Short description
Payments, Payment Infrastructure, Banking Software as a Service
Description
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.
Last funding
Cannot Access
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Total funding
$$121212
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Location
Lagos, Lagos, Nigeria, Africa
Founded on
June 1, 2008
Non-profit?
No
Acquired?
No
Employees count
101-250
Revenue range
$34056 - 789030
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Investors
Blurry Noaccess, No Way, Absolutely Noaccess, Noway Youcantaccess, Cannot Access, Absolutely Noaccess, Cannot Access
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Founders
Emeka Emetarom, Obi Emetarom, Wale Onawunmi