web3.0
Yellow Card Closes US$33 Million Series C Funding Round to Drive Digital Asset Adoption Across Africa
Yellow Card Closes US$33 Million Series C Funding Round to Drive Digital Asset Adoption Across Africa
Oct 17, 2024 am 09:44 AM
Yellow Card, one of the continent’s leading stablecoin on/off-ramp platform, announced that it has successfully closed a US$33 million Series C funding round
Yellow Card, a leading stablecoin on/off-ramp platform in Africa, has announced the successful closure of a US$33 million Series C funding round. This latest equity financing brings Yellow Card’s total funding to date to US$85 million. The round was led by Blockchain Capital.
In a statement, Yellow Card said the fundraise will support its mission to drive digital asset adoption across the continent. The company, which was founded in Nigeria in 2019, has grown to become the first licensed stablecoin service in Africa.
Currently, Yellow Card operates in 20 countries and has facilitated more than US$3 billion in transactions. According to the company, this signals a strong demand for stablecoin solutions in a region where traditional banking infrastructure can often be inaccessible or unreliable.
The funding round saw participation from an array of influential investors, including Polychain Capital, Third Prime Ventures, Castle Island Ventures, Block Inc., Galaxy Ventures, Blockchain Coinvestors, Hutt Capital, and Winklevoss Capital.
This diverse backing reflects a growing belief in the potential of stablecoins and digital assets to address some of Africa’s most pressing financial challenges.
Commenting on the fundraise, Chris Maurice, CEO and co-founder of Yellow Card, highlighted its strategic importance.
“This fundraise not only demonstrates our resilience, but also highlights the vital role of digital assets for businesses across Africa. We are excited about the opportunities, partnerships, and journey ahead. Our vision is to empower African businesses and individuals to engage in the global economy seamlessly, with digital currencies at the forefront,” said Maurice.
The freshly raised capital will be pivotal in scaling Yellow Card’s operations further. A key focus will be enhancing the company’s API and widget products, which serve as critical gateways for international businesses such as Coinbase and Block to enter African markets.
These tools will also support Pan-African companies in making international payments and managing their treasury via stablecoins, offering a stable alternative to volatile local currencies.
“Yellow Card’s platform bridges a critical gap in the African financial ecosystem,” said Aleks Larsen, General Partner at Blockchain Capital, who led the Series C round.
“The future of payments lies in fast, affordable rails for everyone, powered by open networks. We’re thrilled to back Yellow Card as they bring Africa on-chain with stablecoins.”
Yellow Card’s Series C raise comes at a time when stablecoins are gaining increased attention as a solution for cross-border transactions, especially in regions where access to hard currency is limited.
By providing businesses of all sizes with fast, affordable, and secure methods for international payments and liquidity management, Yellow Card is reshaping Africa’s financial landscape.
In addition to scaling its platform, Yellow Card aims to further engage with regulators across the continent, fostering a more robust and regulated ecosystem for digital currencies.
This regulatory engagement is crucial for gaining widespread trust and adoption of stablecoins in Africa, ensuring that businesses and consumers alike can benefit from this innovative financial technology.
The above is the detailed content of Yellow Card Closes US$33 Million Series C Funding Round to Drive Digital Asset Adoption Across Africa. For more information, please follow other related articles on the PHP Chinese website!
Hot AI Tools
Undress AI Tool
Undress images for free
Undresser.AI Undress
AI-powered app for creating realistic nude photos
AI Clothes Remover
Online AI tool for removing clothes from photos.
Clothoff.io
AI clothes remover
Video Face Swap
Swap faces in any video effortlessly with our completely free AI face swap tool!
Hot Article
Hot Tools
Notepad++7.3.1
Easy-to-use and free code editor
SublimeText3 Chinese version
Chinese version, very easy to use
Zend Studio 13.0.1
Powerful PHP integrated development environment
Dreamweaver CS6
Visual web development tools
SublimeText3 Mac version
God-level code editing software (SublimeText3)
Hot Topics
How to download Ouyi on Android phone ok download tutorial (step-by-step tutorial)
Jun 12, 2025 pm 10:18 PM
How to safely download and install Ouyi OK APP? 1. Visit the official website: Use the Android browser to enter the official website and confirm it is the official website; 2. Find the download entrance: Click the "APP Download" button on the homepage; 3. Select the Android version: Select "Android Download" on the download page; 4. Download the APK file: Allow the browser to download APK installation packages from unknown sources; 5. Enable installation permissions: Go to the mobile phone settings to enable the "Unknown Source Application Installation" permission; 6. Complete the installation: Click the APK file to install, etc.
Top 10 Currency Exchanges in the Cryptocurrency Exchange Latest Edition
Jun 12, 2025 pm 10:24 PM
It is crucial to choose a safe and reliable exchange. Platforms such as Binance, Ouyi, Huobi, and Sesame Open Door Gate.io have their own advantages. Investment should be cautious and consider factors such as security and handling fees.
Binance's latest Android download web version entrance
Jun 12, 2025 pm 10:27 PM
Binance, as the world's leading cryptocurrency trading platform, has attracted the favor of millions of users around the world with its powerful trading functions, rich digital asset types and excellent security performance. To meet the needs of different users, Binance provides a variety of access methods, including Android mobile apps and web versions.
How to download Binance binance download tutorial on Android phone (step-by-step tutorial)
Jun 12, 2025 pm 10:15 PM
Two methods and precautions for downloading Binance on Android phones: 1. Download the APK file through the official website: visit Binance official website www.binance.com, click "Android APK Download", and enable the installation permission of the "Unknown Source" of your phone before completing the installation; 2. Download through a third-party application store: select a trusted store to search for "Binance", confirm the developer information and download and install it. Be sure to get the app from official channels, enable two-factor verification, regularly change passwords and be alert to phishing websites to ensure your account security.
Jetbolt (Jbolt) is thriving greatly, which is why
Jun 11, 2025 pm 04:54 PM
As XRP price trends continue to attract market attention, observers have also turned their attention to emerging crypto projects such as Jetbolt (JBOLT). Although most analysts focus on the latest XRP price forecasts, many people are attracted by Jetbolt (JBOLT)'s outstanding performance in the pre-sale stage. Its pre-sales are progressing rapidly, and the latest 357 million tokens sold is a strong proof. Jetbolt has a series of cutting-edge features, such as zero-gas trading technology. Can this help it soar? At the same time, will the SEC follow-up handling of the Ripple case drive the XRP price to rise? Here is the latest analysis of Jetbolt pre-sales and XRP price trends. XRP Price Outlook: S
Download the Chinese version of virtual currency app. The top ten Chinese versions of global virtual currency apps.
Jun 12, 2025 pm 04:00 PM
As the cryptocurrency market becomes increasingly mature, more and more investors are beginning to pay attention to virtual currency trading. It is crucial to choose a safe, convenient and powerful virtual currency app. This ranking comprehensively considers multiple dimensions such as user experience, security, transaction depth, currency support, Chinese services, etc., and selects the top ten global virtual currency apps in Chinese versions for you, helping you to be at ease in the digital currency world.
Ouyi download tutorial Ouyi latest version download tutorial (full version)
Jun 18, 2025 pm 07:39 PM
As the world's leading cryptocurrency exchange, OKX provides a safe and reliable trading environment and a rich variety of digital assets. 1. Visit the official website www.okx.com to download the application; 2. Select the Android or iOS version according to the device; 3. Install the application and complete registration or login; 4. Enable two-factor verification to ensure account security. The platform supports spot trading, leveraged trading, contract trading, DeFi, OKX Earn financial management and NFT market.
Societe Generale launches USD fixed StableCoin USD common animal (USDCV)
Jun 11, 2025 pm 05:36 PM
Through its cryptocurrency subsidiary Societe Generale-Forge (SG-Forge), Societe Generale announced the launch of a new dollar-anchored stablecoin named USDColvertible (USDCV). The French bank is using the newly launched stablecoin to enter the fast-growing stablecoin space. This marks the first time that major European financial institutions have entered the stablecoin market. The digital asset is issued by SG-Forge and will be launched on two public chains, Ethereum and Solana. The stablecoin, called USDCV, is classified as an electronic currency token (EMT) under the EU Crypto Assets Market Regulation (MICA). SG-Forge has