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    Verto Launches $10,000 Global Business Award to Boost Startups

    Verto, a global fintech firm specializing in cross-border payments and banking solutions, has launched the Verto Global Business Award to support early-stage startups with international ambitions.

    Why it matters

    The award aims to break down financial barriers for startups, helping them scale into new markets and build international supplier connections.

    With a total prize pool of $15,000, the initiative underscores Verto’s commitment to enabling seamless global trade.

    The details

    • Applications open on February 6, 2025, for startups in South Africa, Nigeria, and Kenya that have operated for a maximum of two years.
    • The competition will recognize sector-agnostic startups demonstrating market impact, innovation, and growth potential.

    Prizes:

    • Winner: $10,000
    • Runner-up: $3,000
    • Second runner-up: $2,000
    • Winners will be announced on October 10, 2025.

    What they’re saying

    “For startups, access to global markets isn’t just an advantage—it’s a game changer. At Verto, we’ve spent years breaking down financial barriers, and this award takes it a step further by equipping entrepreneurs with the resources and recognition they need to scale globally.”Ola Oyetayo, CEO and Co-Founder of Verto

    The bigger picture

    • According to the World Trade Organization, 29% of global GDP is linked to international trade, and intra-African trade is set to boost income by $450 billion by 2035.
    • Verto, launched in 2017, facilitates cross-border transactions, offering businesses secure payments in over 200 countries and conversions between 50 currencies.

    What’s next

    Interested startups can submit their applications online starting February 6, 2025.


    Source:
    techlabari.com
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