Nigeria-based Zone raises USR 8.5 million in Seed Funding
Summary
Meanwhile, Digital Currency Group (DCG), VKAV (Verod-Kepple Africa Ventures), Endeavor Catalyst and Alter Global also supported the company.With the latest proceeds, Zone seeks to expand the coverage of its network domestically further. This will help the company realize its goal of becoming a worldwide payment network.Zone will be able to expand into new areas thanks to Flourish Ventures global vision, substantial Africa fintech expertise, and networks of industry influencers. Our new investors and existing shareholders including CCA, Lateral Capital, Constant Ventures and V8 bring more than just financial backing as their global scope and deep expertise make them invaluable partners for us. We believe this is a fundamental leap that will allow customers to experience a completely new standard of reliability, speed, and cost efficiency at ATMs, POS machines, and online. Its Layer-1 Blockchain network links previously unconnected financial institutions into an all-inclusive payment ecosystem, digitizing Fiat payments and facilitating the shift to digital currencies.To explore more such startups, visit Zefyron Startup DatabaseFor more extensive analysis and Market Intelligence reports, feel free to approach us.We try our best to fact-check and bring well-researched as well as non-plagiarized content to you.