VertoFX
VertoFX, based in London, is a fintech company specializing in international payments and foreign exchange solutions for businesses, regulated by the UK's Financial Conduct Authority.
Company Overview
VertoFX is a fintech company based in London, England, United Kingdom. The company specializes in banking and exchange services and helps businesses make international payments safely, simply, and timely. VertoFX connects businesses, liquidity providers, FX brokers, payment institutions, and banks through its comprehensive marketplace. The company serves a global customer base and operates across multiple regions, including the United Kingdom, Europe, and remote locations. VertoFX has a team size of 10 and is recognized as a member of the Y-Combinator W19 batch.
Services
VertoFX offers a suite of services designed to facilitate international business transactions. These services include solutions tailored for the creator economy, global payroll, infrastructure & construction, logistics & distribution, marketplaces, manufacturing, and online retail. Key offerings include the collection of global payments with a single account, currency conversion across 49 currencies at market-beating rates, fast and secure cross-border payments, and the ability to hold up to 49 currencies in a multi-currency wallet. The company also provides an API for automating entire payments operations and features Verto Connect, a platform for streamlining global business interactions.
Products
VertoFX provides a range of products to support international business operations. The company's product lineup includes tools for collecting payments, converting currencies, making payments, holding funds, automating financial operations, and connecting with business partners. These products are designed to help businesses manage their financial transactions more efficiently and cost-effectively. A standout feature is the multi-currency wallet that allows businesses to hold 49 currencies, providing flexibility in managing international funds. Additionally, VertoFX offers an API to automate payments operations, enhancing overall operational efficiency.
Regulation and Compliance
VertoFX is regulated by the UK's Financial Conduct Authority (FCA) and holds an Electronic Money Institution (EMI) licence with the reference number 901073. This regulatory compliance ensures that the company's operations meet stringent safety and security standards, providing businesses with confidence in using VertoFX's platform for their international payment needs. The FCA regulation also underscores VertoFX's commitment to adhering to the highest standards of financial practices and customer protection.