Blockchain Payment Company Zone Raises $8.5 Million in Seed Funding Round
According to Foresight News, blockchain payment company Zone has announced the completion of an $8.5 million seed funding round led by Flourish Ventures and TLcom Capital, with participation from Digital Money Group, VKAV (Verod-Kepple Africa Ventures), and Alter Global. The new funds will enable Zone to further expand its network coverage in Africa, connecting more banks and financial services companies.
Zone is a decentralized payment network in Africa, and its Layer1 blockchain network digitizes fiat payments, allowing participating institutions to directly execute payment transactions without intermediaries while fully automating settlement and reconciliation processes.
According to Foresight News, blockchain payment company Zone has announced the completion of an $8.5 million seed funding round led by Flourish Ventures and TLcom Capital, with participation from Digital Money Group, VKAV (Verod-Kepple Africa Ventures), and Alter Global. The new funds will enable Zone to further expand its network coverage in Africa, connecting more banks and financial services companies.
Zone is a decentralized payment network in Africa, and its Layer1 blockchain network digitizes fiat payments, allowing participating institutions to directly execute payment transactions without intermediaries while fully automating settlement and reconciliation processes.