Global Fintech Leader Verto Launches Operations in UAE, Enhancing Cross-Border Payment Solutions
Verto, a leading financial technology company, has officially established its presence in the United Arab Emirates, expanding its international operations from its new Dubai office. The company, which manages an annual transaction volume exceeding $25 billion for major clients including Unilever and Maersk, is set to transform cross-border payment services between the UAE and emerging markets, with a particular focus on African corridors.
The company’s strategic expansion introduces an advanced payment platform designed to streamline international transactions, offering enhanced security and cost-effectiveness for businesses engaged in cross-border trade. The Dubai operation, situated in the Emirates Financial Tower, DIFC, represents a significant milestone in Verto’s global growth strategy.
Helen Ghebreluul, who leads Verto’s UAE operations as country manager, emphasized the strategic importance of the move: “The UAE is a pivotal hub for global commerce, and businesses here demand solutions as dynamic as their operations. Our platform is built to handle the high-value, time-sensitive nature of these transactions, particularly in emerging markets in Africa. We’re not just a service; we’re a critical partner, ensuring that a company’s payments move as fast and reliably as their business.”
The platform’s key features include:
– Rapid settlement capabilities, reducing transaction times from days to hours
– Advanced FX risk management tools, including multi-currency accounts and Auto Exchange functionality
– Complete payment transparency with end-to-end tracking capabilities
Verto’s technology specifically targets major trade corridors connecting the UAE with Nigeria, Kenya, South Africa, West Africa, and China, integrating local operations with sophisticated payment infrastructure across these markets.
CEO and co-founder Ola Oyetayo highlighted the company’s mission: “Businesses are the lifeblood of global supply chains, but they face constant challenges from currency volatility and slow, traditional payment systems. Verto empowers these businesses by giving them the tools to mitigate FX risk, accelerate settlements, and optimize their cash flow. We believe in providing global reach with local strength, leveraging our expertise in key emerging markets to ensure that wherever a company’s goods go, their payments follow instantly and securely.”
The company operates under full authorization from the Dubai Financial Services Authority, providing comprehensive money services, financial advisory, and arrangement services for retail clients, including asset management capabilities. As Verto continues to expand its team in Dubai, the company is positioned to address the growing demand for efficient cross-border payment solutions in the region.
