Two of Nigeria’s leading payment service providers, Accelerex and ITEX, have joined leading banks and fintechs on Zone’s regulated blockchain network for payments.
Zone announces that three of Africa’s largest and most prominent financial institutions—FIrst Bank, UBA, and Zenith Bank, — have joined other Banks and Fintechs on its decentralized payment network.
TLcom Capital also plans to deploy significant capital into female-founded African tech startups, similar to TIDE Africa Fund I
Nigerian startup, Zone, has raised $8.5 million in an oversubscribed seed funding round led by VC firms Flourish Ventures and TLcom Capital.
As technology continues to advance and the use of digital currencies becomes more widespread, as we’ve seen with the recent spike in the use of the e-Naira, we anticipate that Nigeria will experience an accelerated rate of financial inclusion.
