Pan-African cryptocurrency exchange Yellow Card Financial has closed a $40 million Series B funding round that was led by crypto-focused venture capital firm Polychain Capital.
The funds will go toward expanding across the continent, developing new products and forming new partnerships, according to the press release.
"Yellow Card is the best executing team on the continent. We are impressed by the way they seamlessly adjust and adapt to the unique opportunities and demands of the various African markets. We've barely touched the surface of what is possible when it comes to crypto in Africa, and we're excited for what's to come," Polychain Capital partner Will Wolf said in the statement.
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