Pan-African fintech startup Yellow Card has raised US$33 million in Series C funding to drive global expansion and strategic initiatives, taking its total equity funding to US$85 million. Since launching in Nigeria in 2019, Yellow Card has become the largest and first licensed Stablecoin on/off ramp on the African continent. Additionally, Yellow Card is developing innovative new products for the continent, strengthening its team and systems, and continuing to lead engagement with regulators across the continent. “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 couldn’t be more excited to back Yellow Card as they bring Africa on-chain with stablecoins,” he said.

Source: The North Africa Journal October 18, 2024 12:44 UTC