ApeiroX is a portmanteau of the terms Apeiros and Exchange. Apeiros is a Greek word that roughly translates to "infinite." ApeiroX, in other terms, implies "infinite exchange." ApeiroX was created as a result of a collaboration between two Nigerian enterprises.

One of the enterprises, Ajebor Farms (a subsidiary of Hybrid Global Resources), is engaged in large-scale agriculture and owns approximately 10,000 hectares of farmland in various regions of the nation, as well as transacting cross-border rice husk imports from other west African nations. Ajebor Farms also operates two rice mills, each capable of processing 90 metric tonnes of rice each day. For the past eight years, Ajebor Farms has been functioning in Nigeria.

Optimalsoft Limited, a software firm based in Lagos, Nigeria, is the second firm in the alliance. The company was instrumental in the development of Ajebor Farms' digital transactions, as well as the deployment of other software products for business administration, real estate solutions, and other purposes. Optimalsoft Limited has been in operation for approximately six years.

Apart from the key partnership that kicked off the ApeiroX project, a slew of other experienced individuals joined in the development process alongside the companies, and thanks to their vast experience and contributions, the product was fine-tuned and put on the right track for better management, auditing, and long-term success.