We’ve raised US $33M in our Series C funding, led by @blockchaincap, bringing our total equity to $85M! This game-changing investment fuels our growth across Africa, enhancing our API and Widget products for seamless international payments. pic.twitter.com/w42CSo23aG
The funding round saw major participation from leading firms, including Blockchain Capital, Polychain Capital, and Galaxy Ventures. Highlighting the importance of this milestone, Yellow Card’sCo-Founder and CEO, Chris Maurice, stated, “This fundraise affirms our resilience and underscores the growing importance of digital assets for businesses across Africa.”
I'm honored to announce Yellow Card's Series C led by @blockchaincap!
For 5 years, we've poured all of our time, energy, and emotion into building something that has a real impact and benefit in people's lives and businesses.
The funds will be directed towards several strategic goals, such as enhancing Yellow Card’s product offerings and improving its API infrastructure. The company also aims to deepen collaboration with regulators across the continent. Maurice revealed that these investments will primarily support “strategic initiatives in Africa,” with a focus on expanding stablecoin access and broadening Yellow Card’s reach.
Driving Africa’s Digital Finance Ecosystem
Operating in over 20 African countries, Yellow Card has processed more than $3 billion in transactions, establishing itself as a major player in Africa’s evolving digital finance space. Aleks Larsen, a General Partner at Blockchain Capital, commented, “The future of payments lies in fast, affordable rails for everyone,” aligning with Yellow Card’s mission to integrate Africa more deeply into the global digital economy.
We’ve led the $33M Series C round of Yellow Card!@yellowcard_app is the largest and first licensed stablecoin on/off ramp on the African continent, with operations spanning 20 African countries and over $3 billion in transactions facilitated across the continent. pic.twitter.com/6mRTA1Yhyv
The successful Series C funding round positions Yellow Card for further expansion across Africa, reflecting the growing confidence in stablecoins and digital assets in the region. With this new financial backing, the company plans to enhance its offerings and further advance Africa’s digital finance landscape.
