Local banking solutions step up following Mercury’s withdrawal
Several African startup founders have been asked to close their accounts with American neobank, Mercury, due to compliance changes. African startups often need US bank accounts to boost credibility with investors.
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, 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.
New Era of Banking: MCB Bank & Leatherback Partnership
Leatherback has partnered with MCB Bank to enhance business and lifestyle opportunities in Pakistan and the broader South Asia region. Through its remittance solution, SendR, users can effortlessly send money to businesses and individuals in Pakistan, where it can be instantly received in the local
Seamless Remittance: Leatherback Teams Up with YES BANK
Leatherback and YES BANK partner to simplify remittance and INR payouts in India Trade between African countries and India has surged, reaching $103 billion in 2023
