Fiat currencies
Crypto Currencies
No results for ""
We couldn't find anything matching your search.Try again with a different term.
Zone - Seed
Overview
Funding Date
March 18, 2024
Financing amount
$8.5M
Valuation
--
Catagory
Subcategory
About Zone - Seed
Zone today announced that it has raised $8.5 million in an oversubscribed seed funding round led by reputable VC firms Flourish Ventures and TLcom Capital.
Other investors in this round include international blockchain-focused VC firms Digital Currency Group (DCG), VKAV (Verod-Kepple Africa Ventures) and Alter Global, each bringing niche sector expertise and credibility. These investments at a time when start-up funding has dried out are a testament to investor confidence in Zone's mission to connect every monetary store of value and establish a regulated and decentralized global payment infrastructure.
Additionally, the endorsement and investment from Endeavor Catalyst reinforces Zone's status as a frontrunner in Africa's fintech revolution, highlighting the company's alignment with the entrepreneurial spirit that drives technological transformation and economic progress.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | United States of America | 2019 | 3 | -- | ||
| Corporate | United Kingdom | -- | 1 | info@tlcomcapital.com | ||
| Fund | United States of America | 2015 | 127 | info@dcg.co | ||
| Corporate | Nigeria | -- | 1 | -- | ||
| Fund | United States of America | 2015 | 3 | -- |
Founders & Team
Obi Emetarom
Company Profile / Project Introduction
Zone is a regulated blockchain network that enables payments and acceptance of digital currencies. Its Layer-1 Blockchain network digitises Fiat payments and enables the transition to digital currencies while connecting previously excluded financial institutions into an all-inclusive payment ecosystem. Zone, Africa's first decentralised payment network, allows participating institutions to connect directly with each other and perform payment transactions without an intermediary while completely automating settlement, reconciliation, and dispute management. The Company is working with the brightest minds on the continent to lay the foundation for the decentralised future of financial services. Its mission is to connect every monetary store of value by harnessing the power of blockchain.