INSUBCONTINENT EXCLUSIVE:
VertoFX, an Africa and emerging markets-focused currency trading and payment startup, has raised a $2.1 million seed round, led by
Accelerated Digital Ventures.The London-based company, with a subsidiary in Lagos, Nigeria, has created a platform that allows businesses
Oyetayo told TechCrunch.There are around 40 global currencies that are considered exotic or illiquid, most of them in frontier markets in
Africa alone in transactional volume on an annual basis
figures, but confirmed it earns a commission, or spread, on each transaction processed on its platform
There are currently 19 currencies on the platform and the ability to settle in 120 countries, including China and the United States VertoFX
Oyetayo.The startup will use the round for platform development, expanding the currencies and gaining licenses in new countries
