What is Zone?
Founded in 2022, Zone operates as a regulated blockchain network designed to facilitate seamless payments and the acceptance of digital currencies. The company's core mission is to interconnect various monetary stores of value through blockchain technology, aiming to establish a singular global network capable of processing payments between any parties, in any currency. This ambitious goal positions Zone at the forefront of digital financial infrastructure development in Nigeria and potentially across Africa.
How much funding has Zone raised?
Zone has raised a total of $8.5M across 1 funding round:
Angel/Seed
$8.5M
Angel/Seed (2024): $8.5M with participation from Verod-Kepple Africa Ventures, TLcom Capital, Digital Currency Group, and Flourish
Key Investors in Zone
Verod-Kepple Africa Ventures
Verod-Kepple Africa Ventures is a venture capital firm dedicated to investing in African founders, with a focus on addressing significant sectoral gaps through a blend of venture capital and private equity operational experience.
TLcom Capital
TLcom Capital is a prominent venture capital firm that invests in technology companies across Africa, supporting innovative startups with significant growth potential.
Digital Currency Group
Digital Currency Group is a global enterprise focused on accelerating the development of a better financial system through investments in bitcoin and blockchain companies, operating leading firms in brokerage, asset management, and media.
What's next for Zone?
With the recent major strategic investment, Zone is poised for accelerated growth and expansion. The company's focus on building a robust, regulated blockchain network for payments suggests a strategic move towards scaling its operations, enhancing its technological capabilities, and potentially broadening its market reach. This funding will likely be instrumental in solidifying its position as a key player in the African fintech landscape, enabling further innovation in digital currency adoption and cross-border transactions.
See full Zone company page
