Verto, the global fintech driving seamless cross-border payments, FX, and banking solutions in emerging markets, has introduced the Verto Global Business Award—a game-changing initiative designed to recognize and accelerate the growth of early-stage startups.
With a total prize pool of $15,000, the award will highlight high-potential, sector-agnostic startups with global ambitions, equipping them with the resources to scale, expand into new markets, and build international supplier connections. This initiative reinforces Verto’s commitment to eliminating payment barriers and fostering seamless global trade.
Starting February 6, 2025, applications will open for early-stage startups operating for a maximum of two years in South Africa, Nigeria, and Kenya. Winners will be selected based on their market impact, innovation, and business growth potential. Eligible startups must demonstrate operations in multiple markets and active international supplier relationships.
The competition will award: Grand Prize: $10,000; Runner-Up: $3,000 and Second Runner-Up: $2,000.
Winners will be announced on October 10, 2025, receiving financial support to accelerate global expansion and streamline cross-border operations.
Speaking on the launch of Verto Global Business Award, Ola Oyetayo, CEO and Co-Founder of Verto said: “The world today is more connected than ever, and for startups, access to global markets isn’t just an advantage - it’s a game changer. Payments are at the heart of this, and, at Verto, we’ve spent years breaking down financial barriers, enabling businesses to send and receive money effortlessly while connecting Africa and other emerging markets to the world. The Verto Global Business Award takes this a step further, equipping the next generation of entrepreneurs with the resources and global recognition they need to scale and compete on a global stage."
According to the World Trade Organization, 29% of global GDP is now linked to international trade, with this figure steadily rising. In Africa, intra-continental trade is expected to boost income by $450 billion by 2035, highlighting the enormous opportunities available and the growing need for businesses to expand beyond their local markets. The Verto Global Business Award is designed to help startups tap into this growth, fostering innovation and supporting businesses in Africa’s economic transformation.
Since its launch in 2017, Verto has remained at the forefront of facilitating cross-border transactions. With its cutting-edge technology, the company enables businesses of all sizes to make secure and seamless cross-border payments, convert between 50 currencies at competitive exchange rates, and instantly send and receive money in over 200 countries.
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