Verto
B2B cross-border payments and foreign exchange marketplace for emerging market businesses
What it does
Verto (formerly VertoFX) was founded in 2017 by Ola Oyetayo and Anthony Oduwole to provide a B2B cross-border foreign exchange marketplace for emerging market businesses. Y Combinator-backed Verto allows enterprises to trade multi-currency balances, clear international supplier invoices, and hedge FX risks. It is recognized as a premier international B2B payments engine.
Cross-border B2B paymentsFX / currency exchangeMulti-currency accountsCorrespondent banking / nostro-vostro solutions
Known for
- Y Combinator-backed B2B FX marketplace
- Multi-currency enterprise bank accounts
- International supplier invoice payments
- Emerging market currency liquidity
Model & industry
Infrastructure-as-a-Service (fintech rails)API-as-a-ProductAll / Cross-industry
Funding history
$30.0M
Total raised
2
Rounds
Series B
Latest stage
2023
Latest year
| Date | Stage | Amount | Lead investor |
|---|---|---|---|
| 2023-11 | Series B | $20.0M | Doğan Investment Bank |
| 2021-10 | Series A | $10.0M | Quona Capital |
Source: Condia Funding Tracker
Products & subsidiaries
Verto FX Marketplace · B2B FX ExchangeVerto Multi-Currency Wallet · Virtual Corporate Accounts
Acquisitions
- Locusnine (2021). Software engineering company acquired to boost enterprise product build out.