TechAdvance

TechAdvance was a prominent Nigerian fintech company that evolved from a specialized payment application developer into a comprehensive financial infrastructure provider. Founded in 2009, the company focused on solving complex payment challenges for large public and private sector organizations. Over time, it expanded its portfolio to include diverse platforms such as GPay Africa and various utility payment solutions, eventually pivoting its core strategy toward Banking-as-a-Service (BaaS). In late 2021, the company underwent a strategic rebranding to become Bloc, aligning its identity with its proprietary suite of financial APIs designed to empower other businesses to build and scale financial services. The transition marked a significant shift toward providing developer-friendly infrastructure for the broader African fintech ecosystem.

The company’s mission was to build global infrastructure for the African fintech ecosystem, enabling tech companies, startups, and large corporations to build and scale financial services more efficiently.

• Successfully rebranded and transitioned operations to Bloc in 2021
• Secured $1 million in investment from Lamar Holding in 2019
• Achieved a $20 million valuation in 2019
• Developed a robust ecosystem of niche subsidiaries including GPay Africa and Advance BancCorp

Sources

• TechCrunch Fintech News
• CB Insights