Ibrahim Ibitade, the co-founder and Chief Executive Officer of the cross-border payments company Leatherback, has recently resigned from his leadership role after a tenure of five years. During his time as CEO, Ibitade played a pivotal role in expanding Leatherback’s international footprint and solidifying its reputation as a reliable entity in the realm of cross-border financial transactions.
The company expressed its appreciation for Ibitade’s unwavering commitment and conveyed its best wishes for his future ventures in an official statement. However, the specific circumstances surrounding Ibitade’s departure from the company were not disclosed.
In the interim, Toni Campbell, who serves as a managing partner at Kinfolk Venture Capital, has been appointed to take over the CEO responsibilities. Campbell expressed enthusiasm about steering Leatherback during this crucial phase, emphasizing the company’s continued dedication to revolutionizing global financial services. Campbell highlighted Leatherback’s commitment to facilitating the effortless transfer of funds across international borders, enhancing customer trust, and providing exceptional value to its clientele.
Additionally, Adedayo Amzat, who holds the position of Group Managing Director and CEO at Zedcrest Group, the principal investor in Leatherback, will be joining the company’s board as a non-executive director. The company’s statement further asserted that with such a seasoned leadership team at the helm, Leatherback is strategically positioned to maintain its status as a formidable force in the global financial services sector. The company aims to simplify cross-border payments, making them more accessible and without geographical constraints.
Leatherback has also been actively positioning itself as a viable alternative to Mercury for African startups, showcasing its robust Know Your Customer (KYC) and Know Your Business (KYB) protocols, as well as its transaction monitoring processes. These efforts have been part of a two-year collaboration with Community Federal Savings Bank, one of Leatherback’s partner banks in the United States, to establish trust and compliance standards.
