Zone, the decentralized payment infrastructure of Nigerian fintech, secures $8.5 million in seed funding for expansion
Appzone is one of the standout local fintech software providers for banks and fintechs, providing better pricing and flexibility.
As such, it rebranded to Zone, a licensed blockchain-enabled payment infrastructure company–and carved out its original banking-as-a-service business into a separate standalone company, Qore.
Today, Zone, its blockchain network that enables payments and acceptance of digital currencies, is announcing that it has raised $8.5 million in a seed round.
Therefore, the fintech is developing an interoperable payment infrastructure using blockchain technology — known for its ability to scale infinitely — to connect banks and fintech companies, facilitating transaction flow without intermediaries.
“We are excited by the potential for Zone’s technology to be replicated across borders to advance payment innovation globally.
