Verto, a global fintech company specialising in cross-border payments and banking solutions, has launched the Verto Global Business Award.
This initiative, announced on February 6, 2025, aims to support early-stage startups in South Africa, Nigeria, and Kenya by providing funding and resources to help them scale internationally.
With a total prize pool of $15,000, the award underscores Verto’s commitment to fostering global trade and financial inclusion.
Read also: Smpl Fund I invests $250,000 in Qora71 to support AI, tech ecosystem in MENA
RelatedPosts
Verto’s $15,000 award to boost startup growth
The Verto Global Business Award is designed to break down financial barriers for startups, enabling them to expand into new markets and establish international supplier connections. Eligible startups must have been operating for a maximum of two years and demonstrate market impact, innovation, and growth potential.
The competition will recognise the top three startups, with the winner receiving $10,000, the runner-up $3,000, and the second runner-up $2,000. Winners will be announced on October 10, 2025. This funding aims to empower startups with the resources needed to navigate global expansion and enhance their cross-border operations.
Why this matters for African startups
International trade plays a critical role in economic growth, with 29 percent of global GDP linked to cross-border business. In Africa, intra-continental trade is expected to boost income by $450 billion by 2035, presenting significant opportunities for emerging businesses. However, many startups struggle with financial and operational barriers when expanding beyond their local markets.
Verto, founded in 2017, has been at the forefront of solving these challenges by providing seamless cross-border payment solutions in over 200 countries. Through this award, Verto aims to equip promising startups with the necessary tools and recognition to compete on a global scale.
Read also: Dubai startup qeen.ai brings AI automation to e-commerce with $10 million seed round
How startups can apply
Applications for the Verto Global Business Award open on February 6, 2025. Interested startups can submit their applications online, showcasing their business impact and plans for international growth. The winners will be selected based on their market reach, innovation, and potential for scalability.
With this initiative, Verto is not just offering funding but also creating opportunities for startups to thrive in the global economy. By addressing payment barriers and supporting early-stage businesses, the fintech company continues to drive financial inclusion and economic transformation across emerging markets.