Verto provides a unified cross‑border payments platform that lets businesses open instant local accounts in over 190 countries, hold and convert funds in 50+ currencies at interbank rates, and execute fast, low‑cost global transfers via API or its mobile app. The solution combines multi‑currency wallets, corporate cards, and treasury tools with transparent, usage‑based fees and full regulatory compliance, helping companies reduce FX risk and streamline international payments.
Funding
Funding not disclosed
Founders
Product
Problem
Businesses that operate internationally face fragmented banking relationships, high cross‑border transaction fees, and slow settlement times, which increase operational costs and hinder growth. Managing multiple local accounts and currency conversions adds complexity and exposes companies to FX risk.
Solution
Verto offers a unified cross‑border payments infrastructure that consolidates multi‑currency accounts, local and international payout capabilities, and a suite of digital tools into a single platform. Users can open instant local accounts in over 190 countries, hold and convert funds at interbank rates, and execute high‑speed global transfers via API or the Verto Pay mobile app. The platform includes a multi‑currency corporate card and wallet‑to‑wallet transfers, enabling businesses to pay suppliers, employees, and partners in their preferred currencies without incurring traditional banking fees. Real‑time FX pricing, transparent usage‑based fees, and compliance with global regulatory standards ensure cost‑effective, secure, and compliant transactions.
Target Audience
Primary customers are small to medium‑sized enterprises and larger corporations that need to send and receive payments globally, manage multi‑currency cash flows, and streamline treasury operations.
Features
- Instant local account creation in 190+ jurisdictions with native bank details
- Multi‑currency wallet supporting 50+ currencies and interbank‑rate conversions
- API and SDK for automated payment flows, collections, and payouts
- Verto Pay mobile app with virtual and physical multi‑currency cards, spend controls, and real‑time balance visibility
- Local and international payout options, including fee‑free local transfers and low‑cost SWIFT payments
- Integrated FX risk management tools and forward contract marketplace for hedging
- Treasury management dashboard for fund holding, conversion, and reporting