Appzone Group is Africa’s leading FinTech disruptor, offering locally-developed software solutions for the continent’s Financial Services industry. Founded in 2008, the company has grown to a team of over 170 professionals serving clients in seven countries. With an impressive track record of processing over $2 billion in transactions annually, Appzone caters to 18 commercial banks and over 450 microfinance institutions across Africa. The company's platforms issue 1.5 million cards, disburse over $300 million in loans monthly, manage $200 million in deposits, 10 million accounts, and 100,000 transactions daily.
Appzone's mission is to fully automate financial services in Africa by automating banking operations, connecting financial institutions, and providing end-users with access to a wide range of banking and payment services. The company is licensed by the Central Bank of Nigeria as a Payment Solution Service Provider (PSSP) and has developed the first and only EMV-compliant card management system in sub-Saharan Africa, as well as the continent’s first self-service platform for instant debit card issuance.
The company's achievements include the development and launch of several global firsts from Africa, such as a cloud-based core banking and digital channel software, a global mandate platform for direct debit, and decentralized interbank transaction processing on blockchain. This has led to Appzone being recognized as Africa’s premier FinTech infrastructure provider, winning awards like PCI DSS, CEBIH Award, MWOT Innovators Award, Frost and Sullivan Award, and the NAMB Award.
Appzone recently secured a $10.00M Series A investment on 12 April 2021 from investors including CardinalStone Capital Advisers, Constant Capital, Itanna Capital Ventures, Lateral Capital, and V8 Capital. With its impressive growth, innovative solutions, and strong investor backing, Appzone is poised to continue its disruptive influence in Africa’s financial services industry.
