Success Story of Verto: Revolutionizing Cross-Border Payments in Africa
Success Story of Verto: Revolutionizing Cross-Border Payments in Africa
Ola Oyetayo and Anthony Oduu established their money transfer service after late-night London poker sessions for Nigerian expats. Ola Oyetayo took a daring leap from his safe accountant’s job to venture into the challenging world of transferring money to Africa. While many entrepreneurs have had their ‘eureka’ moments in common settings, Oyetayo’s inspiration was born from a poker game.
Meeting during poker nights, Oyetayo and Oduu, both with impressive financial backgrounds, identified the need for a more efficient money transfer solution for expat Nigerians in London. This marked the inception of Verto, now a thriving company with a global presence and substantial monthly transactions.
Verto secured investments through strategic funding rounds and drew support from noteworthy personalities in the startup ecosystem. The company’s success story includes overcoming initial limitations, embracing innovative solutions, and providing reliable services.
Their journey reflects the essence of entrepreneurship, characterized by calculated risks, perseverance, and a relentless pursuit of excellence. Verto’s commitment to building trust, especially in cross-border transactions, has been pivotal in its growth trajectory.
Looking ahead, Verto aims for expansive growth, navigating regulatory challenges, and exploring untapped markets. With a vision to lead the non-bank financial sector in cross-border payments across Africa, Oyetayo and the Verto team continue to drive towards their ambitious goals.
