Zone
Latest round
- Series A
Last raised
- Apr 2021
Total raised
- $10M
Investors
- 5
About Zone
Based in Lagos, Nigeria, and founded in 2008, Zone Payment Network Ltd, formerly Appzone, operates as a fintech software company that provides a full stack of digital infrastructure for banking and payment in Africa. The company was co-founded by Emeka Emetarom, Obi Emetarom, Wale Onawunmi. As of April 2021, the company has 150 employees. Appzone provides retail and commercial banks with cloud-based software for running core operations like accounting, deposits, loans, and customer interactions in a fully digital and automated way. It also offers interbank payment infrastructure powered by blockchain and end-user payment applications. The company generates revenue through its subscription agreements with commercial banks and microfinance banks in Africa. In 2019, it posted an 80% annual recurrring revenue.
Who invested in Zone
5 investors across 2 rounds
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Questions about Zone
Who invested in Zone?
Zone has 5 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Zone raised?
Zone has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Zone last raise money?
Zone's most recent round on record is a Series A, in Apr 2021.
What does Zone do?
Based in Lagos, Nigeria, and founded in 2008, Zone Payment Network Ltd, formerly Appzone, operates as a fintech software company that provides a full stack of digital infrastructure for banking and payment in Africa.
Where is Zone headquartered?
Zone is headquartered in Lagos, Nigeria.
Which VCs invest in companies like Zone?
Among active investors with capital left to deploy, WestBridge Capital Partners, Ventures Platform, Norrsken22 and 4DX Ventures back software companies at Zone's stage. Their profiles are linked below.
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