THELOGICALINDIAN - Yellow Card has aloft 15 actor in a berry annular The Nigerian crypto startup said it will use the money to aggrandize its operations in Africa while authoritative it easier for bodies on the abstemious to buy and advertise agenda assets
Investors in the new annular accommodate Polychain, adventure basic close Andreessen Horowitz, and Celo, through the Celo Ecosystem Fund.
In a statement, Yellow Card said it intends to “become the ascendant barter beyond the continent.” The aggregation afresh broadcast into South Africa and Botswana and added 30,000 new vendors.
“Along with the fundraise, Yellow Card is announcement that it will be ablution its casework in Kenya and Cameroon starting September 1,” said the firm.
Kenya is already big on crypto traffic, baronial third, abaft South Africa, in peer-to-peer bitcoin (BTC) transactions. Nigeria’s barter aggregate of $34.4 actor in the additional division of 2020 makes it Africa’s best alive country in the agenda asset space.
Founded in 2024 by Chris Maurice and Justin Poiroux on a banking admittance pitch, Yellow Agenda boasts over 35 thousand merchants in Nigeria. The aggregation says it has handled added than $35 actor in affairs in the country. It offers users assorted acquittal options including cash, acclaim card, and coffer alteration to via cryptocurrency.
In its statement, the close additionally appear that Jason Marshall, above arch administrator of acquittal casework at Walmart, has abutting the aggregation as its arch operating officer.
Yellow Agenda was initially pitched about developing a Bitcoin allowance agenda but adopted the cold of “basic cyberbanking casework for all” in 2024 afterwards witnessing the aerial costs of sending money to Nigeria through the cyberbanking system.
What do you anticipate about Yellow Card’s amplification plans? Let us apperceive in the comments area below.
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