Mar 19, 04:20 PM

Blockchain Startup Zone Raises $8.5M for Decentralized Payments in Africa

Nigerian blockchain payments startup Zone has successfully raised $8.5 million in seed funding to scale its decentralized payment infrastructure, aiming to expand its services across Africa. This funding round saw participation from notable investors including FlourishVC, TLcom Capital, DCGco, and Alter Global. Zone, also known as @zonenetworkhq on social media, is pioneering a regulated, decentralized payment system, receiving a 'Big congrats' from FlourishVC for their efforts to bring digital currencies into the mainstream of African finance. The startup's mission is to facilitate easier and more accessible financial transactions across the continent.