Afrigather The CEO and co-founder of cross-border funds startup Leatherback, Ibrahim Ibitade, has stepped down after 5 years on the helm, the corporate instructed TechCabal.
“Below Ibitade’s steering, Leatherback expanded its international presence and established itself as a trusted associate in cross-border monetary providers,” the corporate mentioned in a press release. “The corporate is grateful for his dedication and needs him the very best in his future endeavours.”
Leatherback didn’t share a cause for Ibitade’s exit.
Toni Campbell, a managing associate at Kinfolk Enterprise Capital, has been named interim CEO. “I’m excited to guide Leatherback via this pivotal second,” mentioned Campbell. “We’ve the chance to redefine international monetary options, and our mission stays clear: to empower seamless motion of cash throughout borders, whereas strengthening belief and delivering distinctive worth to our prospects.”
Adedayo Amzat, Group Managing Director and CEO of Zedcrest Group, Leatherback’s lead investor, will be part of the corporate as a non-executive director.
“With this skilled management workforce, Leatherback is well-positioned to proceed its journey as a high participant in international monetary providers, making cross-border funds borderless and extra accessible for all,” the assertion added.
Together with a crop of homegrown cross-border apps, Leatherback had begun pitching itself to African startups as a substitute for Mercury.
“With Group Federal Financial savings Financial institution, one among our native associate banks in America, we spent two years demonstrating that we’ve got the normal KYC and KYB processes and transaction monitoring course of, giving them sufficient consolation,” the corporate instructed TechCabal in July.
