Zone, the decentralized payment infrastructure of Nigerian fintech, secures $8.5 million in seed funding for expansion
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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.