Tuesday
October 22
2024

Yellow Card Secures $33 Million to Enhance Stablecoin Services in Africa

By Muhammad Syofri Ardiyanto

Yellow Card, a pioneering fintech company in Africa, has secured $33 million in Series C financing. Blockchain Capital led this fundraising, with other prominent backers including Polychain Capital, Galaxy Ventures, and Winklevoss Capital.

The fresh capital marks a major turning point for Yellow Card as well as the larger African fintech scene since it brings the total equity financing of $85 million.

Photo courtesy of Andrea Piacquadio.

Source: Crypto News Flash (link opens in a new window)

Categories
Finance, Technology
Tags
blockchain, digital payments, financial inclusion, fintech