YC-backed Waza launches Lync, an alternative to Mercury for African startups after $8m raise
Waza launched Lync, a banking product for multi-currency account management. Mercury restricted accounts for startups in 13 African countries in July 2024.
Ibrahim Ibitade on how cofounder misalignment led to Leatherback exit and his eventful episode with EFCC
Ibrahim Ibitade steps down as CEO of Leatherback. Toni Campbell appointed as interim CEO.
Leatherback cofounder and CEO Ibrahim Ibitade steps down, Toni Campbell named interim CEO
Ibrahim Ibitade steps down as CEO of Leatherback after five years. Toni Campbell appointed as interim CEO.
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
