Industry | Cryptocurrency |
---|---|
Founded | 2018 |
Founder | Chris Maurice, Justin Poiroux |
Headquarters | |
Area served | Africa |
Products | Cryptocurrency 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]
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]