FinTech Verto has grand expansion plans following the appointment of new chief operating officer Tim Rudman.
The company develops cross-border payment solutions for fast-growing organisations and SMEs.
Founded in Nigeria by Ola Oyetayo and Anthony Oduwole, it is now headquartered in London.
Rudman spent 11 years at WorldFirst and two years at Global Reach Group. He joined Verto, which is aiming to grow 10x this year, in late 2021.
“We have very ambitious plans at Verto to tackle the significant challenges businesses face when making cross-border payments, and a key part of our strategy is hiring world-class talent to help us achieve our goals,” said CEO Ola Oyetayo (pictured with Oduwole).
“Tim is an incredibly experienced operator who has had first-hand experience with rapidly scaling payments businesses. Anthony and I are excited to have him join us at Verto.”
Verto has been backed by prestigious US accelerator Y Combinator.
Rudman added: “Verto is an ambitious business showcasing rapid growth and momentum.
“I am very happy to join Ola, Anthony and the team, where together we can continue to challenge the status quo within the SME payments landscape – especially within the emerging markets space.
“Together we will push the business forward to new heights, in an industry which is continually evolving.”
Chris Booth, founder of tech recruitment firm Findrs, added: “As a YC-backed company, we knew when starting a relationship with Verto in August 2021, that it was vital the COO we appointed had the appropriate past experience and the right attitude to help continue their upward trajectory as they rapidly scale up.
“When we identified Tim, we knew he would be the perfect fit. Tim’s appointment is the first step on our holistic growth strategy with Verto and we’re excited to continue to aid the company’s further expansion over the coming year.”