Yellow Card Financial
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Yellow Card Financial, is a fintech start-up based in Africa. Yellow Card Financial provides access to cryptocurrencies like Bitcoin, Ethereum and USDT Stablecoin to people in Africa.[1]
History[edit]
The company was founded by Chris Maurice [2] and Justin Poiroux in 2016 with the intent to create a Bitcoin gift card.[3]
Then, in 2018, Chris Maurice[4] and Justin Poiroux met a man at a Wells Fargo who was trying to send $200 dollars to his family in Nigeria. The bank charged him a fee of $90. They then decided to undertake the mission of bringing Bitcoin to Africa with the objective of ‘’financial inclusion for all.’’[5]
The company launched in Nigeria in 2018 and since then with the help of their partner Munachi Ogueke they have expanded throughout Africa with thousands of merchants and coverage in 16 countries across the African continent.[6]
The company has headquarters in Lagos, Nigeria[7] and Johannesburg, South Africa.
In 2021, Yellow Card Financial announced a $15M Series A, the largest ever by an African cryptocurrency exchange.[8]
In May 2022, Yellow Card Financial reached 1 000 000 users.[9]
In September 2022, Yellow Card Financial closed a $40M Series B funding round that was led by Polychain Capital.[10]
In April 2023, Block announced a partnership with Yellow Card to facilitate cross-border payments between 16 countries in Africa.[11]
Services[edit]
The company provides a cryptocurrency exchange on the African continent.[12]
Coverage[edit]
Yellow Card Financial currently has a presence in 16 African countries.[13]
References[edit]
- ↑ Tredger, Christopher (2022-05-25). "Regulation still blocks Africa's path to mainstream crypto adoption". ITWeb Africa. Retrieved 2023-10-03.
- ↑ Yellow Card open to Crypto Regulation, 2023-07-14, retrieved 2023-12-14
- ↑ Benson, Emmanuel Abara (2021-10-13). "Exclusive interview with Chris Maurice, founder and CEO of leading crypto exchange Yellow Card". Business Insider Africa. Retrieved 2023-10-03.
- ↑ Sigalos, MacKenzie (2023-03-25). "The crypto exchange this 26-year-old launched in 2019 has done $1.75 billion in transactions". CNBC. Retrieved 2023-10-03.
- ↑ "African countries lost $5.9 billion to crypto scams – Report". 2023-04-03. Retrieved 2023-12-14.
- ↑ "Yellow Card and Munachi Ogueke's story". 2022-04-28. Retrieved 2023-10-03.
- ↑ "Crypto Exchange Yellow Card in Talks to Expand Services in Nigeria". Bloomberg.com. 2023-04-20. Retrieved 2023-10-03.
- ↑ Jackson, Tom (2021-09-29). "Nigerian crypto exchange Yellow Card raises $15m Series A funding". Disrupt Africa. Retrieved 2023-10-03.
- ↑ "Yellow Card Surpasses 1 Million Customers Across 16 African Countries – PC Tech Magazine". 12 September 2022. Retrieved 2023-10-03.
- ↑ "Yellow Card lands $40M Series B to drive crypto adoption in Africa". Bendada.com, modern tech media in SSA. 2022-09-19. Retrieved 2023-10-03.
- ↑ "Block partners with African crypto exchange Yellow Card". Yahoo Finance. 2023-04-12. Retrieved 2023-10-03.
- ↑ Malambo, Jessy Namwanja (2022-06-08). A critical review of digital innovations challenges on customer satisfaction among financial institutions in Zambia: a case study of Stanbic bank Zambia, Lusaka (Thesis thesis). The University of Zambia.
- ↑ Kuuire, Joseph-Albert (2022-09-12). "Yellow Card Reaches 1 Million Customer Milestone Across 16 African Countries". Tech Labari. Retrieved 2023-10-03.
External link[edit]
- Official website (http://www.yellowcard.io)
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