Yellow Card, the leading stablecoin on/off ramp in Africa, has successfully closed a Series C financing round worth $33 million. This significant investment, led by Blockchain Capital with participation from prominent investors like Polychain Capital, Third Prime Ventures, and Block, Inc., validates Yellow Card’s position as a pioneer in the African FinTech landscape.

This funding round marks a major milestone for Yellow Card and the African FinTech industry as a whole. It demonstrates the growing confidence in the potential of stablecoins and their practical applications on the continent.

Chris Maurice, CEO and co-founder of Yellow Card, expressed his excitement about the funding and the opportunities it presents. “This investment will fuel our growth and expansion, allowing us to enhance our API and widget products and develop innovative new solutions for the African market,” he stated.

Key Highlights of the Funding Round:

• Strategic Partnerships: Yellow Card has partnered with renowned investors, including Blockchain Capital, Polychain Capital, and Block, Inc.
• Focus on Growth and Expansion: The funding will be used to expand Yellow Card’s operations and enhance its product offerings.
• Validation of Stablecoin Potential: The investment signifies the growing confidence in the future of stablecoins in Africa.

Yellow Card’s Impact on African Businesses

Yellow Card has been instrumental in empowering businesses of all sizes across Africa by providing easy access to international payments, treasury management, and hard currency liquidity through stablecoins.

The participation of prominent investors in this funding round reflects their belief in Yellow Card’s vision and its potential to revolutionize the African financial landscape. Blockchain Capital’s General Partner, Aleks Larsen, emphasized the importance of open networks and affordable payment rails, highlighting Yellow Card’s role in driving this transformation.

Yellow Card’s successful Series C funding is a testament to its innovative approach and the growing demand for stablecoin solutions in Africa. As the company continues to expand and develop new products, it is poised to play a pivotal role in shaping the future of digital finance on the continent.