London, 8 February 2022 – Verto, the leading B2B cross-border foreign exchange (FX) and payments enabler, today announced a partnership with payments specialist Acquired to deliver their innovative ecommerce wallet top-up and payment functionality.
The cross-border payments industry has traditionally been associated with high transaction costs and complex processing. Verto’s fully integrated platform allows companies to access very competitive FX rates, and send and receive money at scale, facilitating rapid business payments worldwide.
The collaboration between Verto and Acquired will enable instant top up payments and payment collections worldwide through a combined ecommerce top-up and pay-by-link solution. This solution will support Verto’s clients, enabling them to top-up their digital wallets and multi-currency accounts through card payments and collect payments in different currencies. This industry-leading solution will accelerate suppliers’ time-to-market as they can manage payments much more efficiently.
With access to Acquired’s multi-acquirer connectivity, Verto also plans to enter more markets as it expands its global footprint.
Commenting on the partnership, VP of Product and Analytics at Verto, Irakli Menabde said: “We are delighted to take the first step into another vertical and venture into the payments space. Ecommerce is a rapidly growing space especially in the Emerging Markets, and Verto aims to become one of the world’s leading enablers across payments and foreign exchange.”
He continued: “We knew that Acquired would be the right fit for us because of their focus on customer support and communication which is second-to-none in the payment processing space. We have really benefitted from their dedicated integration team and account management through the onboarding process. Choosing a partner with multi-acquirer connectivity was a must, as we have ambitious global growth plans.”
Grant Evans, Head of Partnerships at Acquired, commented: “We are excited to be supporting Verto as they expand their global reach. Our industry-leading payments solutions are built for scale and are supported by an exemplary customer-centric service. Verto have seen the tangible value in our multi-Acquirer connectivity and unrivalled customer support team. This partnership also strengthens our footprint within the fintech community, and we are looking forward to supporting this thriving business as they expand over the coming years.”
Verto has recently released its enterprise API product and is about to launch its Corporate Card product, which will enable their customers access to a truly global, fintech multi-currency ecosystem.
Acquired is a London-based payments specialist who offer tailored payment processing and digital banking solutions. Acquired’s solutions are custom built to overcome the challenges faced when collecting and remitting funds and they continuously innovate to build customer-led services. Acquired’s deep data expertise and consultative approach streamlines and digitises payments, enabling businesses to accelerate their growth. Acquired are an FCA regulated business, an EMD Agent and a licensed Payment Initiation Service Provider.
Verto is a London-based B2B payments start-up that helps businesses send money to anyone, anywhere. Using a purposefully built tech infrastructure and payment rails, businesses can instantly send and receive money in over 200 countries. Today, Verto helps 2000+ customers, from start-ups and SMEs to large corporates, converting and transferring $1.5 billion every year. Using Verto’s own liquidity and price discovery marketplace solution, new customers can convert between 51 currencies, open bank accounts or wallets in seconds and make payments on a single platform.