Verto has announced the acquisition of Locusnine, as the firm continues focus on the building of top level tech products.
At the heart of the partnership is accelerating cross border payments, as Verto looks to tap into Locusnine’s team of ‘world-class engineers and designers’.
Anthony Oduu, Co-Founder and CTO of Verto, commented: “Our ability to collectively build top-level products and embrace the most challenging parts of product development and engineering is one of the main reasons this partnership with Locusnine made sense.
“Since we started working with their excellent team in 2019, we have shared the same ethos and product innovation methodologies, and we are now very excited to have them join the Verto family.”
Locusnine is a product innovation studio that combines design thinking with extensive technological expertise to deliver compelling, user-centric products that create a positive impact.
The partnership is indicative of Verto’s growth and expansion journey following a $10 million in Series A funding in September 2021.
Sumit Maingi, Co-Founder and Director at Locusnine, added: “Verto and Locusnine’s shared vision to build leading products that have a positive impact made coming together an obvious choice and an exciting opportunity for our team.
“We are very much looking forward to joining forces and working toward our common goals of making Verto the go-to cross-border payments enabler across the world.”