Dynamic development of Verestro

Verestro SA, a company in the portfolio of WP2 Investments, is currently experiencing a period of intense growth. It is synonymous with innovation, dynamic development and commitment to providing customers with the best global fintech solutions. More than 90% of revenues come from foreign customers.

The technologically advanced Fintech-as-a-Service platform enables customers of banks and other financial institutions to quickly and efficiently implement innovative financial solutions without having to build infrastructure from scratch.

NEW CUSTOMERS

Verestro can boast of a constantly growing number of customers using payment card issuance services. In the first quarter of 2024, the company issued more than 100,000 Mastercard cards together with Quicko, a national payment institution.

The number of Verestro's B2B customers has increased by 100% in the last 18 months. The company has adopted a new sales strategy and is actively acquiring customers around the world. It is present with projects on 5 continents and has recently gained clients in Costa Rica, Tanzania, the Bahamas and the UAE.

NEW PRODUCTS

Verestro has introduced new financial and technological products. The modern Verestro platform is constantly being developed to be able to provide a wide range of fintech products for companies and financial institutions that want to offer financial and payment services to other entities.

The new products include:

• "Crypto Card" is a solution for issuing virtual cards in cryptocurrency wallets with the possibility of fast transfers and convenient crypto-to-fiat conversion. Crypto companies can quickly add modern payment functionalities in their applications or implement a new crypto wallet in cooperation with Verestro, which will provide them with a new source of revenue.
• Payouts to Cards - transfers made to a card number instead of a bank account number (globally even in 30 minutes). This is a modern functionality that works well in financial applications around the world as a competitor to SWIFT and ACH. The implementation of withdrawals to the card is possible in cooperation with the technology provider - Verestro and the partner payment institution - Fenige.
• IBAN Sponsoring - a ready-made solution for companies and financial institutions that want to enrich their banking offer with virtual IBAN numbers. Verestro allows you to top up or debit balances and order or receive domestic and international transfers using your bank account number.
• Card Benefits and Cashback - in addition to loyalty programs, Verestro offers, m.in, "Cashback" - a service consisting in returning a certain percentage of the transaction amount to the card. Verestro's solution includes the creation of specific cashback policies, such as minimum transaction amounts, instant calculation and allocation of cashback after a transaction, security, and a scalable architecture to handle large transaction volumes.

VERESTRO'S DEVELOPMENT PLANS

The company intends to continue its intensive development on international markets. Among the key plans for the near future are:

• expansion into new markets
• expansion of the product range
• increase in the number of cards issued
• increase in the number of processed payments.

By consistently implementing its plans, Verestro has the opportunity to become a leading player in the global digital payments market, offering customers innovative and secure solutions around the world.