VertoFX Appoints Dr. Austin Okpagu as Its Country Manager for Nigeria
VertoFX, a global financial technology company specializing in enterprise-level cross-border payments, foreign exchange, and banking solutions in emerging markets, has announced the appointment of Dr. Austin Okpagu as its inaugural Country Manager for Nigeria. This strategic decision underscores the firm’s long-term dedication to Nigeria and the wider West African region.
VertoFX is an international B2B financial technology company that provides enterprises of various sizes with access to advanced cross-border payment solutions, foreign exchange services, and banking options. Through a meticulously designed technological framework and payment systems, businesses can swiftly transfer and receive funds across more than 170 countries and exchange among 49 different currencies. Currently, VertoFX supports over 4,000 businesses, ranging from startups and small to medium-sized enterprises to large corporations, facilitating the transfer of millions of dollars annually.
Dr. Austin Okpagu VertoFX Country Manager for Nigeria
Dr. Okpagu, who most recently held the position of Managing Director at JumiaPay, possesses extensive experience from several of Nigeria’s leading fintech companies, including OPay and Pagatech, where he was instrumental in driving partnership and business development initiatives. In his new capacity at VertoFX, he will lead the operations of the newly established office in Victoria Island, Lagos, focusing on achieving local business growth objectives, cultivating robust relationships with stakeholders, and delivering customized solutions to meet the specific needs of Nigerian clients.
Commenting on Dr. Okpagu’s appointment and VertoFX’s new physical establishment in Nigeria, Ola Oyetayo, Co-Founder and CEO of VertoFX, stated, “We are thrilled to have Austin join us as our first Country Manager for Nigeria. His extensive knowledge of the payments industry and his profound understanding of the local economic landscape make him exceptionally qualified to oversee our operations in West Africa.”
He further added, “With our physical presence in Nigeria, we are well-positioned to enhance our service to customers, support local enterprises, and contribute to the region’s economic growth, aligning with our vision to become the premier provider of B2B cross-border payment solutions across Africa.”
VertoFX employs advanced technology that empowers businesses of various sizes to conduct secure and efficient cross-border payments, exchange among 50 currencies at favorable rates, and transfer funds instantly across more than 200 countries. Since its inception in Nigeria in 2017, the company has developed a remarkable client portfolio, including some of Africa’s largest enterprises, which depend on VertoFX’s innovative and dependable financial services for both local and international operations.
In discussing his new position, Dr. Austin Okpagu, Country Manager at VertoFX Nigeria, remarked, “I am privileged to join the VertoFX team as we strive to become the preferred financial services partner for businesses in Nigeria and globally.”
He further noted, “In light of the recent and particularly challenging macroeconomic landscape, VertoFX has distinguished itself by delivering essential financial solutions to Nigerian businesses, enabling them to maintain resilience amid challenges. I am eager to collaborate with key public and private stakeholders in Nigeria’s financial sector to enhance our services, aiming for a significant and enduring positive impact on local entrepreneurs and business leaders.”
VertoFX Record
Over the past year, VertoFX has enabled over $2.7 billion in cross-border transactions for Nigerian companies. Concurrently, the company has witnessed an impressive 75% growth in the number of Nigerian businesses utilizing its platform for international payment solutions.
In a context where the Nigerian market faces currency restrictions and local exchange controls due to challenging global economic conditions, currency devaluations, and inflation, these statistics underscore VertoFX’s commitment to delivering dependable solutions for its clientele.
