Yellow Card, an African Bitcoin exchange that recently announced a $15 million Series A funding, is one of the continent’s leading trailblazers in cryptocurrency. Its most recent round was led by Valar Ventures, Third Prime, and Castle Island Ventures. Square, Coinbase Ventures, and Blockchain.com Ventures. Now Yellow Card plans to use its funding to grow its team, launch new products, and expand to more African countries across the continent. According to Forbes, the announcement makes it the most considerable funding by a B2C crypto exchange in Africa. The firm was first launched in 2018 in Nigeria
It took a white man, CEO of Twitter Jack Dorsey, to point out one of the most powerful, yet underrated stories coming out of Africa, when he said “ Africa will define the future of Bitcoin.” I am here to tell you that story. After years of poor governance and corruption, the time has now caught up with Africa’s states. They are unable to generate enough job opportunities for the millions of digital native Africans that spend 6 hours every day glued to their WhatsApp, Tik Toks, selfies and hyper-localized
