Draft:Yellow Card Financial

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Yellow Card Financial
IndustryCryptocurrency
Founded2018
FounderChris Maurice, Justin Poiroux
Headquarters
Lagos, Nigeria
Area served
Africa
ProductsCryptocurrency exchange, cryptocurrencies

Yellow Card Financial, is a financial technology company based in Africa that operates as a cryptocurrency exchange with access to cryptocurrencies such as Bitcoin, Ethereum, USDT and USDC.[1][2][3][4] It is the largest cryptocurrency exchange operating in Africa.[5]

Overview

The company was founded by Chris Maurice and Justin Poiroux in 2018.[2][6][7] The company launched in Nigeria in 2019.[8][9][10][11] Yellow Card is headquartered in Lagos.[12] [13]

Yellow Card's exchange platform mainly operates in Africa. As of September 2022, the exchange operates in 16 countries across the continent.[14][15][16][17] The exchange allows users to trade cryptocurrencies, such as Bitcoin, Ethereum and others.

In 2021, the company announced a $15M Series A funding round, led by Valar Ventures, Third Prime, and Castle Island Ventures.[18][19][20]

In September 2022, Yellow Card closed a $40M Series B funding round, led by Polychain Capital, bringing the total raised funding to $57 million.[21][22][23][24][25][26]

In January 2024, Yellow Card and Coinbase announced a partnership, to expand access to USDC in 20 countries across Africa.[27][28][29]

References

  1. ^ Tredger, Christopher (2022-05-25). "Regulation still blocks Africa's path to mainstream crypto adoption". ITWeb Africa. Retrieved 2024-04-22.
  2. ^ a b Sigalos, MacKenzie (2023-03-25). "The crypto exchange this 26-year-old launched in 2019 has done $1.75 billion in transactions". CNBC. Retrieved 2024-04-22.
  3. ^ apofeed (2024-02-13). "Yellow Card introduces USD Coin (USDC) on Stellar Network for Lightning-Fast Cross-Border Transactions". African Business. Retrieved 2024-04-22.
  4. ^ "Yellow Card Seeks Exchange License After Nigeria Lifts Crypto Ban". Bloomberg.com. 2023-12-23. Retrieved 2024-04-22.
  5. ^ Nigeria, Guardian (2023-04-18). "Africa's crypto exchange, Yellow Card, gives 1 whole Bitcoin". The Guardian Nigeria News - Nigeria and World News. Retrieved 2024-04-22.
  6. ^ Yellow Card open to Crypto Regulation, 2023-07-14, retrieved 2023-12-14
  7. ^ "Yellow Card". Forbes. Retrieved 2024-04-22.
  8. ^ "High Net Worth Individuals, Corporates and Institutions to Benefit from Yellow Card's OTC Crypto Desk". www.cnbcafrica.com. 2022-08-03. Retrieved 2024-04-22.
  9. ^ Adesanya, Adedapo (2022-09-12). "Yellow Card Intensifies Crypto Push as Customers Hits 1 Million | Business Post Nigeria". Retrieved 2024-04-22.
  10. ^ Buday, John (2020-09-11). "How Yellow Card crypto exchange serves the underserved". Entrepreneur & Innovation Exchange.
  11. ^ "Yellow Card Honoured as Disruptor of the Year at the 2023 Africa Financial Industry Summit". www.cnbcafrica.com. 2023-11-23. Retrieved 2024-04-22.
  12. ^ "Crypto Exchange Yellow Card in Talks to Expand Services in Nigeria". Bloomberg.com. 2023-04-20. Retrieved 2024-04-22.
  13. ^ "Crypto firm wins Africa financial industry innovation award". The East African. 2023-11-16. Retrieved 2024-04-22.
  14. ^ "Yellow Card and Munachi Ogueke's story". 2022-04-28. Retrieved 2024-04-22.
  15. ^ "Yellow Card Celebrates Surpassing 1 Million Customers Across 16 African Countries In Just 3 Years - The Vaultz News". 2022-09-12. Retrieved 2024-04-22.
  16. ^ "Block partners with African crypto exchange Yellow Card". Yahoo Finance. 2023-04-12. Retrieved 2024-04-22.
  17. ^ Jackson, Tom (2023-01-11). "Pan-African crypto exchange Yellow Card launches new payment feature". Disrupt Africa. Retrieved 2024-04-22.
  18. ^ Jackson, Tom (2021-09-29). "Nigerian crypto exchange Yellow Card raises $15m Series A funding". Disrupt Africa. Retrieved 2024-04-22.
  19. ^ https://www.vanguardngr.com/2022/01/yellow-card-resumes-naira-deposits-and-withdrawals-in-nigeria/
  20. ^ "Africa's Fastest Growing Crypto Exchange, Yellow Card, Raises $15M Series A Funding". www.prnewswire.com. Retrieved 2024-04-22.
  21. ^ "Yellow Card lands $40M Series B to drive crypto adoption in Africa". Bendada.com, modern tech media in SSA. 2022-09-19. Retrieved 2024-04-22.
  22. ^ Modise, Ephraim (2022-09-19). "Pan-African crypto exchange Yellow Card closes $40 million Series B". TechCabal. Retrieved 2024-04-22.
  23. ^ https://thenationonlineng.net/africas-largest-crypto-firm-secures-57m-funding/
  24. ^ Betz, Brandy (2022-09-19). "African Crypto Exchange Yellow Card Closes $40M Series B". www.coindesk.com. Retrieved 2024-04-22.
  25. ^ read, CryptoGuru··1 min (2022-09-19). "Pan-African Crypto Exchange, YellowCard, Secures $40 Million in Series B Funding Round". BitKE. Retrieved 2024-04-22.{{cite web}}: CS1 maint: numeric names: authors list (link)
  26. ^ Adeyanju, Oluwaseun. "After Raising $40 Million, African Bitcoin Exchange Yellow Card Seeks 'Unicorn Status By End Of 2023'". Forbes. Retrieved 2024-04-22.
  27. ^ "Coinbase partners with African stablecoin exchange Yellow Card". The Block. Retrieved 2024-04-22.
  28. ^ https://www.coinbase.com/blog/bringing-the-future-of-money-to-africa-with-yellow-card
  29. ^ "Coinbase Expands Crypto Offerings In Africa Through Partnership With Yellow Card". blockchainreporter.net. 2024-01-11. Retrieved 2024-04-22.

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