Nigeria: Quantum Capital Partners Raises $ 5.5 Million for TeamApt

Nigerian company Quantum Capital Partners raised $ 5.5 million for TeamApt, a provider of payment solutions.

This funding will allow the development of new financial products and the launch of a banking application called AptPay. The recipient company claims monthly transactions in the order of USD 160 million, and a car park consisting of 26 African banks.

Tosin Eniolorunda, CEO of TeamApt, said the company plans to « develop more services for businesses. We are also planning to strengthen our operations in Nigeria and parts of Europe.  »

Private equity company founded by millionaire and Nigerian banker Jim Ovia, Quantum Capital Partners is now on the Canadian market and on the European continent.

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