Taxonomy

Zone

[Flourish Focus] Zone: How Blockchain Can Redefine the Payment Infrastructure in Africa

“Dispense error.” If you’re withdrawing money from an ATM in Nigeria, there is a 1 in 10 chance that you get this message. What’s more, when attempting to pay via a POS machine, the odds of transaction failure rise to 1 in 6. What gives? Enter Nigeria-based fintech startup Zone,...

Why We Invested in Zone: Redefining How Payment Infrastructure Works in Africa

If trying to pay via a POS machine, the odds of transaction failure are roughly 1 in 6. At the heart of these transactions is…

[TechCabal] Blockchain payments startup Zone raises $8.5m in first funding as a standalone business

Zone, a Nigerian blockchain startup that helps banks and fintechs process payments, has raised $8.5 million, its first VC funding since it became a standalone business in 2022. Until 2022, Zone was part of its parent company Appzone. Originally posted on TechCabal Flourish Ventures and TLcom Capital, a pan-African venture...