Verto, a B2B global payments platform, has launched The Atlas Suite, an API platform for financial institutions, online marketplaces, and digital platforms to integrate global payment services seamlessly.
Verto says the API is available to all its customers worldwide and will simplify operational, regulatory, and cost challenges of international transactions, particularly in high-growth emerging markets.
According to Ola Oyetayo, CEO of Verto, “We have seen firsthand how complex and costly it is for businesses to expand into new markets and move money, especially across Africa. Atlas is a game-changer, removing these barriers and giving our partners the freedom to grow.”
Unlike other regions, Africa has fragmented financial systems, with complex regulations, limited local banking access, high operational costs, and volatile currencies, making it extremely hard to move money. Atlas aims to solve this by providing instant access to local accounts, deep FX liquidity, and compliant infrastructure across 49 currencies.
With these, firms can expand into and out of Africa, process payments, and unlock new opportunities for growth and cross-border trade with ease.
There is an API or an ‘Atlas for Fintechs’ and an ‘Atlas for Platforms’. For fintechs, banks, and other financial institutions the API allows firms to integrate Verto’s banking, FX, and payment infrastructure directly into their platforms, eliminating the need to build internal solutions or secure multiple local licenses.
Fintechs can offer local virtual accounts to their customers in over 12 markets, execute FX 24/7 and instantly between 49 currencies, and make international payments to over 100 countries – with payments coming out in their businesses’ names.
On the other hand, the API for platforms allows non-financial businesses – such as marketplaces, or e-commerce platforms, to embed financial services directly into their existing products. Firms can embed payments, banking, and FX, eliminating the need for licensing, expertise, and in-house development.
White label brokers can use the API to offer Verto’s services under their own brand and markup FX at their desired rate. Atlas allows brokers and firms to open local collection accounts across Africa, manage multiple sub-accounts, and move seamlessly between currencies with built-in FX options. Atlas also also support last-mile payouts, enabling remittance and payroll firms to do instant mass payments instantly via bank transfer or mobile money.
Recently, Verto launched a new accounts payable solution designed to significantly reduce the time, cost, and complexity of managing international business payments. Integrated into the Verto Accounts product, the feature directly addresses the inefficiencies and risks inherent in manual invoice processing, enabling finance teams to streamline operations and enhance financial controls.
Speaking about the solution, Tomasz Bilakiewicz, Product Director at Verto, said: “Beyond the challenge of navigating the foreign exchange landscape and managing multi-currency payments, which has long been a significant hurdle, finance teams are often bogged down by repetitive, error-prone tasks that should be automated. Our new solution addresses both hurdles, giving businesses the speed and accuracy they need to stay on top of payments. This frees up time and mental energy, allowing finance teams to focus on more strategic initiatives such as performance analysis, improved forecasting, and driving better business decisions.”
Key features of the new solution include an automated data extraction and pre-filled payment forms to cut down on manual entry and reduce errors, direct payments from uploaded invoices to speed up the process, support for 49 currencies and intelligent beneficiary matching and attached invoices for better tracking and visibility.
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