VertoFX is a financial technology company that provides businesses of all sizes with access to enterprise-grade cross-border payment, foreign exchange, and banking solutions through their platform or API. VertoFX was established 2017 by Anthony Oduwole and Ola Oyetayo.

In 2020, the company officially received an e-money institution license(license number 901073) from the Financial Conduct Authority (FCA). Whether you are a start-up, a sole trader, an SME, or a corporation, VertoFX promises that there are no transaction fees for all clients and strives to provide business owners with better global money transfers than traditional banks, which are said to be up to 9 times cheaper in some cases.

VertoFX‘s “Exchange Now or Exchange Later” solutions allow clients to buy and sell foreign currencies. This allows companies to choose rates from a selection of more than 39 global currencies, giving clients the ability to hedge their foreign exchange and trade directly with other companies.

In summary, VertoFX offers business IBAN accounts, multi-currency e-wallets, foreign exchange, cross-border payments, payment acceptance, payment API, and payment links to freelancers, SMEs, corporates, and online merchants.

We could not find any negative information about this payment provider, plus the fact that it meets all our criteria, we rate it Green.