London-based $3 billion fintech Verto in Kenya, partners with UBA

Commenting on the deal the Country Director for Verto in Kenya Kevin Nganga noted that the partnership would leverage Verto’s already-established financial ecosystem worth the $3 billion the company recorded last year. He also disclosed that the deal is closing a huge gap in Kenya’s international trade transactions.

“By aligning with UBA Bank, Verto is strategically positioned in East Africa to tackle the growing complexities of international trade, especially in dealing with different currencies,” Mr Nganga said.

Verto’s customer base in the East African country is estimated to be somewhere around 3000, with significant clients including MTN, Yoco, and Interswitch, according to a report recently issued by the Kenyan news publication, BusinessDaily.

Source: BI