Zone
March 2024 · NigeriaCo-investor alongside TLcom Capital
Activity : Fintech infrastructure (APIs, open banking, BaaS)
Vehicle : TIDE Africa Fund II
Zone operates a blockchain network powering fiat transactions and, eventually, CBDC/crypto payments for Nigerian banks and fintechs.
Why they invested
- Redesigning Africa's payment rails via blockchain
- First VC round after becoming a standalone business in 2022
- Early positioning on decentralized payment rails
Co-investors Digital Currency Group, Endeavor Catalyst, Flourish Ventures, Verod-Kepple Africa Ventures
Source : techpoint.africa