Moonshot Conversations is back on August 7. In partnership with Grey Business, the next session explores what it really takes for startups to expand across Africa. Our Senior Reporter Muktar Oladunmade will speak with Grey CEO and co-founder Idorenyin Obong on navigating fragmented regulations, cross-border payments, product localisation, and the trade-offs between rapid growth and long-term sustainability. Join the conversation at 11:00 a.m. WAT. Register here.
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Five years after backing cross-border payments startup Leatherback, Nigerian financial services group Zedcrest has decided it no longer wants to be just an investor. It now owns the company.
What happened? On Monday, Zedcrest acquired Leatherback for an undisclosed amount, noting that it plans to revive the startup’s cross-border payments ambitions, saying the opportunity remains “significantly underpenetrated.” According to the company, Leatherback will continue to operate independently under its own brand, team, and product suite, separating it from Zedcrest’s deeper traditional finance and wealth management focus.
Originally published by TechCabal.