Verto has launched Verto Reserve, a new feature enabling businesses to earn interest on idle currency balances, including G10 and African currencies.

• Businesses can achieve interest earnings of up to 10% on their holdings.
• Key person: Anthony Oduu, CTO of Verto.
• Verto Reserve allows customers to open interest-earning accounts in Nigerian Naira (NGN) and Kenyan Shilling (KES) without needing a local entity.

LemFi has acquired Pillar, a UK-based fintech, to launch specialized credit cards for immigrant communities.

• £13M ($16.9M) raised by Pillar in 2022 to develop credit access for immigrants.
• Ridwan Olalere, co-founder and CEO of LemFi, emphasizes the vision of building a full-stack financial service for immigrants.
• LemFi has already assisted over 2 million customers in various countries and recently secured $53 million in Series B funding.