LBC started in 2023 with the notion that payment processing requires a more independent mediation approach between merchants, PSPs, and acquirers. Being onboarded with only one payment provider ultimately limits a business's ability to reduce risks and costs. Furthermore, it hinders the merchant's ability to approach and adapt to emerging markets.

With LBC, merchants and PSPs can process worldwide payments through a vast network of Tier 1 (T1) acquirers and aggregators. That said, at first, it was not easy to establish sustainable partner relationships. Allocating the right partners can be challenging, especially due to the fact that the payment landscape is constantly evolving. As a result, it takes time to evaluate how well your partners adapt to evolving financial markets and business models.