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VertoFX raises $2.1 million

London based provider of a currency trading and payments platform, focused on Africa and emerging markets, raised $2.1m in Series Seed funding led by Accelerated Digital Ventures.

“Our research says there’s about $400 billion being done by small and medium scale businesses in Africa alone in transactional volume on an annual basis. If we take 1 percent of that as a commission or transaction fee, that’s a $4 billion addressable market, just in the continent,” said [VertoFX founder Ola] Oyetayo.

Tags

emerging markets, africa, currency, fx trading, payments