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News Explorer — Nigerian Startup Appzone Raises $8.5 Million to Build Interoperable Payment Rails

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Mar 18, 9:26 am

Techcrunch

Nigerian Startup Appzone Raises $8.5 Million to Build Interoperable Payment Rails

Appzone, a Nigerian fintech software provider, has rebranded to Zone and raised $8.5 million in a seed round. Zone aims to develop an interoperable payment infrastructure using blockchain technology to connect banks and fintech companies in Africa, facilitating transactions without intermediaries. The company has already signed up over 15 of the continent's largest banks and is processing domestic transactions for seven of them through ATM channels.

Appzone, a Nigerian fintech software provider, has rebranded to Zone and raised $8.5 million in a seed round. Zone aims to develop an interoperable payment infrastructure using blockchain technology to connect banks and fintech companies in Africa, facilitating transactions without intermediaries. The company has already signed up over 15 of the continent's largest banks and is processing domestic transactions for seven of them through ATM channels.

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