New API-driven Atlas Collection Unveiled by Verto for Streamlined International Transaction Processing

Verto, a leading provider of embedded finance tools, has launched the Atlas Suite. This innovative set of API-first solutions is designed to simplify global payments, particularly for fintechs, online marketplaces, platforms, and white-label brokers operating in Africa.

The Atlas Suite supports local collection accounts and multi-account treasury management, which could potentially revolutionize cross-border payments for travel businesses in Africa. One such travel-tech platform benefiting from this innovation is Kenya's Triply, which has integrated Verto's API to enable global transactional payments. This integration allows faster and more reliable financial services for travel companies, streamlining cross-border payment processes and improving transaction efficiency.

Triply's adoption of the Atlas Suite suggests a potential trend among African tech startups to improve their cross-border payment capabilities. Other startups might find the Atlas Suite beneficial, as it facilitates mass payouts for payroll companies and remittance providers, and includes mobile money and bank transfer integrations across Africa.

Atlas for Platforms enables marketplaces and e-commerce players to embed payments, banking, and FX services without securing licenses or building in-house solutions. This feature could be particularly advantageous for startups looking to expand their services without the burden of additional regulatory compliance.

Atlas for Fintechs allows banks, fintechs, and financial institutions to plug directly into Verto's banking, FX, and payments infrastructure. This enables them to open local virtual accounts in 12+ markets, execute FX trades 24/7 across 49 currencies, and make international payments to 100+ countries in their own names.

Verto's CEO, Ola Oyetayo, describes Atlas as a "game-changer" that removes complexity and gives businesses the freedom to scale globally. The Atlas Suite is designed to break down barriers in Africa's fragmented financial systems, providing businesses with instant access to local accounts, deep FX liquidity, and compliant infrastructure across 49 currencies.

A white-label solution is also available, allowing brokers to rebrand Verto's infrastructure, set their own FX markups, and launch Africa-focused financial services with minimal cost.

Embedded finance is a growing trend in cross-border trade in emerging markets, and the Atlas Suite might be the solution African tech startups need to improve their cross-border payment services. For more information about African tech startups adopting the Atlas Suite, one might refer to Labari Insights, a data repository for tech in Africa.