About Netract // ስለ እኛ
Built in Stockholm. Cleared in London.
B2B procurement and Merchant of Record infrastructure by Verispect Ltd (UK) — made with love by Addis Ababa‑ians.
How we got here
2024
The corridor problem
Ethiopian software houses were winning European contracts but losing 10–20% of every invoice to correspondent wires, aggregator margins and forced retail liquidation.
2025
Verispect Ltd as Merchant of Record
We placed a UK corporate entity between the two sides. European buyers sign a standard domestic B2B contract and settle by zero-fee SEPA Instant wire.
2026
Retention, not liquidation
Netract launched the multi-currency master vault with three exit pathways — local bank forex retention wires, direct SaaS bill settlement and stablecoin bridges.
What we hold to
እምነት
Trust before speed
Every settlement writes an immutable ledger trace and a cryptographically signed Compliance Passport. Nothing moves that a bank auditor cannot verify.
ክብር
Dignity in the corridor
Ethiopian engineering is not cheap labour. Our vendors invoice under a professional Western corporate front, with native Euro rails and Western payment terms.
ግልጽነት
Transparent economics
A flat 1.5% treasury management fee, and a 1.0% spread only if a supplier explicitly chooses a final-mile Birr withdrawal. No hidden foreign exchange markup.
100%
Foreign exchange revenue retained in the master vault until the supplier chooses.
€0.00
Bank transfer cost for a European buyer settling by SEPA Instant wire.
10s
Typical clearing time from buyer settlement to vault credit.
Work the corridor with us
We are hiring across compliance, treasury operations and platform engineering in Addis Ababa, Nairobi and London.