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Zone (Formerly Appzone) | Company profile, Business Model, and Operations

Recieved Funding?
yes
Type of Funding
Venture capital, Series A Funding, Seed funding
Number of Funding Phases
4
Business Type
Private Company

All you need to know about Zone (Formerly Appzone)

Zone, formerly known as Appzone, is an innovative company at the forefront of digital payments and banking technology in Africa. Founded in 2008 by Obi Emetarom, Wale Onawunmi, Emeka Emetarom, and Uche Elendu, the company is headquartered in Lagos, Nigeria. Zone leverages blockchain technology to create a robust payment infrastructure that simplifies and secures digital transactions.

Over the years, Zone has evolved significantly, focusing on transforming the financial landscape with its cutting-edge solutions. One of their notable recent developments includes the separation of their digital banking technology operations into a new entity called Qore, which caters specifically to digital banking needs.

In the news, Zone has made headlines for its successful funding rounds, attracting significant investment to fuel its growth. The company has raised approximately $10 million across four funding rounds, with backing from notable venture capitalists such as Lateral Investment Partners, CardinalStone Capital Advisers, and Greentree Investment Company.

Zone's services include digital payment processing, blockchain-enabled transaction systems, and comprehensive currency acceptance solutions. Their innovative approach aims to make financial services more accessible and secure, driving financial inclusion across the continent. The company continues to innovate and expand its reach, making it a key player in Africa’s fintech ecosystem.

Our Mission

Our mission is to connect every monetary store of value using blockchain.

The Vision of Zone (Formerly Appzone)

One global network to pay anyone, through any means, in any currency.

Our Purpose

To maximize financial inclusion and accelerate economic prosperity.

Core Values at Zone (Formerly Appzone)

  • Entrepreneurial Spirit: We continuously unlock value by solving hard problems and acing execution.
  • Proficiency: We are masters of what we do, and we deliver flawlessly every time.
  • Innovation: We love to think unconventionally, experiment with fringe ideas, and invent whole new paradigms.
  • Courage: We set tough, audacious goals that seem impossible and execute them to completion.
  • Humility: We forego self-importance so that learning and teamwork can flourish.

Our Services

Zone offers a comprehensive suite of services centered around blockchain-based payment infrastructure. These include:

  • Digital payment processing
  • Blockchain-enabled transaction systems
  • Currency acceptance solutions
  • Digital banking technology
  • Financial service platforms for businesses and individuals

Our Business Model at Zone (Formerly Appzone)

Zone operates on a B2B model, providing blockchain-based payment infrastructure and digital banking solutions to financial institutions and businesses.

Their technology enhances transaction efficiency and security, enabling their clients to offer robust financial services.

Zone generates revenue through service fees and partnerships, continuously innovating to meet the evolving needs of the digital financial landscape.

Company Co-founders
Wale Onawunmi
Obi Emetarom

Zone (Formerly Appzone)
Business Model

The Company major services and product include: Financial Transaction Switch, Blockchain, Payments Infrastructure, Decentralized Finance, Layer-1 Blockchain Protocol, and Blockchain for Finance

The Company was Founded
The Company was established on
August 25, 2008
HeadQuarters
The Company has its Operational Headquarters at Lekki, Lagos State
Industry
The Company is contributing to the development of the Industry Blockchain, Cryptocurrency, Finance, Financial Services, FinTech
Staff Strength since Inception
The Company prides in her team member of about 101 - 500 active members

Zone (Formerly Appzone) Business Model

The Company major services and product include: Financial Transaction Switch, Blockchain, Payments Infrastructure, Decentralized Finance, Layer-1 Blockchain Protocol, and Blockchain for Finance

yes
Have they recieved Funding from VCs
yes
Have they recieved Funding from VCs
yes
How many number of Funding rounds?
Million
Company Net worth as of 2023

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