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Appzone

Operating

Appzone is a fintech that builds proprietary solutions for financial institutions, banking and payments services.

Updated Source: SLA Startup IndexHow we verify →
Total raised
$10M
disclosed
Last round
$10M
Series A
Rounds
4
since 2008
Investors
3
on record
Employees
51-200

About Appzone

Appzone is a fintech that builds proprietary solutions for financial institutions, banking and payments services. With a team of over 170 professionals and clients in seven countries, Appzone is Africa’s leading FinTech disruptor and provider of home-grown software solutions for the continent’s Financial Services industry. Founded in 2008, we process over $2 billion in transactions annually serving 18 commercial banks and over 450 microfinance institutions across the continent. Our platforms issue 1.5 million cards and disburse over $300 million in loans monthly, while also managing $200 million in deposits, 10 million accounts and 100,000 transactions daily. We are audacious builders with a mission to completely automate financial services in Africa. Our offerings automate Banking operations, interconnect financial institutions, and provide end-users with access to a broad range of banking and payment services. We are working with the most talented individuals on the continent to create the de facto operating system for digital financial services in Africa. AppZone started off primarily developing custom software for leading commercial Banks in Nigeria. More than a decade later, we have accumulated a remarkable asset-base of intellectual property and built out significant Fintech infrastructure. We are licensed by the Central Bank of Nigeria as a Payment Solution Service Provider (PSSP) and have built the first and only EMV compliant card management system in sub-Saharan Africa, while also launching the continent’s first self-service platform for instant debit card issuance. Appzone’s other feats include building and launching a number of global firsts from Africa such as: Cloud-based core banking and digital channel software Global mandate platform for direct debit Decentralised Interbank transaction processing on blockchain We are regarded as Africa’s number 1 FinTech infrastructure provider and have won several awards including: PCI DSS, CEBIH Award, MWOT Innovators Award, Frost and Sullivan Award and the NAMB Award.

Appzone funding4 rounds

All 4 rounds →

Appzone has raised $10M across 4 disclosed rounds. The latest is a $10M Series A announced 11 Apr 2021.

AnnouncedRoundLead · investorsAmount
11 Apr 2021Appzone Series ANot disclosed$10M
27 Aug 2018Appzone Non-equity AssistanceGoogle Launchpad AcceleratorNot disclosed
09 Apr 2018Appzone SeedLateral CapitalNot disclosed
11 Jun 2014Appzone Funding RoundBusiness ConnexionNot disclosed

Appzone founders & team

Full team →

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Frequently asked about Appzone

Where is Appzone based and when was it founded?
Appzone is headquartered in Lekki Peninsula, Nigeria and was founded in 2008.
Who founded Appzone?
Appzone was founded by Emeka Emetarom (Co-founder & Executive Director), Wale Onawunmi (Co-Founder) and Obi Emetarom (Co-Founder and CEO).
Who is the CEO of Appzone?
Obi Emetarom is Appzone's Co-Founder and CEO.
How much funding has Appzone raised?
Appzone has raised $10M across 4 disclosed rounds. Its latest, a $10M Series A, was announced on Apr 11, 2021.
Who has invested in Appzone?
Backers include Google Launchpad Accelerator, Lateral Capital and Business Connexion.
What sector is Appzone in?
Appzone operates in FinTech, Financial Services and SaaS.