Key Developments

London-based Fintech Verto Partners with UBA to Enhance Cross-Border Transactions in Kenya

Verto, a leading London-based fintech and payment solution provider, has announced a strategic partnership with the United Bank of Africa (UBA) to streamline cross-border transactions for Kenyan entrepreneurs, small-scale businesses, and corporations.

This collaboration aims to address the growing demand for seamless and efficient international trade solutions in the East African region.

Verto’s comprehensive platform offers cutting-edge financial services, including foreign bank accounts, instant currency exchange, and international money transfers, empowering businesses to operate seamlessly across borders.

With the capability to hold funds in over 51 currencies, Verto’s platform caters to the diverse needs of businesses seeking global expansion.

“Verto’s partnership with UBA marks a significant milestone in our mission to simplify cross-border payments for businesses in East Africa,” stated Kevin Nganga, Country Director for Verto in Kenya.

“By aligning with UBA, we are strategically positioned to address the complexities of international trade and provide businesses with the tools they need to thrive in the global marketplace.”

Verto boasts an established financial ecosystem worth $3 billion, serving a growing customer base of over 3,000 businesses in Kenya, including industry leaders such as MTN, Yoco, and Interswitch.

The company’s focus on businesses in the travel & tourism, education, telecommunications, and import/export industries aligns with Kenya’s key economic sectors.

UBA, with its extensive pan-African presence and deep understanding of the region’s financial landscape, brings complementary expertise to the partnership.

Together, Verto and UBA are committed to bridging the gap in cross-border financial services and supporting the growth of businesses across East Africa.

Kenya’s fintech sector has witnessed remarkable growth in recent years, driven by increasing tech adoption and the transformative impact of mobile financial services.

The partnership between Verto and UBA further reinforces Kenya’s position as a hub for financial innovation and its commitment to facilitating cross-border trade within East Africa and beyond.

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