BDO provided financial due diligence services on the Series A investment in VertoFX, led by Quona Capital.
Verto, a global B2B payments platform for SMEs to make payments to their suppliers in over 200 countries across 39 currencies, has raised $10 million in a Series A round of funding led by Quona Capital, alongside The Treasury, Middle East Venture Partners (MEVP), TMT Investments, Unicorn Growth Capital, Zrosk Investments and P1 Ventures. Previous investors include Y Combinator, Accelerated Digital Ventures, and Ace & Company.
Verto will use the investment to continue building its platform and accelerate its geographical expansion into emerging markets such as Africa.
"This was a great opportunity to support Accion Quona in their Series A investment, and work with the VertoFX team, building out our knowledge in the Fintech sector."
Derek Neil, Partner, BDO