New “neo bank”, Leatherback, is poised to disrupt the monetary services sector with its one account, several currency solution that allows people and services to conduct international transactions easily, rapidly and safely.

Leatherback creator and CEO, Ibrahim Toyeeb, states the intro of Leatherback to the worldwide market is underpinned by a desire to democratise banking and offer chances for borderless global trade and commerce.

“It’s no secret that emerging markets are the principal drivers of global growth. Provided this truth– and the truth that the COVID-19 pandemic has actually enforced various restrictions on travel and commerce– Leatherback was formed to streamline international trade for operations and individuals all over, allowing them to effortlessly move money from one continent to the next.”

In this respect, Leatherback provides a much-needed option for exporters and importers, immigrant-owned businesses, international trainees, the migrant population in general, tourists and multi-nationals with foreign operations that require monetary options, payments or forex.

Leatherback is inspired by the leatherback sea turtle, a nomadic animal that strolls the seas from the northern areas of the arctic, to as far south as the pacific, without self-imposed restrictions to prevent its motions.

Like its name, the fintech operation is built on the exact same concepts. It uses multi-currency accounts with the alternative to exchange currency immediately across numerous nations, consisting of the United Kingdom, Canada, India, Nigeria, Egypt, Uganda, Tanzania, Angola, South Africa, the UAE, Denmark, Ghana and Côte d’Ivoire.

The organisation makes it possible for clients to create foreign and regional accounts to provide the option to remit funds across 40 countries, while services can invoice and gather directly in over 13 currencies.

Especially, Leatherback is fully managed by the FCA in the UK, Fintrac in Canada, the Central Bank of Nigeria and other regulative authorities in the 13 countries it is licenced in. “Ensuring our users operate in a secure space is non-negotiable. The multi-layered cybersecurity steps we have released are aimed at securing their money and offering them with peace of mind,” includes Toyeeb.

At the core of Leatherback is the capability to break down payment barriers, promote business growth, get rid of barriers to company development, and build a worldwide digital payments facilities that utilizes the increase of digitisation.

While it may appear implausible that users can set up accounts, make currency conversions and worldwide payments within minutes, Leatherback has actually done simply that.

A zero-balance start-up cost and highly competitive rates offer further compelling factors to join the Leatherback fold.

While Leatherback enables ease of making and receiving payments around the world, it likewise incorporates invoicing and payroll services, tax management services, and earnings Management.

Leatherback is a game-changer in the market. By utilizing Leatherback’s networks, account holders can invest abroad in the regional currencies from the convenience of their workplaces or houses, at competitive currency exchange rate.

Through its collections application programming user interface (API), customers can accept money worldwide– in-store or online– from more clients, in their preferred countries, and in small or big volumes. In addition, trade finance opens working capital for short- and long-lasting business objectives, service connection and disaster recovery.

With its deep understanding of regional markets and international financing, Leatherback’s main goal is to get rid of borders from negotiating so that organizations and people are encouraged to be ambitious and supply their services easily, making and collecting payments with ease around the world. “We believe in side-stepping convention to continuously find better ways to make things occur,” concludes Toyeeb.

About Leatherback

Leatherback UK Ltd is a United Kingdom-based fintech company that streamlines international trade for private and company customers, helping them move money from one continent to another with ease. It offers multi-currency accounts with the alternative to exchange currency instantly across several nations, including the United Kingdom, Canada, India, Nigeria, Egypt, Uganda, Tanzania, Angola, South Africa, the UAE, Denmark, Ghana and Côte d’Ivoire. The organisation enables clients to develop local and foreign accounts to provide the option to remit funds across 40 nations, while companies can invoice and collect directly in over 13 currencies. With no banking halls and nominal documents involved, Leatherback removes unnecessary conversion fees to enable clients to exchange currencies directly into their wallets at real-time forex rates.