African crypto exchange Yellow Card closes $15M Series A
Africa has emerged as a bastion for cryptocurrency adoption. Venture capital is looking to capitalize on the growing trend. African cryptocurrency exchange Yellow Card has concluded a $15 million Series A financing round led by some of blockchain’s biggest venture funds, underscoring the growth potential of digital assets on the continent. The fundraiser, which was described as the largest ever by any African cryptocurrency exchange, will enable Yellow Card to scale its operations across Africa and onboard new talent, the company announced Monday. The Series A came roughly one year after....
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Yellow Card, an Africa-focused crypto exchange platform, recently announced a capital raise of $15 million from its Series A funding round. The capital raise, which is Yellow Card’s largest, was led by Valar Ventures, Third Prime, and Castle Island Ventures. Square, Coinbase Ventures, and Blockchain.com Ventures also participated in the round.
Making Cryptocurrencies Accessible
According to the exchange platform’s blog post, part of the funds raised will be used to “ramp up hiring and continue its expansion across the continent.” On the other hand,....
Yellow Card’s CEO said that the Botswana VASP license is the first license for African crypto exchanges established by an African country. African crypto exchange Yellow Card has received a significant regulatory approval to continue expanding its operations across the continent.Yellow Card has obtained a virtual asset service provider (VASP) license from the Non-Bank Financial Institution Regulatory Authority (NBFIRA) of Botswana, according to the Oct. 19 announcement.The new license officially authorizes Yellow Card to allow its customers to buy and sell Bitcoin (BTC), Ether (ETH) and....
Africa-focused crypto exchange Yellow Card recently revealed it has closed its $40 million Series B funding round. The exchange’s announcement of its latest capital raise comes just over a year after it raised $15 million from its Series A round. Funds to Be Used for Development of New Products Yellow Card, an Africa-focused cryptocurrency exchange, recently disclosed it had closed its $40 million Series B funding round. The crypto exchange said it will use the funds raised to finance the development of new products as well as to “advance strategic partnerships across....
African bitcoin exchange Yellow Card raised $15 million in a Series A funding round, the biggest yet in the continent.
Yellow Card, an Africa-focused cryptocurrency exchange platform, recently said it has received a virtual asset service provider (VASP) license to operate in Botswana. Granted by the country’s Non-Bank Financial Institutions Regulatory Authority, Yellow Card’s license allows the crypto exchange to bolster its operations on the continent. Working With Regulators The Africa-focused cryptocurrency exchange platform, Yellow Card, recently revealed it had received a virtual asset service provider (VASP) license to operate in Botswana. The licence, which was issued by Non-Bank....