Zone

Zone

Private

Last Round

Seed

Mar 18, 2024

Est. Valuation

$6.67M

Total Funding Raised

$20.5M

Company Overview

Zone is a fintech company, formerly known as Appzone, that operates a regulated blockchain network for payments, enabling financial service providers to process payments and accept digital currencies in Africa.

Sector

FinTech

Verticals

Blockchain Infrastructure, Digital Payments, Point-of-Sale, Corporate Banking

Business Model

B2B

Customer Profile

Payment Processing Fee, Usage-Based SaaS

AI Layer

Non-AI

Keywords

payment infrastructureblockchain payment networkpayment railsLayer-1 blockchainL1 blockchainfintech infrastructureregulated blockchainpayment switchingAfrican fintechinstant settlementinterbank transferscross-border paymentsdecentralized POSdecentralized ATM switchingautomated reconciliationP2P payments

Historical Pricing

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Caplight Momentum Score

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Zone Comps

Public and private peers based on sector, stage, and business model.

CompanyStatusEst. ValuationRev Multiple
OpenAIPrivate$86.0B~40x
CoherePrivate$5.0B--
Competitor 1Public$XX.XBXXx
Competitor 2Public$XX.XBXXx

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Zone Funding Rounds

Historical fundraising activity

RoundDateAmount RaisedValuationInvestorsSources
SeedMar 18, 2024
Series AApr 12, 2021
StrategicJun 10, 2014

Key People

Founding team and executive leadership

Wale Onawunmi

Co-Founder CTO

Founding Team

Ahmed Macaulay

Product CEO, Prime

Executive Team

Obi Emetarom

Co-Founder CEO

Founding Team

Olajide Wey

CFO

Executive Team

Zone Investors

Notable investors and investment history

Market signals

Structured signals derived from secondary market and firmographic data.

  • Jan 30, 2025

    Added Kongapay, a mid-market fintech/payments company, as a customer.

  • Mar 18, 2024

    $9M raised in Seed round.

Zone Filings

SEC and related filings with document metadata.

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Zone Filings

SEC and related filings with document metadata.

Frequently Asked Questions

Common questions about Zone's valuation, stock price, and market status.

Firmographic Details

HeadquartersLagos
Employee Range255
Year Founded2008
Last FundingMar 18, 2024

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