Verto Launches Global Business Award to Fuel African Startup Expansion

African startups looking to scale globally now have a new opportunity to access funding, recognition, and resources. Fintech leader Verto has launched the Verto Global Business Award, designed to support early-stage businesses in expanding beyond local markets and into the global economy.

Why It Matters

In today’s interconnected world, cross-border trade is becoming essential for business success. According to the World Trade Organization, 29% of global GDP is linked to international trade, and this number continues to grow. For African startups, intra-continental trade is projected to boost income by $450 billion by 2035. The Verto Global Business Award aims to help startups tap into this growth by providing financial support and strategic connections to help them scale internationally.

What’s in It for Startups?

Verto is offering a range of incentives to help startups expand globally:

• Cash Prizes – Win up to $10,000 to fuel business growth.
• Global Recognition – Gain international exposure and credibility.
• Resources to Scale – Access tools and connections to expand into new markets.

Who Can Apply?

Startups that meet the following criteria are encouraged to apply:

• Operated for approximately two years.
• Based in South Africa, Nigeria, Kenya, the US, the UK, and other key global markets.
• Have demonstrated potential for international market expansion.

Selection Criteria

Applications will be judged based on:

• Market impact
• Innovation
• Business growth potential
• Demonstrated operations in multiple markets
• Connections with international suppliers

How to Apply?

Applications for the Verto Global Business Award open on 1st March 2025 and close on 31st August 2025. To apply, fill out the online application form.

Winners will be announced on 10th October 2025.

Why Verto?

Verto is a global B2B financial technology firm specializing in cross-border payments, FX, and banking solutions. With a purpose-built payment infrastructure supporting transactions in 170+ countries and 49 currencies, Verto helps over 4,000 businesses, from startups to large enterprises, send and receive millions of dollars annually.

As a licensed and authorized financial services provider (FSP: 52835), Verto is committed to breaking down financial barriers and equipping the next generation of entrepreneurs with the tools to succeed in the global marketplace.

Don’t Miss Out!

If you’re an African startup with global ambitions, this is your chance to access funding, scale internationally, and gain industry recognition. Apply now and take your startup to the next level!