Locusnine Innovations
- Company typePrivate
- Founded2017
- HeadquartersPune, India
- Headcount11–50
- GTM typeB2B
- OfferingServices
Locusnine Innovations firmographics
Firmographics- Name
- Locusnine Innovations
- Legal name
- VertoFX Ltd
- Website
- https://locusnine.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Where Locusnine Innovations is headquartered
LocationHeadquarters
- HQ city
- Pune
- HQ country
- India
- HQ region
- Asia
Offices1 record
Markets served
Locusnine Innovations business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D
Revenue model
- Cross-border Payment Processing: Transaction fees charged on cross-border payments and international transfers. The platform processes $10B+ annually across its network.
- FX Services: Revenue generated from foreign exchange spreads on currency conversion services across 49 currencies. Includes Spot FX, OTC trades, and auto-exchange features.
- Multi-currency Account Services: Fees associated with multi-currency business accounts, local account openings, and treasury management services.
- API/Embedded Finance (Atlas): Revenue from embedding Verto's FX, banking, and payment solutions into third-party platforms and fintech applications via API.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom enterprise pricing for large organizations requiring comprehensive FX and treasury management solutions |
Go-to-market motion2 records
Distribution channels5 records
Marketing channels7 records
Locusnine Innovations product offering
Product offeringCore offering
Locusnine Innovations provides product management, user experience (UX) design, visual design, mobile app development, and social media marketing services. The firm delivers bundled digital product design and marketing capabilities to clients seeking end-to-end support for their digital products and customer-facing campaigns.
Product overview
Verto is a B2B cross-border payments platform offering a comprehensive suite of financial solutions. The platform operates on a multi-product architecture consisting of three core offerings: Verto Accounts (multi-currency business accounts with sub-products including Global Account, Local Account, Multi-Currency Wallet, V-Pay, International Payments, Local Payments, Payment Links, Virtual Card, Physical Card, and Treasury Management), Verto FX (foreign exchange solutions comprising Spot FX, OTC FX, and Auto Exchange for managing currency exposure across 49 currencies), and Verto Atlas (an embedded finance platform with APIs enabling developers to integrate collections, payouts, and banking infrastructure). The platform also includes the Verto Pay mobile app for SME payments. Together, these products enable businesses from startups to enterprises to accept payments globally, manage multi-currency accounts, execute FX transactions, and integrate payment capabilities via API.
Differentiator
Problem solved
Functional benefit
Brands
- Verto Pay: Mobile application for SMEs providing borderless payment solutions including multi-currency management and international transfers.
- Verto Accounts
- Verto FX
- Verto Atlas
Products and services
- Product Management Services Product management services for businesses seeking outsourced product strategy, roadmap planning, and feature prioritization support for their digital products.
- User Experience Design Services UX design services covering user research, interaction design, and usability improvements for digital products and applications.
- Visual Design Services Visual design services delivering graphic design, brand-aligned interfaces, and aesthetic direction for digital products and marketing assets.
- Mobile App Development Services Mobile application development services for businesses needing iOS and/or Android app design and build, delivered alongside UX and visual design.
- Social Media Marketing Services Social media marketing services for clients seeking content creation, campaign execution, and audience engagement across social platforms.
Quantifiable outcome
- 30% reduction in processing time
- +1 more outcomes
Companies that use Locusnine Innovations
Customer profileNamed customers12 records
Segments13 records
Ideal customer profiles1 record
Locusnine Innovations technology and API
TechnologyTechnology focussed No
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Locusnine Innovations partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core.
- Monavate LimitedcoreMonavate Limited is Verto's card issuing partner, providing Mastercard licensing for Verto's physical and virtual cards. Monavate Limited is an FCA-authorized Electronic Money Institution (FRN: 901097) for issuing electronic money.
- Global Innovations BankcoreVertoFX Inc operates in the USA through a partnership with Global Innovations Bank, where VertoFX Ltd serves as a service provider to the bank for US market operations.
- British Standards Institution (BSI)coreBSI provides ISO 27001 certification for Verto's information security management, validating the company's commitment to international standards for quality, compliance, and continuous improvement.
- Mastercard InternationalcoreMastercard licensing partnership for Verto card products. Mastercard is a registered trademark and circles design trademark of Mastercard International Incorporated.
Scale indicators6 records
Recent moves2 records
Expansion highlights2 records
Locusnine Innovations competitors and assessment
Company assessmentDirect peers
- Wise: Wise operates a global multi-currency account and cross-border payment network with strong FX economics. It competes directly with Verto Accounts and Verto FX for SMB and mid-market cross-border payment volume.
- Airwallex: Airwallex is a B2B cross-border payments platform offering multi-currency business accounts, FX, and embedded APIs for platforms. It is the closest functional and scale analog to Verto across accounts, FX, and Atlas-style embedded finance.
- Payoneer: Payoneer provides cross-border business payments, multi-currency receiving accounts, and mass-payout services to platforms and SMBs. It overlaps with Verto on accounts, FX, and global payouts, especially for marketplaces and freelancer ecosystems.
- Thunes: Thunes operates a global cross-border payments network connecting wallets, banks, and mobile money operators across 130+ countries. It overlaps with Verto on emerging-market payouts and B2B platform integrations.
- Nium: Nium is an embedded payments infrastructure provider offering real-time cross-border payouts, FX, and issuing via APIs. It is a direct parallel to Verto Atlas on the developer/embedded finance axis.
- dLocal: dLocal powers cross-border payments in emerging markets, with a strong presence in Africa, LATAM, and Asia. It is comparable to Verto for emerging-market payment coverage and enterprise platform integrations, and is already a Verto customer logo.
Regional players
- Flutterwave: Flutterwave provides payments infrastructure across Africa with cross-border collection, payout, and FX capabilities. It is comparable to Verto for Africa-focused B2B and platform payment flows, but with primarily regional rather than global emphasis.
Broad incumbents
- Remitly: Remitly is a large digital remittance and cross-border payments player with deep emerging-market corridors. It is comparable to Verto on payout infrastructure and emerging-market reach, though its center of gravity is consumer remittances rather than B2B accounts.
- Revolut Business: Revolut Business extends the Revolut consumer fintech into multi-currency business accounts, FX, cards, and expense tooling. It competes with Verto for SMB and mid-market accounts and FX, though it is part of a much broader consumer-first franchise.
Emerging players
- Mercury: Mercury provides US-domiciled business banking, cards, and treasury to startups and SMBs. It overlaps with Verto Accounts and card products on the SMB axis, though it does not match Verto's multi-currency emerging-market depth.
Market position
Strengths4 records
Weaknesses3 records
Competitive moat2 records
Key risks6 records
Key highlights7 records
Customer concentration
Locusnine Innovations social profiles
Digital presenceLocusnine Innovations compliance and trust
Trust signalCompliance6 records
Locusnine Innovations financial estimates
Financial estimateRevenue estimate
Valuation estimate
Locusnine Innovations leadership team
Management profileNumber of profiles
Locusnine Innovations funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Locusnine Innovations M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Locusnine Innovations
What does Locusnine Innovations do?
Locusnine Innovations provides product management, user experience (UX) design, visual design, mobile app development, and social media marketing services. The firm delivers bundled digital product design and marketing capabilities to clients seeking end-to-end support for their digital products and customer-facing campaigns.
Is Locusnine Innovations a public or private company?
Locusnine Innovations is a private company. It is classified as unknown and is currently operating.
When was Locusnine Innovations founded?
Locusnine Innovations was founded in 2017. It employs 11 to 50 people.
Where is Locusnine Innovations based?
Locusnine Innovations is headquartered in Pune, India, in the Asia region.
How does Locusnine Innovations make money?
Four revenue lines are on record. Cross-border Payment Processing is the primary driver. The others are FX Services, multi-currency Account Services and API/Embedded Finance (Atlas).
Who are Locusnine Innovations's main competitors?
Direct peers on record are Wise, Airwallex, Payoneer, Thunes, Nium and dLocal. Flutterwave is listed as a regional player. Broad incumbents are Remitly and Revolut Business. Mercury is listed as an emerging player.
Does Locusnine Innovations have an API?
Yes. Verto Atlas API enables embedded finance solutions including collections, payouts, and banking infrastructure integration. Provides FX and payment APIs that allow developers to embed cross-border payment capabilities into their solutions. Developers can access documentation and API references for building on Verto's banking and payments infrastructure. Developer documentation is at docs.vertofx.com.