Nigerian Crypto Exchange, Yellow Card Raises $1.5m Seed Funding

September 2, 2020
37 Views


Nigerian cryptocurrency exchange Yellow Card has secured a US$1.5 million seed funding round to help it expand to more new markets.

Founded by Chris Maurice, Justin Poiroux and Munachi Ogueke, Yellow Card offers users multiple payment options, low fees and competitive rates, and has already seen strong uptake in Nigeria, where it has over 35,000 merchants and has processed more than US$35 million in transactions.


The startup has already expanded to South Africa and Botswana, adding over 30,000 new vendors, and has now announced a US$1.5 million seed round from investors including Polychain, Andreessen Horowitz and the Celo Ecosystem Fund.

Yellow Card will use the funding to further expand its operations and it bids to become the dominant exchange across the continent, and is launching its services in Kenya and Cameroon.


Loading…

You may be interested

News
1 views

3,000 students benefit from Bayelsa govt. loan scheme — Executive Secretary

admin - January 27, 2021

<!-- 3,000 students benefit from Bayelsa govt. loan scheme — Executive Secretary – ElombahNews HomeEconomy3,000 students benefit from Bayelsa govt.…

DSS, NPF Jointly Investigating Murder Of Police Corporal In Osun
News
1 views
News
1 views

DSS, NPF Jointly Investigating Murder Of Police Corporal In Osun

admin - January 27, 2021

<!-- DSS, NPF Jointly Investigating Murder Of Police Corporal In Osun – ElombahNews HomeNewsDSS, NPF Jointly Investigating Murder Of Police…

Armed Herdsmen killed 70 in Ogun community in the last 16 years, says Oba Akinyemi
News
2 views
News
2 views

Armed Herdsmen killed 70 in Ogun community in the last 16 years, says Oba Akinyemi

admin - January 27, 2021

<!-- Armed Herdsmen killed 70 in Ogun community in the last 16 years, says Oba Akinyemi – ElombahNews HomeNewsArmed Herdsmen…

Leave a Comment

Your email address will not be published.