Leatherback Charts New Course After Leadership Shakeup
Cross-border payments startup Leatherback is navigating a period of significant transition following a challenging 18 months. The company, having weathered scrutiny from the Economic and Financial Crimes Commission (EFCC) and a sudden change in leadership, is now aiming to redefine its trajectory. With a new executive team in place, Leatherback is signaling a strategic shift toward enterprise infrastructure solutions within the booming African fintech sector.
A Focus on Enterprise and Financial Plumbing
Leatherback’s new leadership team comprises Usman Amusat as VP of Product, Mayowa Afe-Ogundele as CTO, and Ochebhoya Ekpete as CEO. This new team is spearheading a refocus away from consumer-facing wallets and towards building the financial infrastructure that supports global commerce for African businesses. The company intends to leverage its existing licenses, established payment rails, and access to more than 180 currencies to connect African enterprises to the global market. This strategic pivot mirrors a common trend within the fintech space, where companies are moving from consumer-focused applications to the more lucrative and resilient model of providing essential financial services and infrastructure. By targeting enterprise customers, Leatherback aims to establish itself as a reliable backbone for cross-border transactions.
Keywords
Related Keywords: TechCabal Daily, Leatherback, African fintech, fintech news, African startups, Leatherback funding, African tech, crossborder payments, TechCabal, Nigeria tech
