Zone – a Nigerian blockchain startup specialising in payment processing solutions for banks and fintechs – is thrilled to announce that they have raised $8.5 million in an oversubscribed seed funding round, co-led by Flourish Ventures and TLcom Capital LLP.
This investment will reinforce its promise of delivering reliable, frictionless and universally interoperable payment experiences at scale, for financial service providers on the Zone network.
With this recent round of support, Zone has said it intends to deploy more robust technology, launch new use-cases and expand its network coverage. Also in view is a plan to complete preparations for conducting a comprehensive pilot program that will test the company’s cross-border capabilities in 2025.
As zone continues to lay tracks for further solidifying its position as a pioneer in decentralised payment infrastructure for Africa, the company asserts: “We are grateful for the confidence our investors have shown in our vision and their belief in the potential of our blockchain-powered Payment Infrastructure. With their global expertise, deep industry knowledge, and established networks, we are well-positioned to lead innovation in the payment space on a regional and potentially global scale”.