Nigerian fintech, Zone, raises $8.5M seed to scale its decentralized payment infrastructure

Zone, before its launch, obtained a switching license from the Central Bank of Nigeria (CBN), the country’s apex bank, tapping into Nigeria’s central switch (Nigeria Inter-Bank Settlement System), which is responsible for the interoperability between various players in the country’s financial system and the swift movement of money between bank accounts.

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CardinalStone Capital Advisers Exits its Maiden Investment- i-Fitness Centre Limited

CardinalStone Capital Advisers (CCA), a West Africa-focused private equity fund manager, is pleased to announce that its CardinalStone Capital Advisers Growth Fund (CCAGF) has exited from its investment in i-Fitness Nigeria Limited (i-Fitness), to Verod Capital Management Limited (Verod).

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