Zedcrest Group Acquires Leatherback to Boost Fintech Growth

Zedcrest Group has completed the acquisition of Leatherback, a global payments and financial technology company founded in the UK, marking a significant step in its strategy to create a globally connected financial services ecosystem. This acquisition follows Zedcrest's initial investment in Leatherback in 2021.

The deal merges Zedcrest's institutional expertise and capital with Leatherback's innovative payment solutions, positioning both for accelerated growth in the fintech sector. Leatherback, known for its digital platform that facilitates multi-currency transactions, will retain its headquarters in London and has recently established a West African hub in Nigeria, with plans for additional hubs in Canada and Kenya.

The existing management team at Leatherback will remain to ensure continuity while benefiting from Zedcrest's governance and support. Adedayo Amzat, Group Managing Director of Zedcrest, emphasized the strategic nature of the acquisition, while Leatherback's CEO, Ochebhoya Ekpete, noted it as a new chapter for the company.