Raenest, Leatherback, Vesti, and Graph Emerge as Mercury Alternatives for African Entrepreneurs
- Raenest, Leatherback, and Vesti are now the focus of several founders seeking new banking partners
- Leatherback is currently in talks with 50 startups about setting up U.S. banking accounts
- Raenest and Graph have intensified their marketing efforts, deploying campaigns across social media and major tech publications
The emergence of African fintech companies as alternatives to Mercury's compliance modifications presents an opportunity for founders to find new banking partners. However, concerns about reliability have led some startups to transition to other providers like Brex. It is important to closely monitor the situation and assess the long-term impact on the fintech industry in Africa.
