Yellow Card closes $33m Series C funding round
The $33 million equity financing was led by Blockchain Capital.
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Yellow Card, a stablecoin on/off ramp on the African continent, today announced the closing of its Series C funding round. The $33 million equity financing was led by Blockchain Capital, with participation from Polychain Capital, Third Prime Ventures, Castle Island Ventures, Block, Inc., Galaxy Ventures, Blockchain Coinvestors, Hutt Capital, and Winklevoss Capital.
“This fundraise not only demonstrates our resilience, but also highlights the vital role of digital assets for businesses across Africa,” said Chris Maurice, CEO and co-founder of Yellow Card. “We are excited about the opportunities, partnerships, and journey ahead; and I'm proud to work with an incredible cohort of investors that share our vision for the industry and the continent.”
Since its launch in Nigeria in 2019, Yellow Card has expanded its operations to 20 African countries, with over $3 billion in transactions facilitated.
“The future of payments lies in fast, affordable rails for everyone, powered by open networks,” said Aleks Larsen, general partner at Blockchain Capital. “We couldn’t be more excited to back Yellow Card as they bring Africa on-chain with stablecoins.”
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