EXPERTS NIGERIA African crypto exchange Yellow Card lands $40m Series B 4 months ago Samuel Post Views: 172 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 EXPERTS SOUTH AFRICA Only 2 Months at The BiG Africa Summit 2023! 7 hours ago Iwo Bulski EXPERTS MALAWI How Will Malawi’s Economy Fare in 2023 7 hours ago Samuel EXPERTS SOUTH AFRICA South Africans spent big on groceries, entertainment and fuel in December 7 hours ago Szarlot LOTTERIES NIGERIA Meet the Real Owner of Baba Ijebu 1 day ago Szarlot EXPERTS WORLD NEWS What Will Be The Future of Sports Betting Around The World? 1 day ago Szarlot EXPERTS HOT NEWS TANZANIA Mobile Betting – How Popular is it in Africa? 1 day ago Szarlot EXPERTS RWANDA Adam Bradford launches centre to train youth in Rwanda 4 days ago Iwo Bulski NIGERIA ONLINE Does Nigeria really have the biggest gambling industry in Africa? 4 days ago Szarlot NIGERIA ONLINE Safest Betting Apps for Nigerian Players 4 days ago Samuel EXPERTS KENYA BetEngines launches the first Sportsbook software solution tailor-made for the African market. 5 days ago Adeleye Awakan BETTING NIGERIA 13 players win over N160m via BetKing’s ACCA 5 days ago Szarlot EXPERTS KENYA Ronald Karauri’s Inspiring Journey from Pilot to SportPesa Billionaire 5 days ago Szarlot 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.