Alongside CardinalStone, a private equity investment firm focused on Nigeria and Ghana, the round also garnered funds from V8 Capital, Lateral Investment Partners, Constant Capital, and Itanna Capital Ventures.
The fintech says the fresh capital injection will bolster investment in Appzone’s “core technologies” as well as “kick off a wave of new country expansions” to digitise banking and payments across the African continent.
Appzone’s moves to date
Launched back in 2008, Appzone has built an offering around digital core banking and interbank transaction processing.
