Scaling its decentralised payment infrastructure.
In brief:
- Africa’s fast-growing payment infrastructure company, Zone raises $8.5m in an oversubscribed seed funding round led by reputable VC firms Flourish Ventures and TLcom Capital.
- By harnessing the power of blockchain, Zone’s blockchain network delivers reliable, frictionless and universally interoperable payment experiences at scale to financial service providers and their customers.
- The new funding will enable Zone to further expand the coverage of its network domestically and connect more banks and financial services companies.
What does this mean?
Commenting on the funding round, Obi Emetarom, CEO and co-founder of Zone, said: “The participation of high-quality investors despite the funding drought and the fact that we had more interested investors than we needed, is a sign of trust in the Zone brand and investor excitement about the opportunity to redefine payment infrastructure in Africa. As we step into this new phase at Zone, we are re-energized and our commitment to transforming Africa’s payment infrastructure is renewed."
