Yellow Card raises $33M to expand stablecoin use in Africa
Yellow Card, a stablecoin platform focused on Africa, has secured $33 million in a Series C funding round led by Blockchain Capital.
This funding brings the company’s total equity financing to $85 million.
Other participants in the round included Polychain Capital, Third Prime Ventures, and Winklevoss Capital.
In a statement released on October 16, Yellow Card highlighted the significance of the financing round, which will support the company’s growth and expansion across the continent.
The funds will be used to strengthen its team, enhance systems, and further develop products that promote stablecoin adoption in Africa.
CEO Chris Maurice emphasised the company's commitment to exploring opportunities and expanding partnerships within the digital asset space.
Yellow Card has previously raised $55 million in Series A and B rounds and has partnered with key players in the digital asset industry, including Fireblocks, Coinbase, Stellar, and Alchemy Pay.
Aleks Larsen, General Partner at Blockchain Capital, expressed support for Yellow Card’s efforts to expand stablecoin use in Africa.
The newly secured capital will help Yellow Card further its mission of increasing access to stablecoins and digital assets across the African market, with plans for continued development and partnerships aimed at growing its presence in the region.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Cryptocurrency liquidations surpass $1,1 billion after surge in Ethereum, Bitcoin and Solana
BlackRock and SEC discuss staking and options in crypto ETFs
Pectra Update Raises Ethereum Staking Limit Without Threatening Decentralization, Says Consensys
SEC Commissioner Slams Ripple Settlement as Legal Battle Nears End
A senior U.S. Securities and Exchange Commission (SEC) official has criticized a proposed settlement between the agency and Ripple Labs, potentially marking the final chapter of a years-long legal dispute over the XRP token.

Trending news
MoreCrypto prices
More








