Yellow Card, a Johannesburg, South Africa-based Pan-African cryptocurrency exchange, raised $15M in Series A funding.
The round was led by Valar Ventures, Third Prime, and Castle Island Ventures with participation from Square, Inc., Blockchain.com Ventures, Coinbase Ventures, Polychain Capital, BlockFi, Fabric Ventures, Raba Partnership, MoonPay, GreenHouse Capital, and more.
The company intends to use the funds to ramp up hiring and continue its expansion across the continent.
Led by Chris Maurice, CEO, Yellow Card makes it easy for anyone, anywhere in Africa to buy crypto using cash, mobile money, card, or bank transfer. The company enables anyone on the continent to buy, sell, spend, and store Bitcoin, Ethereum, or USDT to solve basic financial service issues. Serving Cameroon, Kenya, Nigeria, South Africa, Botswana, Rwanda, Tanzania, Ghana, Zambia, Uganda, Gabon, Malawi, and more coming this year, the company has a team of 110 employees in 16 countries.