The round, led by Blockchain Capital, brings Yellow Card to US$85 million in completed equity financings. Yellow Card, the largest and first licensed Stablecoin on/off ramp on the African continent, has announced the closing of its Series C financing. 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. 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.

Source: The North Africa Journal October 17, 2024 10:00 UTC