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Appzone Group is a financial technology company based in Lagos, Nigeria, that provides core banking software and digital payment infrastructure to financial institutions across Africa. The company operates a business-to-business software-as-a-service model, supporting a workforce of over 170 professionals to process more than $2 billion in annual transaction value. Its technology infrastructure currently serves a network of 18 commercial banks and over 450 microfinance institutions operating across seven African countries. Appzone Group has secured financial backing from venture capital firms including CardinalStone Capital Advisers, V8 Capital, and TLcom Capital, highlighted by an $8.5 million Series A funding round in 2021. In 2022, the enterprise restructured its operations, spinning off its banking-as-a-service platform into Qore and rebranding its core blockchain payment network as Zone. The organization was founded in 2008 by Obi Emetarom, Emeka Emetarom, and Wale Onawunmi.
Appzone Group has raised $10.0M across 1 funding round.
Appzone Group has raised $10.0M in total across 1 funding round.
Appzone Group has raised $10.0M across 1 funding round. Most recently, it raised $10.0M Series A in April 2021.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Apr 12, 2021 | $10M Series A | Yomi Jemibewon | Itanna Capital Ventures, Lateral Investment Partners, V8 Capital | Announced |
Appzone Group has raised $10.0M in total across 1 funding round.
Appzone Group's investors include Yomi Jemibewon, Itanna Capital Ventures, Lateral Investment Partners, V8 Capital.
