New Investments

African Fintech Zone Secures $8.5 Million in Seed Funding to Revolutionize Payments with Blockchain

Zone, a leading African payment infrastructure company, has secured $8.5 million in a seed funding round exceeding expectations.

The round was led by Flourish Ventures and TLcom Capital, showcasing strong investor confidence in Zone’s innovative approach to financial services.

This funding marks a turning point for Zone as it builds a decentralized payment infrastructure powered by blockchain technology.

 

Zone aims to transform the financial landscape by offering frictionless, secure, and universally compatible payment experiences across Africa and beyond.

Zone’s pioneering position as Africa’s first regulated blockchain network for payments has already attracted over 15 of the continent’s biggest banks and fintech companies.

 
The fresh capital will fuel Zone’s domestic network expansion and partnerships with additional financial institutions.
 

A significant portion will also fund a comprehensive pilot program in 2025, testing Zone’s cross-border payment capabilities – a crucial step towards becoming a global network.

Flourish Ventures and TLcom Capital, the lead investors, bring valuable expertise to Zone. Flourish Ventures, a global early-stage fintech venture capitalist, will provide Zone with a global perspective and extensive African fintech knowledge, aiding expansion efforts. TLcom Capital’s local footprint and deep understanding of the African tech scene will solidify Zone’s position in its home market.

Zone’s mission to establish a global, regulated, and decentralized payment infrastructure is further strengthened by participation from renowned blockchain-focused VCs including Digital Currency Group, VKAV, and Alter Global. 

 

Additionally, Endeavor Catalyst’s endorsement and investment solidify Zone’s role as a frontrunner in Africa’s fintech revolution, underscoring the company’s commitment to driving technological progress and economic growth.

“We are grateful for the support from our investors,” said Obi Emetarom, Zone’s CEO and co-founder.

 
“This funding empowers us to transform Africa’s payment infrastructure and unlock a new era of financial inclusion.”

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