Information on the Target

Verto is an innovative global B2B payments platform designed to simplify international transactions for small and medium-sized enterprises (SMEs). The platform empowers businesses to make payments to suppliers across more than 200 countries and in 39 currencies, providing a fast, simple, and reliable service. Recently, Verto successfully raised $10 million in a Series A funding round, led by prominent fintech investor Quona Capital, alongside other notable investors including The Treasury, Middle East Venture Partners (MEVP), TMT Investments, Unicorn Growth Capital, Zrosk Investments, and P1 Ventures.

The funds raised will be utilized to enhance Verto’s platform, facilitating seamless and instant cross-border money transfers. The company aims to address significant challenges within the B2B global payments industry, which is projected to reach nearly USD 200 trillion by 2028—this figure is over six times larger than the retail payments market. Additionally, Verto plans to expand its presence in emerging markets, such as Africa, where the demand for cross-border payment solutions among SMEs remains significantly under-served.

Industry Overview in the Target’s Specific Country

Verto was founded in 2018 by Nigerian entrepreneurs Ola Oyetayo and Anthony Oduwole, both of whom bring extensive experience from top-tier UK banks. Their insights into the complexities and costs associated with international payments, particularly in emerging markets, h