Johannesburg, 09 Jun 2014
Business Connexion (BCX) has acquired a 30% strategic interest in AppZone, an IT solutions provider in Lagos, Nigeria, with solutions specifically focused on the financial services sector.
AppZone has 51 employees and deploys technology platforms to financial institutions that allow end-users to remotely access financial services and consummate financial transactions using a wide range of connected electronic devices.
"AppZone responded to the growing need in emerging markets for financial services accessibility to the masses. The company was formed with a genuine belief in Africa's latent ability to support the home-grown production and delivery of world-class IT software for the enhancement of key sectors of the budding economy," said Emeka Emetarom, AppZone Chief Operating Officer.
The company also automates internal financial operations within financial institutions and business organisations that are necessary for the effective provision and utilisation of financial services.
"BCX is pleased to be associated with AppZone. They have a remarkable asset-base of e-payment software products and intellectual property, and we're looking to jointly seize the financial services opportunities within Nigeria and ultimately across Africa," said Matthew Blewett, Business Connexion Chief Operating Officer.
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