Nigerian fintech software provider AppZone 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.

Nigerian Startup Zone Raises $8.5 Million for Blockchain-Based Payment Infrastructure