Yakubu
This has led to the rise of fintech startups in Africa, offering businesses and individuals products that enable them to own accounts in currencies aside from the local ones in their base.
Leatherback, a fintech startup on the rise, has introduced ways to shake up the ecosystem and do its part to make the world borderless in the future.
On the Leatherback app, features abound.
In Nigeria, users get a Naira account in the UK, users get a Pound account.
This feature immediately sets the stage for yet another fintech startup that wants to compete in an ecosystem where the dollar is very important.
With the CBNs new policies, which aim to get more transactions done in Naira by companies that only work in Naira, its up to these fintech startups to fill the gaps these policies have left with creative solutions.
Only a lack of valid IDs and proof of address can deter young Nigerians and the long streak of companies catering to them from transacting in this highly competitive market.
Users setting up business accounts on Leatherback would need to do more than the regular upload of valid IDs and address verification documents.
Keypoints
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