Global payments platform, Verto, has launched a new solution under its Verto Business Accounts offering, enabling U.S.-registered companies to open USD accounts in their own business names and move funds seamlessly between the United States and African markets.
The company said the new service addresses long-standing challenges faced by U.S.-registered firms operating in Africa, who frequently struggle with delayed or blocked transactions, high or opaque foreign exchange charges, and limited access to payment corridors into emerging markets. Many businesses without a dedicated U.S. bank account are often forced to rely on fragmented tools or intermediaries, resulting in inefficiencies that hinder growth.
Verto’s latest offering provides businesses with named USD accounts backed by a robust cross-border payment infrastructure, allowing them to receive and move funds, convert currencies, and settle transactions across Africa with greater speed and predictability.
Designed for venture-backed startups, import–export SMEs and investors financing innovation across emerging markets, the platform enables users to:
- Receive customer or investor payments directly into a named USD business account
- Convert and settle between USD and currencies such as the naira (NGN) and Kenyan shilling (KES) at lower cost
- Hold, receive and pay in 48 currencies from a single dashboard
- Pay contractors, suppliers and offshore teams instantly via local payment rails
- Issue virtual cards for teams to spend in 11 currencies without fees
- Navigate U.S. and African regulatory requirements through specialised onboarding and compliance support
By integrating regulatory expertise from both jurisdictions, Verto says its Business Accounts offering allows companies to maintain a domestic U.S. presence for investors and partners, while leveraging deep-liquidity rails to execute payments and settle trade across Africa efficiently. This, it added, reduces the risk of blocked or delayed transactions and ensures smooth cashflow for payroll, procurement and investment operations.
“We believe founders building across borders should not be constrained by the limitations of traditional banking,” Verto’s CEO, Ola Oyetayo, said. “Providing named accounts in the U.S. empowers businesses with the funds they need to operate globally, connecting the U.S. and Africa more efficiently without friction.”
The launch comes as more African and diaspora-led companies seek streamlined financial infrastructure capable of supporting trade, investment and business expansion between both regions.
