non-negotiable. The multi-layered cybersecurity measures we have deployed are aimed at protecting their money and giving them peace of mind,” adds Toyeeb.

At the heart of Leatherback is the ability to remove payment barriers, promote business expansion, remove barriers to business growth, and build a global digital payments infrastructure that harnesses the rise of digitalization.

While it may seem implausible that users can create accounts, perform currency conversions and global payments in minutes, Leatherback has done just that.

Unpaid start-up fees and highly competitive rates provide other compelling reasons to join the Leatherback Group.

While Leatherback makes it easy to make and receive payments around the world, it also integrates billing and payroll services, tax management and revenue management services.

Leatherback is a game changer in the industry. Using Leatherback’s networks, account holders can spend abroad in local currencies from the comfort of their office or home, at competitive exchange rates.

Through its collections application programming interface (API), customers can accept money worldwide – in-store or online – from more customers, in their preferred countries, and in small or large volumes. Additionally, trade finance frees up working capital for short and long-term business goals, business continuity, and disaster recovery.

With a deep understanding of local markets and global finance, Leatherback’s primary goal is to remove transaction boundaries, so that individuals and businesses are encouraged to be ambitious and provide their services freely, performing and by easily collecting payments worldwide. “We believe in bending conventions to constantly find better ways to make things happen,” concludes Toyeeb.

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