Nigerian payment infrastructure company, TechAdvance has announced that it has transitioned to Bloc in line with plans to harmonize the brand with its offerings.
The company, which officially released a proprietary suite of APIs known as Bloc a few weeks back, now intends to bear the same name in what it refers to as the first of a series of thrilling announcements which will be made over the coming months.
According to the company, the decision to become one with its product is in line with its existing mission of building a global infrastructure for the African Fintech ecosystem.
According to the company, the proprietary Bloc APIs will make it easier for tech companies, internet startups, small businesses and larger corporations to build and scale their financial services in far less time than it usually takes.
The bloc API suite currently has five live products. They are the eWallet and virtual account, utilities, cash code, agency banking, and transfers.
“We have grown immensely since the inception of TechAdvance in 2009, from only offering solutions in the utility payments space to becoming the only FinTech/Banking as a Service provider in the country backed by a blend of licenses and certification”Brand & Comms Lead, Praise Philemon.
Founded by Edmund Olotu in 2009, the company has actively contributed to the tech space by providing African Fintech with tools for scale and expansion beyond the African continent. The company is known for its branded financial services.
These include G-Pay Africa, Ace Remittance, Data Analytics and Transfer2Africa.
TechAdvance received a $1 million investment from Saudi based Lamar Holdings in 2019. According to the company, it will be announcing new updates to its service suite in the coming months.
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