Africa’s largest crypto firm secures $57m funding

Africa’s largest cryptocurrency exchange, Yellow Card, has raised a total of $57 million to deepen its operation on the continent.

Regional Marketing Manager, West Africa, Yellow Card, Rachael Akalia, who made this known at the weekend, said after raising the largest Series A round for any African crypto company in 2021, the exchange secured $40 million in Series B Funding Round in September – bringing the total raised to $57 million.

Yellow Card is co-founded and led by Chris Maurice as chief executive officer and Justin Poiroux as chief technology officer, to offer traders a  simple way to make smart money moves.

According to her, the exchange enables users to trade Bitcoin and other coins at the best rates, promoting financial inclusion and education on the continent.

The global crypto market capitalisation has crossed more than a $1 trillion market, supported by high and stable trading volumes. Bitcoin, the most popular cryptocurrency, has crossed $30,000 for the first time since June last year.

Despite the bearish predictions about the crypto market, she said Yellow Card remained optimistic about the future and is committed to empowering its users with the tools and resources they need to succeed.

She described the campaign the firm did recently as “giving away a WHOLE bitcoin to fix the “HOLES” in the pocket of crypto users after a turbulent 2022″.

She noted that the campaign was designed to build a community of crypto enthusiasts and assist them in reaching their goal of gaining financial freedom.

“Yellow Card believes that by giving away one whole Bitcoin, they are not only inspiring hope but also fixing the ‘HOLES’ in the pockets of their users,” she added.

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