Yellow Card, a Johannesburg, South Africa-based licensed Stablecoin on/off ramp on the African continent, raised US$33M in Series C funding.
The round was led by Blockchain Capital, with participation from Polychain Capital, Third Prime Ventures, Castle Island Ventures, Block, Inc., Galaxy Ventures, Blockchain Coinvestors, Hutt Capital, and Winklevoss Capital.
The company intends to use the funds to accelerate its growth and expansion, particularly through enhancing its API and widget products.
Led by CEO Chris Maurice, Yellow Card is a licensed Stablecoin on/off ramp on the African continent, providing individuals and businesses of all sizes across 20 countries with secure methods to buy and sell USDT, USDC, and PYUSD via their local currency, directly and through its payments API.
Additionally, the company is developing innovative new products for the continent, strengthening its team and systems, and continuing to lead engagement with regulators across the continent.
FinSMEs
17/10/2024