FinTech news in operating system category

While banks use rigorous credit policies and don’t care much about small businesses, particularly those without any local credit history or track record, informal lenders act as loan sharks to the detriment of these businesses.

U.K.-based Leatherback offers multi-currency accounts with the option to exchange currency across multiple countries, including the United Kingdom, Canada, India, Nigeria, Egypt, Uganda, Tanzania, Angola, South Africa, the UAE, Denmark, Ghana, and Côte d’Ivoire. Now, fintech startup Leatherback, a U.K.-based cross-border payments platform, has raised what it describes as a $10 million pre-seed round led by ZedCrest Capital, a pan-African investment firm. Leatherback offers a multiple currency solution for cross-border transactions. Immigrants, international students, and the migrant population in general all require international payments, or foreign exchange.

This data is analyzed to provide businesses with support ranging from tailored recommendations, reports through daily business tips, monthly business seminars and access to an on-demand business coach.