Leatherback, a neo-banking platform for individuals and businesses, has launched its mobile app in the UK, making it easier for migrants and businesses to remit funds and conduct cross-border transactions in over 15 currencies across 21 different countries. The app, which is available for both iOS and Android devices, aims to provide a fast, secure, and low-cost alternative to traditional money transfer services.
What is Leatherback and how does it work?
Leatherback is a digital platform that enables users to send and receive money across the world with ease. Users can create a Leatherback account and access up to 15 currencies from 21 countries, including GBP, USD, NGN, ZAR, CFA, EUR and more. Users can also choose from a range of payment options, such as bank transfer, card payment, or Leatherback currency account.
Leatherback uses advanced financial technology and strategic partnerships with banking networks to enable instant fund transfers, which means that recipients can access their money as soon as it is sent. Leatherback also offers transparent low fees and real-time exchange rates, which means that users can save money on every transaction.
Who can benefit from Leatherback?
Leatherback is designed to serve the needs of various segments of customers who need to send or receive money across borders. Some of the potential users of Leatherback are:
- Students: Students who study abroad or have family members who do can use Leatherback to pay for tuition fees, living expenses, or send money back home.
- Medical migrants: Medical migrants who travel abroad for treatment or have relatives who do can use Leatherback to pay for medical bills, travel costs, or support their families.
- Remote workers: Remote workers who work for international clients or have colleagues who do can use Leatherback to receive payments, pay taxes, or transfer money between accounts.
- Freelancers: Freelancers who offer their services online or have customers who do can use Leatherback to invoice clients, receive payments, or pay suppliers.
- Parents: Parents who have children studying or working abroad or have relatives who do can use Leatherback to send money for emergencies, birthdays, or holidays.
- Business owners: Business owners who trade with international partners or have employees who do can use Leatherback to pay invoices, salaries, or taxes.
What makes Leatherback different from other money transfer services?
Leatherback claims to offer several advantages over other money transfer services in the market. Some of the features that make Leatherback stand out are:
- Speed: Leatherback enables instant fund transfers, which means that users do not have to wait for days or weeks for their money to arrive.
- Security: Leatherback uses encryption and verification technologies to ensure that users’ data and funds are safe and secure.
- Simplicity: Leatherback has a user-friendly interface and a simple onboarding process that makes it easy for users to create an account and start sending or receiving money.
- Savings: Leatherback offers low fees and competitive exchange rates, which means that users can save money on every transaction.
- Support: Leatherback has a dedicated customer service team that is available 24/7 to assist users with any queries or issues.
What are the future plans of Leatherback?
Leatherback has launched its app in the UK as its first market, but it has ambitions to expand into other regions and countries in the near future. According to Toyeeb Ibrahim, the CEO of Leatherback,
Leatherback is also planning to introduce more features and products that will enhance its offerings and cater to the evolving needs of its customers. Some of the upcoming features include:
- Multi-currency wallet: Users will be able to hold multiple currencies in their Leatherback account and switch between them as needed.
- Virtual card: Users will be able to create a virtual card that can be used for online shopping or subscriptions.
- Savings account: Users will be able to open a savings account that will earn interest on their balance.
- Investment account: Users will be able to invest their money in various assets and markets.
Leatherback is a new player in the neo-banking space that aims to disrupt the traditional money transfer industry by offering a faster, cheaper, and easier way to send and receive money across borders. With its innovative features and customer-centric approach, Leatherback hopes to become a trusted partner for millions of people around the world who need to move money globally.
