Click to watchVerto, a B2B cross-border payments firm, has expanded to Dubai to capitalise on surging trade flows between the United Arab Emirates (UAE) and African markets. The company aims to address persistent challenges in currency volatility and settlement delays for businesses operating in these corridors.
The London-based fintech will offer businesses multi-currency wallets, foreign exchange hedging tools, and faster settlement rails from its new base in the Dubai International Financial Centre (DIFC). The move is designed to cut transaction times from days to hours for high-value payments along key routes, including the UAE to Nigeria, Kenya, South Africa, and China.
“Businesses face constant challenges from currency volatility and slow, traditional payment systems,” Ola Oyetayo, CEO and Co-founder of Verto, said in a statement forwarded to Condia. “We are providing the tools to mitigate FX risk, accelerate settlements, and optimise cash flow.”
Traditional banking channels often involve opaque fees and lengthy settlement periods, creating liquidity bottlenecks for traders. Verto’s platform provides end-to-end payment tracking and allows companies to lock in exchange rates to protect against currency swings—a critical function for importers and exporters dealing with volatile emerging market currencies.
“The UAE is a pivotal hub for global commerce, and businesses here demand solutions as dynamic as their operations,” said Helen Ghebreluul, Verto’s UAE Country Manager. “We are a critical partner, ensuring that a company’s payments move as fast and reliably as their business.”
Click to viewVerto is authorised by the Dubai Financial Services Authority (DFSA) to provide money services. Its office is located in the Emirates Financial Tower in the DIFC.
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