VertoFX
OperatingVerto is a global B2B payments solution that helps businesses send money to anyone, anywhere
- Finance
- Lagos, Nigeria
- Grant
- Founded 2017
- vertofx.com ↗
- Total raised
- $12.3M
- disclosed
- Last round
- $100K
- Grant
- Rounds
- 6
- since 2017
- Investors
- 13
- on record
- Employees
- 11-50
About VertoFX
Verto is a global B2B payments solution that helps businesses send money to anyone, anywhere. Using a purposefully built tech infrastructure and payment rails, you can instantly send and receive money in over 200 countries. Today, Verto helps 1000+ customers from startups, SMEs to large corporate companies convert $millions per year. Using our liquidity and price discovery marketplace solution, new customers can convert between 39 currencies, open bank account or wallets in seconds and make payments on a single platform.
VertoFX funding6 rounds
All 6 rounds →VertoFX has raised $12.3M across 6 disclosed rounds. The latest is a $100K Grant announced 16 Oct 2024, led by Milken-Motsepe Innovation Prize Program.
- $150KPre-seedPre-seed, $150K, $150K raised to date
- $2.1MSeedSeed, $2.1M, $2.3M raised to date
- $10MSeries ASeries A, $10M, $12.3M raised to date
- $100KGrantGrant, $100K, $12.3M raised to date
SLA Funding Index · grey is capital raised before each round · 2 undisclosed rounds not drawn
Who has invested in VertoFX
| Announced | Round | Lead · investors | Amount |
|---|---|---|---|
| 16 Oct 2024 | VertoFX Grant | Milken-Motsepe Innovation Prize Program | $100K |
| 30 Sep 2021 | VertoFX Series A | Quona Capital +6 | $10M |
| 19 Aug 2019 | VertoFX Seed | Y Combinator | Not disclosed |
| 19 Jul 2019 | VertoFX Seed | ADV +3 | $2.1M |
| 29 Mar 2019 | VertoFX Seed | Ventures Platform | Not disclosed |
| 15 Mar 2019 | VertoFX Pre-seed | Y Combinator | $150K |
VertoFX founders & team
- Anthony OduwoleCo-Founder & CTO/CPO
- Ola OyetayoCo-Founder & CEO
VertoFX competitorssame sector · similar funding
- VIBRALagos, Nigeria
- Aboki AfricaLagos, Nigeria
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Frequently asked about VertoFX
- Where is VertoFX based and when was it founded?
- VertoFX is headquartered in Lagos, Nigeria and was founded in 2017.
- Who founded VertoFX?
- VertoFX was founded by Anthony Oduwole (Co-Founder & CTO/CPO) and Ola Oyetayo (Co-Founder & CEO).
- Who is the CEO of VertoFX?
- Ola Oyetayo is VertoFX's Co-Founder & CEO.
- How much funding has VertoFX raised?
- VertoFX has raised $12M across 6 disclosed rounds. Its latest, a $100K Grant, was announced on Oct 16, 2024.
- Who has invested in VertoFX?
- Backers include Milken-Motsepe Innovation Prize Program, Quona Capital, The Treasury, Middle East Venture Partners (MEVP) and 9 others.
- What sector is VertoFX in?
- VertoFX operates in Finance, Financial Services and FinTech.
