Verto has launched a new solution under Verto Business Accounts, designed to empower US-registered businesses with operations in Africa. The initiative allows companies to open USD accounts in their own business name, providing a seamless way to move money between the United States and African markets. This addresses a critical need for businesses facing banking limitations, high foreign exchange costs, and fragmented payment processes when transacting with Africa.
The solution is built to overcome traditional banking challenges, enabling US-based businesses to hold, receive, and pay in 48 currencies from a single dashboard. It also allows for fast conversions between USD and local currencies such as NGN and KES, while ensuring lower costs and efficient cross-border settlement. This infrastructure reduces reliance on intermediaries, speeds up transactions, and mitigates the risk of blocked or delayed payments.
Verto Business Accounts is tailored for venture-backed startups, import-export SMEs, and investors funding emerging market innovation. Clients can receive funds directly from US customers or investors, pay contractors and suppliers instantly through local payment rails, and equip teams with virtual cards that operate in 11 currencies without fees. These capabilities streamline operational efficiency and facilitate uninterrupted trade, payroll, and investment flows.
By combining US and African compliance expertise, Verto provides specialised onboarding and monitoring that navigates regulatory requirements across both regions. This empowers businesses to maintain a US domestic presence while leveraging deep liquidity rails for global operations. Founders and operators can now scale with confidence, eliminating the friction typically associated with cross-border financial transactions.
Ola Oyetayo, CEO of Verto, highlighted the strategic importance of this solution for founders building across borders. Verto’s new Business Accounts offering connects the US and Africa more efficiently, providing businesses with the tools and access they need to operate globally, unlock capital, and accelerate growth.
