API
FX
International Payouts
Global Account
Challenge
Cowrywise gives its customers access to savings and investment products, so cross-border payment plays a key role in the work they do; enabling investments in international asset classes while minimising foreign currency-denominated fees. With a rapidly-growing customer base, Cowrywise needed a solution which would offer a low-cost multi-currency exchange, direct payout to international brokers and the ability to execute at scale through automation.
How we helped
Verto’s experience working with WealthTech businesses means Cowrywise’s API & Payment integration was seamless and fast.
Verto’s API empowered Cowrywise to minimize costs and operational overhead as well as achieve direct payout to its international brokers whilst digitizing investment management and offering access to financial tools to its African customers.
Outcome
With Verto’s API solution in place, Cowrywise can collect, hold and convert funds in multiple currencies at a bank-beating FX rate, quote outside of market hours and benefit from the fast settlement.
Our API integration has made Cowrywise’s cross-border payments automated and they can now bring to market new global products to customers, as well as have the freedom to expand their offering to new markets.
