Nigerian B2B Payments Startup Verto Raises USD 10 Mn Series A Round

Verto, a B2B payments platform that provides a fast, simple, and reliable way for small and medium-sized enterprises (SMEs) to make payments to their suppliers, has raised a USD 10 Mn Series A round to boost its geographical expansion.

The funding round was led by Quona Capital, alongside The Treasury, Middle East Venture Partners (MEVP), TMT Investments, Unicorn Growth Capital, Zrosk Investments, and P1 Ventures.

Verto is a fast and seamless worldwide payments platform that employs a marketplace solution to efficiently match businesses, especially when one of the currency pairs is an illiquid currency. Its main products include payments, exchange, and multi-currency accounts.