What Verto does

Verto is a London-headquartered B2B cross-border payments platform founded in 2017 that enables businesses — primarily operating in or transacting with emerging markets, especially Africa and the Middle East — to send, receive, and convert money across 190+ countries and 49 currencies in real time. The platform combines multi-currency business accounts, FX and treasury management (Spot FX, OTC FX, Auto-Exchange, and a peer-to-peer currency marketplace), local collection and payment rails in 50 countries, prepaid Mastercard corporate cards issued via partner Monavate, and an embedded finance layer (Verto Atlas) that lets fintechs and platforms integrate Verto's FX, sub-accounts, collections, and payouts via APIs. Underlying integrations span SWIFT, SEPA, FPS, ACH, NIP, and M-Pesa rails, with REST APIs, webhook-driven status updates, idempotent retries, and a self-certified sandbox environment.

Verto is regulated as an Electronic Money Institution by the UK FCA (FRN 901073) and the DFSA in DIFC (F005704), with operational coverage across at least 8 jurisdictions (UK, US via Global Innovations Bank sponsorship, Canada, Nigeria, South Africa, Kenya, UAE, Tanzania) and is ISO 27001 certified by BSI. The company operates regional hubs in London, Dubai (DIFC), and Lagos (opened November 2025, 25+ employees) and is led by Co-Founder and CEO Ola Oyetayo alongside Co-Founder/CTPO Anthony Oduu, COO Tim Rudman, VP of Technology Sumit Maingi, and Marketing & Growth Director Tom Stuart.

Verto's revenue is generated through FX markup on currency conversion, recurring monthly subscription fees across tiered plans (including a freemium tier), usage-based overage fees on payment transactions, card-related fees (setup, delivery, monthly maintenance, ATM withdrawals, inactivity, chargebacks), and embedded API fees from Verto Atlas partners. The customer base spans startups, mid-market scale-ups, and enterprise multinationals (Unilever, Maersk, MTN, IHS, Sun King) alongside fintechs and platforms (d.local, Lemfi, Paystack, Monavate) and SMEs. Verto is venture-backed, with a $10 million Series A led by Quona Capital in September 2021 and no subsequent funding rounds disclosed in the input; in 2022 it acquired Locusnine to expand technology capabilities.

Name

Verto

Legal name

VertoFX Ltd

Website

https://vertofx.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

101–250 employees

Short description

Verto is a London-based B2B cross-border payments platform that provides multi-currency business accounts, real-time FX across 49 currencies, and embedded finance APIs (Verto Atlas) to startups, mid-market companies, and enterprises operating primarily in African, Middle Eastern, and other emerging markets.

Ownership category

akta.pro rank

Product category

Cross-Border Payments Platform

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

SME & Business Cross-Border Payments (B2B) (FSAMAIAB)

akta.pro secondary industries

Cross-Border & FX Payments Platforms (BPAMAFAK), Multi-Currency Accounts, Wallets & FX Management (Consumer/SME) (FSAGAKAF), Cross-Border B2B2C Payouts (Mass Payouts, Gig/Creator, Marketplace) (FSAGAKAC), Biller Direct EBPP Platforms (FSAMAJAA)

Keywords

• Cross-border payments
• Multi-currency accounts
• Foreign exchange services
• Embedded payments infrastructure
• Business treasury management

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices7 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales, Supply Chain

Revenue model

1. FX Markup on Currency Conversion: Revenue generated via markup embedded in Exchange Rate applied to FX Transactions (Spot FX, OTC FX, Auto-Exchange). FX markup varies by currency. Quoted at mid-market or best available rate with embedded fees.
2. Subscription / Monthly Fees: Monthly Subscription Fee depending on selected Pricing Plan; invoiced by end of first day of each month and deducted by fifth day. Free Pricing Plan available with no monthly fees.
3. Overage Fees: Additional fees charged when a customer exceeds their Allowance under their selected Pricing Plan for Payment Transactions.
4. Card Fees: One-time card setup fee (£19.99 + VAT), physical card delivery fees (£7.50 Europe, £8.50 RoW), additional card fees (£10 + VAT), monthly maintenance (£1 + VAT per active user), ATM withdrawal fees (2.5%), inactivity fee (£5/month after 4 months idle), and chargeback fee (£15).
5. Embedded Platform / API Fees (Verto Atlas): Revenue from embedded finance partners (fintechs and platforms) using Verto Atlas API for collections, payouts, FX, and sub-account management.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels13 records

Core offering

Verto operates a B2B cross-border payments platform that enables businesses to open multi-currency accounts, accept payments from 190+ countries, hold balances in 49 currencies, execute FX conversions (Spot, OTC, Auto-Exchange), and disburse international payouts via local rails. The platform combines three product pillars: Verto Accounts (multi-currency business accounts and cards), Verto FX (treasury management), and Verto Atlas (embedded finance APIs for fintechs and platforms).

Product overview

Verto operates a unified B2B cross-border payments platform composed of three core product pillars. Verto Accounts is the multi-currency business account suite offering Global Account, Local Account, Multi-Currency Wallet, V-Pay, International/Local Payments, Payment Links, Virtual/Physical Cards, and Treasury Management — enabling businesses to open local accounts and execute cross-border transfers across 190+ countries. Verto FX is the foreign exchange and treasury management module providing real-time access to 49+ currencies via Spot FX, OTC, and Auto-Exchange functionality. Verto Atlas is the embedded finance platform/API product that allows fintechs and platforms to integrate Verto's FX, banking, and payments infrastructure (embedded collections, payouts, and sub-accounts) directly into their own solutions. Complementing these core products are the Verto Pay mobile app (SME borderless payments), the Verto Card (Mastercard-issued prepaid card), the Verto WhatsApp Bot (real-time FX rates), and the Verto Marketplace (peer-to-peer FX liquidity trading). The platform collectively processes over $10 billion in global payments annually.

Differentiator

Problem solved

Functional benefit

Brands

• Verto Accounts: Multi-currency business accounts, local accounts, global accounts, multi-currency wallet, payment links, and physical/virtual cards for global businesses.
• Verto FX
• Verto Atlas
• Verto Pay

Products and services

• Verto Accounts (Business Accounts) Multi-currency business account suite enabling companies to open local accounts, hold multi-currency funds, accept payments in native currency across 190+ countries, convert at interbank rates, and execute high-speed global transfers. Designed for startups, mid-size companies, and enterprises operating internationally.
• Verto FX FX and treasury management module providing real-time access to 49+ currencies with Spot FX, OTC (over-the-counter) trades, and Auto-Exchange (automated execution at pre-agreed target rates), plus a peer-to-peer Verto Marketplace for FX liquidity. Built for enterprises needing to manage FX volatility and optimize global finances.
• Verto Atlas Embedded finance platform for fintechs and platforms that provides API-based access to Verto's FX, banking, and payment infrastructure, including embedded collections, embedded payouts, and KYB-managed downstream sub-accounts with scoped wallets. Targeted at fintechs and platforms needing cross-border payments infrastructure without building it from scratch.
• Verto Pay Mobile App Mobile application for SMEs providing borderless payment functionality, available on iOS App Store and Google Play Store. Enables businesses to manage multi-currency accounts, make and receive payments, and convert currency on the go.
• Verto Card Physical and digital prepaid Mastercard-issued card for business purchases and ATM withdrawals worldwide. Issued by Monavate Limited under Mastercard license and linked to Verto Wallets and Global Account balances, enabling card transactions online, over the phone, in person, and ATM withdrawals globally.

Quantifiable outcome

• 30% processing time reduction for cross-border transactions
• +3 more outcomes

Named customers14 records

Segments19 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

Feature6 records

Partnerships

Seven partnerships are on record, tiered strategic - acquired by verto, core infrastructure partner, core us operating partner, strategic card scheme partner, critical regulator for uk operations and critical regulator for uae operations.

• Locusninestrategic - acquired by vertoTechnology or Integration · 22 August 2022Cross-border payments firm Verto acquired Locusnine. Acquisition expanded Verto's technology capabilities.
• Monavate Limitedcore infrastructure partnerOEM/ Whitelabel/ Licensing PartnerMonavate Limited is the card issuer of the Verto Card under Mastercard licence (FRN 901097). Provides the prepaid card infrastructure for both physical and digital Verto Cards and handles related customer data.
• Global Innovations Bankcore us operating partnerStrategic or Co-development PartnerVertoFX Inc operates in the USA through a sponsorship account (Sponsorship Account) partnership with Global Innovations Bank; VertoFX Ltd is the service provider. Bank acts as custodian of client funds in the Settlement Account and is a third-party beneficiary of the agreement.
• Mastercard Internationalstrategic card scheme partnerOEM/ Whitelabel/ Licensing PartnerVertoFX cards are issued under licence by Mastercard International Incorporated via Monavate. Mastercard provides the Card Scheme under which the Verto Card operates globally.
• Financial Conduct Authority (FCA)critical regulator for uk operationsOthersVertoFX Ltd is authorised by the FCA under the Electronic Money Regulations 2011 (FRN 901073) for issuing of electronic money and provision of payment services in the UK.
• Dubai Financial Services Authority (DFSA)critical regulator for uae operationsOthersVerto Dubai (VertoFX Ltd DIFC Branch) is regulated by the DFSA (Registered Number 8041, FRN F005704) and authorised for 'Providing Money Services' and 'Advising and Arranging on Money Services' in or from the DIFC.
• The British Standards Institution (BSI)Others

Scale indicators10 records

Recent moves8 records

Expansion highlights6 records

Market position

Strengths5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/VertoFX
• Facebookfacebook.com/vertofx
• LinkedInlinkedin.com/company/vertofx
• Instagraminstagram.com/vertofx

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries5 records

Funding overview

Funding rounds4 records

Investors13 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Verto