• Yellow Card, a cryptocurrency exchange, has raised $40 million in a Series B financing

  • Yellow Card Financial, an all-African cryptocurrency exchange, reported on Monday that its Series B investment round had raised $40 million.

    “This fundraise in this market not only showcases the resilience of our team but also reiterates the appetite and necessity for cryptocurrency in Africa,” Yellow Card CEO and co-founder Chris Maurice said in a statement.

    The fundraising round, which followed Yellow Card’s $15 million Series A investment last year, was headed by Polychain Capital. Yellow Card, which is active in 16 nations, began operations in Nigeria in 2019.

    Valar Ventures, Third Prime Ventures, and Sozo Ventures were among the investors in the most recent financing round.

    What's your reaction?
    Happy0
    Lol0
    Wow0
    Wtf0
    Sad0
    Angry0
    Rip0