Zone, a Nigerian fintech company specializing in blockchain-based payment processing, announced the completion of an $8.5 million funding round on Monday. 

"With the support of our new investors, we will enhance our technology, launch new use-cases and expand our network coverage. We will also complete preparations to conduct a comprehensive pilot program to test our cross-border capabilities in 2025. This will further solidify our position as a pioneer in decentralized payment infrastructure for Africa," the startup said.