Yellow Card Financial, the Pan-African cryptocurrency exchange, has announced the close of its $40M Series B funding. The round was led by Polychain Capital, with participation from Valar Ventures, Third Prime Ventures, Sozo Ventures, Castle Island Ventures, Fabric Ventures, DG Daiwa Ventures, The Raba Partnership, Jon Weiner, Alex Wilson, Pat Duffy, and more.
Since launching in Nigeria in 2019 the team, based across 21 countries, has sought to make Bitcoin, Ethereum, Stablecoins, and other cryptocurrencies accessible to anyone in Africa.
The funding will enable the company to drive exponential business growth, continue its successful expansion across the continent, develop new product innovations, and advance strategic partnerships across Africa.
The significance of this raise, especially in a down market, undoubtedly reflects the level of business confidence expressed by new and existing investors.
Yellow Card is committed to continue its mission to create financial inclusion for all through various activities across the continent.