Africa Angel Investors Network

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VertoFX

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B2B payments platform that allows small and medium-sized enterprises (SMEs) to make payments to their suppliers


Location: Nigeria
Website: https://www.vertofx.com/
Sector: Finance
Funding Stage: Seed, Series A, Grant,
Total Funding ($m): 13.1
# of Founders: 2
Founding Year: 2018
Funding Year: 2025
Status: Active
YearAmountStageInvestors
2019$2.1mSeedAccelerated Digital Ventures (ADV), ACE & Company, Oyster Ventures, Y Combinator
2021$10mSeries AQuona Capital, Treasury, Middle East Venture Partners, TMT Investments, Unicorn Growth Capital, Zrosk Investment Management, P1 Ventures
2025$1mGrant Milken-Motsepe Innovation Prize Program
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Ola Oyetayo
Co-Founder & CEO
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Seed $2.1m
Accelerated Digital Ventures (ADV), ACE & Company, Oyster Ventures, Y Combinator

Series A $10m
Quona Capital, Treasury, Middle East Venture Partners, TMT Investments, Unicorn Growth Capital, Zrosk Investment Management, P1 Ventures

Grant $1m
 Milken-Motsepe Innovation Prize Program


News
https://launchbaseafrica.com/2025/05/09/billionaire-backed-1m-fintech-prize-awarded-to-nigerian-born-uk-startup-verto/