VertoFX, a London-based foreign exchange (FX) platform and cross-border payments solution, has acquired Indian software developer and engineering innovation studio Locusnine. In a blog post announcing the news Thursday (Aug. 18), the companies said Locusnine has been an important partner for VertoFX since 2019, when...
Remittance corridors that connect African nations to economies in Europe, the Middle East and the U.S. provide a vital lifeline for many individuals moving money across borders. Now, a new wave of FinTech firms are increasingly challenging the dominance of traditional cross-border transfer solutions like...
Today in B2B payments, almost half of firms are automating their accounts payable processes as digital solutions provide business-changing information. Plus, meal delivery service Factor launches the Factors for Teams B2B program and SaaS startup Clear adds supply chain technology platform Xpedize. 48% of Firms...
Cross-border B2B payments and foreign exchange platform Verto has upped the number of currencies in which its customers can convert and make payments. As IBS Intelligence reported Wednesday (March 15), Verto customers can now accept and send payments instantly in 12 new currencies using a...
August 02, 2019
Cross-border trade brings with it inefficiencies in cross-currency transactions, especially for firms in emerging markets. Liquidity and transparency are lacking for so called “exotic” currencies. Fresh off a seed funding round, VertoFX Co-Founder Anthony Oduwole tells Karen Webster why an online marketplace model helps kill the pain points, and cuts out the correspondent banking middleman.
August 18, 2022
VertoFX, a London-based foreign exchange (FX) platform and cross-border payments solution, has acquired Indian software developer and engineering innovation studio Locusnine. In a blog post announcing the news Thursday (Aug. 18), the companies said Locusnine has been an important partner for VertoFX since 2019, when the two firms first started working together to build Verto’s […]
December 02, 2021
The B2B cross-border payments provider VertoFX is working with Banking Circle to streamline international payments. Banking Circle announced the project on it website this week, saying Verto would use the...
