Finance

Cryptocurrency exchange platform Yellow Card raises $15 million to expand in Africa

Thursday, 30 September 2021 20:03
Cryptocurrency exchange platform Yellow Card raises $15 million to expand in Africa

(Ecofin Agency) - Africa is increasingly positioning itself as a stronghold of the global cryptocurrency market. With increased investment in the continent's exchange platforms, this momentum is expected to continue.

Pan-African cryptocurrency exchange platform Yellow Card announced it has closed a $15 million Series A funding round to pursue its expansion  in Africa and launch new products.

Since it was launched in Nigeria in 2018, the exchange platform has worked to make cryptocurrencies like Bitcoin or Ether accessible to all Africans. Yellow Card provides financial services in twelve African countries through third-party agents. These include Bostswana, Cameroon, DRC, Gabon, Ghana, Kenya, Nigeria, Rwanda, South Africa, Tanzania, Uganda and Zambia. “Our mission has always been to make cryptocurrency accessible anywhere and everywhere across the African continent. Now, we have the backing to make that a reality, alongside an amazing team of investors who share our vision,” said Chris Maurice, co-founder and CEO of Yellow Card.

This fundraising operation, which is quite significant for a cryptocurrency exchange platform in Africa, shows the sector’s dynamism on the continent. It was led by Valar Ventures, Third Prime and Castle Island Ventures, with participation of Blockchain.com Ventures, Coinbase Ventures, Polychain Capital, BlockFi, Fabric Ventures and Square Inc, among others.

According to a recent report by Chainalysis, the African digital currency market has grown by 1,200% between June 2020 and July 2021.



 
Telecom


 
Public Management


Ecofin Agency covers the news from 9 business sectors in Africa: Public management, Finance, ICT, Agribusiness, Electricity, Mining, Oil and Gas, Comms and Laws. Ecofin Agency is also creating and management specialized medias, in paper and on the web/social networks, for institutions or African publishers.

AGENCE ECOFIN

Mediamania Sarl
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11

REDACTION
redaction@agenceecofin.com

Public management
Aaron AKINOCHO
Borgia KOBRI
Moutiou ADJIBI

Finance
Idriss LINGE
Walid KEFI
Chamberline MOKO

Agribusiness
Espoir OLODO

Electricity
Gwladys JOHNSON

Oil and Gas
Olivier DE SOUZA

Mining
Louis-Nino KANSOUN

ITC 
Muriel EDJO

Comms
Servan AHOUGNON

Cameroon
Brice R. MBODIAM
Sylvain ANDZONGO
Monique MAY
Julienne Rose SENDE

Togo
Fiacre E. KAKPO
Waliyullah TAJUDEEN
Séna AKODA

Niger
Sandrine GAINGNE

Gabon
Stephane BILLE
Pierre-Celestin ATANGANA

Desk
Stéphane ALIDJINOU
Souha TOURE
Vahid CODJIA
Diane ZODEHOUGAN
Hikmatu BILALI

Translation
Schadrac AKINOCHO
Mouka MEZONLIN
Firmine AÏZAN



Digital
Omar SOKHNA
Mamadou DIOP
Bacary MANE
Abdel Razak MOULIOM

Digital Marketing
Jérémie FLAUX
Geraud ACHI
Jean Christian BERNARD
Franck FOUTE

Web publishing
Bakoly RAHARISOA
Rina RAMANANDRAISOA
Hasina RAJEMISON

Development
Dominique FLAUX

 


 
REGIE COMMERCIALE
AGENCE ECOFIN
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11
Fax: +41 22 301 96 10

Benjamin FLAUX
bf@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72

Voir page 
Nos services
 

 










 



Ecofin Agency is a news agency for economic and sectorial information. It was created in 2010 and it website was launched in June 2011.

Please publish modules in offcanvas position.