Raenest, Leatherback, Vesti, and Graph pitch themselves to African founders as Mercury alternatives
- African fintechs are wooing founders affected by Mercury's compliance changes.
- Raenest, Leatherback, and Vesti are pitching to startups seeking new banking partners.
- Some startups have switched to Brex over reliability concerns.
The abrupt compliance changes by Mercury have created an opportunity for African fintechs to attract affected founders. While some startups have switched to alternative banking providers like Brex, it is still uncertain whether local options will be favored in the long run.
