Verto provides a unified platform for cross-border payments, enabling businesses to manage multi-currency accounts, automate financial tasks, and streamline global transactions through robust APIs. This solution addresses the complexities of international payments, reducing transaction costs by up to 40% and improving processing times by 30%.
Funding
$12.3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
MMFounders
Product
Problem
Businesses face complexities in managing cross-border payments, including high transaction costs, lengthy processing times, and the need to manage multiple currency accounts. These inefficiencies hinder global transactions and increase operational overhead.
Solution
Verto provides a unified platform designed to streamline cross-border payments, enabling businesses to manage multi-currency accounts and automate financial tasks. The platform offers business accounts, corporate cards, expense management tools, invoice payments, and FX & treasury management, all accessible through a robust API. By centralizing currency management, Verto aims to provide businesses with confident financial control and streamlined operations, reducing transaction costs and improving processing times. The platform supports local and international payments, allowing businesses to expand their international reach and improve customer satisfaction.
Target Audience
Verto targets startups, mid-size companies, and enterprises that require efficient cross-border payment solutions and multi-currency account management.
Features
- Multi-currency business accounts to simplify international transactions.
- Corporate cards for smart spending with instant access and enhanced control.
- Expense management tools to track expenses, gain insights, and ensure efficiency.
- Instant payment link generation for streamlined online billing.
- FX & Treasury Management to manage market volatility with real-time access to 49 currencies.
- Payments APIs for instant and reliable payments across borders.
- Multi-Currency Accounts API to manage multiple currencies effortlessly.
- Multi-Currency Wallets API to handle various currencies within a single wallet.