Yellow Card, an African crypto exchange platform has secured a Series B funding of 40 million US Dollars ($40, 000 000). This was led by Polychain Capital, alongside other investors like DG Daiwa Ventures, Raba Partnership, Sozo Ventures, Valar, and more.
A gentle reminder that Yellow Card Financial, launched in Nigeria in 2019 and is now serving over 15 countries.
In August 2021, they raised Series A of USD15, 000 000. Ever since the crypto platform launched an international transfer of crypto, it gained over one million customers before the end of the first quarter of 2022. A noteworthy record right?
Commemorating this huge feat for Yellow Card, the CEO, and Co-Founder, Chris Maurice said:
“The fundraise in this market showcased not just the resilience of our team but also a reiteration of the fact that digital currency is a necessity in Africa and there is a huge appetite for it”.
A partner at Polychain Capital, Will Wolf also said:
“Yellow Card is the best executing team on the continent. We are impressed by the way they seamlessly adjust and adapt to the unique opportunities and demands of the various African markets.”
He further added:
“We’ve barely done much of what is possible when it comes to cryptocurrency in Africa, and we’re excited for the more to come”.
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What You Should Know About Yellow Card Cryptocurrency Platform
- The company’s mission is to create financial inclusion for all. They aim to grant everyone access to crypto exchange, and hence, drive towards financial freedom.
- There are various payment options to choose from when it comes to buying and selling crypto online. Examples are buying with Bank Transfer, with mobile money, or directly from a Yellow Card store.
- It supports coins like Bitcoin, Ethereum, Tether, staple coins, and others.
- It claims to offer the best rates and zero transaction fees
To learn more about Yellow Card Financial, click here
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