EXPERTS NIGERIA African crypto exchange Yellow Card lands $40m Series B 1 year ago Samuel Post Views: 422 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 KENYA Ministries, State Departments to cut expenditure by 10 per cent 15 hours ago Szarlot BETTING NIGERIA Nigeria bans multiple operators 17 hours ago Szarlot EXPERTS KENYA KRA Online Auction Opens Bidding Process To All Taxpayers 17 hours ago Samuel EXPERTS NIGERIA Nigeria: Application For Sports Betting License In Nigeria 17 hours ago Szarlot EXPERTS SOUTH AFRICA Emerging trends and future prospects: African and UK gaming laws 2 days ago Szarlot EXPERTS UGANDA Afcon 2027 will be ‘amazing’ in East Africa, pledges Ugandan organiser 6 days ago Iwo Bulski EXPERTS WORLD NEWS From Retail to Online Casino in Africa: A Transformative Journey 6 days ago Iwo Bulski EXPERTS UGANDA Ugandan KRA and LGRB offices order online connection to the central monitoring system in 2024 7 days ago Iwo Bulski BETTING NIGERIA Nigeria’s Portable Becomes LuckyBet Brand Ambassador 7 days ago Szarlot BETTING NIGERIA Eguavoen, Amokachi laud sponsor of grassroots football tourney 7 days ago Iwo Bulski EXPERTS NIGERIA Betway Nigeria unveils exciting new experience center in Ojodu Berger, Lagos 7 days ago Szarlot EXPERTS GHANA Sports betting in Ghana, an industry whose time has come 1 week 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.