Ibrahim Ibitade, the CEO and co-founder of cross-border payments startup Leatherback, has stepped down after five years in leadership. Under Ibitade’s tenure, Leatherback grew its global footprint and established itself as a trusted player in the cross-border financial services sector. The company expressed gratitude for his dedication, wishing him success in future endeavors. However, no specific reason was given for his departure.
Toni Campbell, a managing partner at Kinfolk Venture Capital, has been appointed interim CEO. Campbell expressed enthusiasm about leading Leatherback through a transformative phase, aiming to enhance global financial solutions. “Our mission is clear: to empower seamless cross-border money transfers, while maintaining trust and delivering exceptional value to our customers,” Campbell said.
Additionally, Adedayo Amzat, Group Managing Director and CEO of Zedcrest Group—Leatherback’s lead investor—will join the board as a non-executive director. The company’s leadership team, now bolstered by experienced individuals, positions Leatherback to continue its journey as a key player in global financial services.
Leatherback has also gained attention as a promising alternative to platforms like Mercury, offering African startups more accessible cross-border payment solutions. In a recent update, Leatherback highlighted its partnership with Community Federal Savings Bank in the U.S., where they spent two years refining their KYC and KYB processes, enhancing their transaction monitoring systems to meet regulatory standards.
With Campbell at the helm, Leatherback remains focused on making cross-border payments more accessible for all.
