Business Connexion (BCX) has acquired a 30% strategic interest in AppZone Limited, an information technology solutions provider in Lagos, Nigeria. While the amount of the acquisition has not been revealed, the company stated that the AppZone acquisition will allow it to offer solutions for the financial services sector.
Matthew Blewett, Business Connexion Chief Operating Officer, stated that, “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.
Emeka Emetarom, AppZone chief operating officer said, “AppZone responded to the growing need in emerging markets for financial services accessibility to the masses.”
AppZone also automates internal financial operations within financial institutions and business organisations needed to effectively provide financial services.