Blockchain payment company Zone has completed a $8.5 million seed round financing, led by TLcom Capital and others

ChainCatcher news, blockchain payment company Zone announced the completion of a $8.5 million seed round financing, led by Flourish Ventures and TLcom Capital, with participation from Digital Money Group (DCG), VKAV (Verod-Kepple Africa Ventures), and Alter Global.

The new funding will enable Zone to further expand its network coverage in Africa, connecting more banks and financial service companies. The company plans to continue building a blockchain-based decentralized payment infrastructure for financial service providers across the African continent and beyond.

It is reported that Zone is Africa's first decentralized payment network, whose Layer-1 blockchain network digitizes fiat payments and facilitates the transition to digital currencies while connecting financial institutions to a broader payment ecosystem.