Crypto startup Yellow Card lands investment from Celo Ecosystem Fund

Yellow Card, a cryptocurrency startup which started out in Nigeria, has announced a $1.5 million investment led by Polychain and the Celo Ecosystem Fund.

The Celo Ecosystem Fund is a new fund led by Polychain and supported by Andreessen Horowitz and Celo. Other investors in the round include Fenbushi VC, Metal VC, Atlanta Tech Angels, Acuity, and more.

With this funding, the company plans to expand to more African countries and has launched its services in Kenya and Cameroon starting September 1, adding to previous expansion into South Africa and Botswana.

Additionally, Yellow Card has announced that Jason Marshall, former senior director of payment services at Walmart, has joined the team as its chief operating officer.

Reach Africa’s private equity community by publishing a Showcase Article, Job Opportunity or Event on Africa Private Equity News. Contact us at editor@africaprivateequitynews.com for our rate card and more information.