Zedcrest fully acquires UK fintech Leatherback, plots Canada and Kenya hubs
What's the deal? ZedcrestDealroom has a profile for this one. Try Dealroom → Group has acquired Leatherback, a UK-based cross-border fintech founded in 2019. The value of the deal was not disclosed.
Why now? The move builds on an existing relationship: Zedcrest led a $10 million pre-seed investment in Leatherback in 2022. The full acquisition converts that early bet into ownership.
What's the endgame? Zedcrest said the deal reflects its ambition to expand its global financial services footprint. Leatherback operates in cross-border payments, an area where demand keeps rising among businesses and individuals moving money across markets.
Where next? Following the acquisition, Leatherback plans to open hubs in Canada and Kenya to oversee its North American and East African operations. The expansion widens Zedcrest's reach beyond its current markets and ties the two regions into its broader strategy.
“This acquisition represents far more than an expansion of our portfolio,” said Zedcrest Group Managing Director Adedayo AmzatDealroom has a profile for this one. Try Dealroom →. He added that it reflects a conviction that the future of financial services “will be shaped by technology, global connectivity, and institutional trust.”
The signal: The deal points to consolidation in cross-border fintech, as investors turn early stakes into outright acquisitions to build integrated, multi-region platforms.
Read more: The Condia
Image credit: Generated with Gemini
