Vella Finance has launched a new user interface and new products as part of a platform that helps streamline cross-border payments for owners of small- to medium-sized businesses (SMBs) in Africa.
The solutions offered by Vella include Global Pay, which helps businesses send money to partners in 80 countries; Vella Boost, which helps businesses invest cash flow that would otherwise be idle; and Fintech-as-a-Service (FaaS), which helps companies become crypto-enabled to manage embedded finance, cards, wallets, and payments.
SMBs and entrepreneurs play a critical role in the overall development of most economies, particularly in emerging regions like Africa.
The percentage of working-age adult entrepreneurs was found to be higher in Africa than in any other continent in the world.