EXPERTS NIGERIA African crypto exchange Yellow Card lands $40m Series B 2 weeks ago Samuel Post Views: 78 Yellow Card, a pan-African cryptocurrency exchange, has raised $40 million in a Series B funding round led by Polychain Capital. Also participating were Valar Ventures, Third Prime Ventures, Sozo Ventures, Castle Island Ventures, Fabric Ventures, DG Daiwa Ventures, The Raba Partnership, among others. Last year, Yellow Card raised $15 million in its Series A round, and with the new funding, the total capital secured is at $57 million. With the new cash influx, the crypto exchange plans on growing its business, expanding further across Africa, forge strategic partnerships in the region and develop new products. “For the past three years our team has worked tirelessly to make this technology accessible to anyone and create a world-class product. This fundraise in this market not only showcases the resilience of our team but also reiterates the appetite and necessity for cryptocurrency in Africa.” – says Chris Maurice, CEO and co-founder of Yellow Card. Launched in Nigeria in 2019, Yellow Card aims to make cryptocurrencies accessible “to anyone in Africa”. It currently operates in 16 African countries and claims to have surpassed more than 1 million customers this year. Source: fintechfutures.com About Post Author Samuel I am a journalist specializing in gambling in Africa and around the world. I am particularly interested in stories about games and casinos. See author's posts SamuelI am a journalist specializing in gambling in Africa and around the world. I am particularly interested in stories about games and casinos. Facebook Twitter LinkedIn Email Print Tags: cryptocurrencies, mobile money, Yellow Card Continue Reading Previous Evolution of sports betting in NigeriaNext Africa Bitcoin Conference launches maiden ABC hackathon More Stories BETTING NIGERIA Online betting tips from MSport – How to ensure security 13 hours ago Samuel EXPERTS WORLD NEWS Schmalzer heads sales at Novomatic 2 days ago Iwo Bulski EXPERTS UGANDA Tackling dangers of gaming is top priority 3 days ago Iwo Bulski EXPERTS KENYA Ruto pledges wealth tax on tycoons to fix Kenya’s budget 3 days ago Szarlot BETTING NIGERIA Oyo moves to regulate, improve gaming industry 3 days ago Samuel EXPERTS The Good, the Bad, and the Ugly 3 days ago Szarlot EXPERTS KENYA Report Reveals Sectors With Highest Digital Fraud Rate in Kenya 6 days ago Samuel EXPERTS NIGERIA The new frontier – why Africa should not be undervalued or underestimated 6 days ago Samuel EXPERTS HOT NEWS SOUTH AFRICA MTN is currently constructing 5G private networks for use in South Africa 1 week ago Szarlot BETTING NIGERIA Betting Companies And The Question Of Social Responsibility 1 week ago Samuel BETTING NIGERIA Nigerian Online Sports Betting Operator License Requirements 1 week ago Samuel EXPERTS GHANA Africa Bitcoin Conference launches maiden ABC hackathon 2 weeks ago Samuel Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Save my name, email, and website in this browser for the next time I comment. Δ This site uses Akismet to reduce spam. Learn how your comment data is processed.