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Yellow Card Closes $33 Million Series C Financing Round Led by Blockchain Capital
Investment Led by Prominent VCs
Blockchain Capital Leads the Way
Yellow Card, a leading Stablecoin platform in Africa, has successfully concluded its Series C financing round with a total of $33 million raised. The funding was spearheaded by Blockchain Capital, with contributions from other notable venture capital firms including Polychain Capital, Third Prime Ventures, and Castle Island Ventures.
Milestone for African FinTech Industry
Validating the Vision for Stablecoins in Africa
This significant funding round represents a key milestone not only for Yellow Card but also for the broader African FinTech industry. The successful raise validates the potential and progress of stablecoins in Africa and their practical applications globally.
Growth and Expansion Plans
Enhancing API and Widget Products
The newly secured capital will play a crucial role in fueling Yellow Card’s growth and expansion initiatives. The focus will be on enhancing its API and widget products, which serve as gateways for international businesses to enter African markets seamlessly. Additionally, Yellow Card aims to develop innovative products tailored for the African market and strengthen its team and systems.
Confidence in Business Model
Positive Investor Sentiment
The level of confidence shown by both new and existing investors in Yellow Card’s business model is reflected in the successful funding round. This underscores the trust and belief in the company’s vision and potential to drive financial inclusivity in Africa.
Commitment to Empower Africa
Enabling International Payments and Treasury Management
Yellow Card remains committed to empowering businesses of all sizes in Africa by simplifying international payments, treasury management, and providing access to hard currency liquidity through stablecoins. The company’s continued engagement with regulators across the continent underscores its dedication to compliance and growth in the African market.