Transaction

Zedcrest Group acquires Leatherback

Announced

27 July 2026

Target

Leatherback Ltd

Value

Undisclosed

Asset class

Venture Capital

Type

Merger/Acquisition(M&A)

Instrument

Ordinary Shares (Equity)

Lead investors

ZedCrest Capital Limited

Investors

ZedCrest Capital Limited

Sector

Financial services / Payments Infrastructure, Cross-Border Payments

Markets

Nigeria, Uganda, Angola, Egypt, Ethiopia, South Africa, Côte d'Ivoire, Ghana, Tanzania

About the target

Leatherback Ltd is a United Kingdom-based cross-border payments and financial technology company regulated by the Financial Conduct Authority as an Electronic Money Institution. Founded in 2019 and headquartered in London, the company provides multi-currency accounts, foreign exchange, and payment infrastructure for businesses and individuals across over 20 countries, supporting currencies including USD, GBP, NGN, CAD, INR, EUR, XOF, and XAF. Following a leadership overhaul in 2025, Leatherback pivoted from retail remittances to enterprise and infrastructure-led cross-border payments, positioning itself as the financial rails powering businesses. The company serves more than 20,000 businesses and over 1 million users, operates its own core banking system and payments ledger, and has regulatory footprints in the United Kingdom, Nigeria, Canada, Ethiopia, Sri Lanka, Pakistan, Nepal, and Ghana.