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Pan-African digital currency trading platform Yellow Card has announced the completion of its USD 40 Mn Series B investment round, headed by Polychain Capital. Other investors that took part in the round include Valar Ventures, Third Prime, Sozo Ventures, Castle Island Ventures, Fabric Ventures, DG Daiwa Ventures, and The Raba Partnership.
Yellow Card makes it easy for anyone, anywhere in Africa, to buy cryptocurrencies like Bitcoin, Ethereum, and USDT Stablecoin using cash, mobile money, card, or bank transfer. The startup plans to utilize the capital to continue its expansion throughout the continent, create new products, establish key alliances across Africa, and drive business development.