_techcrunchSource.png?alt=media&token=9e692c29-55a7-4c2b-88fa-59679321178b)
Verto claims a quarter of SVB customers operating in Africa are opening accounts on its platform
#banking
#banking
#startup
Verto, a London-based B2B cross-border foreign exchange (FX) and payments enabler for startups and small businesses, said it has acquired a quarter of Silicon Valley Bank (SVB) customers from Africa and the MENA region.
London-based B2B cross-border foreign exchange and payments firm Verto has acquired a quarter of Silicon Valley Bank's customers from Africa and the Middle East and North Africa region following the US bank's recent collapse. The acquisition includes more than 60 companies and venture firms, some with headquarters in the US and Europe. Verto provides a cross-border platform allowing businesses to send, receive and exchange money in over 190 countries, while customers can hold funds in their Verto accounts in up to 51 currencies. Verto recently launched safeguarded USD accounts to protect customers from financial shocks.
Read more on TechCrunch
Top comments(0)
SEND
