- Locusnine and Verto have announced that they will continue their pre-existing collaboration, which launched back in 2019; this time, they will be focusing on international payments.
- It is thought that the main area of focus for the new service will be emerging markets.
- “The ethos and values of the Locusnine team were perfectly aligned with Verto’s: customer first, be the best, champion the mission and go the extra mile,” said a senior figure at Verto.
Locusnine and Verto have confirmed that they will further their partnership with a new international payments service.
The two organisations said that they will continue their pre-existing collaboration, which launched back in 2019.
That partnership saw them work on their minimum viable product architecture and have since moved on to produce an international money transfer platform in their own right.
It is thought that the main area of focus for the new service will be emerging markets.
Locusnine is based in India and offers services ranging from engineering to design.
In a statement, a senior figure at Locusnine said that the two companies will have a joint focus on creating products to change businesses.
“Verto and Locusnine’s shared focus on building the products that transform businesses and create a positive impact made the choice to come together so organic,” said Sumit Maingi, the co-founder of the company.
“We are truly excited by the breadth of opportunities to build with a shared vision of creating global cross-border payment solutions that simplify the lives and experiences of businesses across the globe. Let’s build.”
For Verto, meanwhile, the CEO and co-founder Ola Oyetayo said that the signs were positive from early on.
“Right from the very first line of code, we knew this would grow to be more than a partnership,” he explained.
“The ethos and values of the Locusnine team were perfectly aligned with Verto’s: customer first, be the best, champion the mission and go the extra mile.
“We are truly delighted to be welcoming some of the brightest engineering minds into the Verto team.”
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