Crypto Exchange Yellow Card Closes $40 Million Series B Funding Round Led by Polychain Capital

Yellow Card Financial, a pan-African crypto exchange, has closed a $40 million Series B round led by Polychain Capital with participation from Valar Ventures, Third Prime Ventures, Fabric Ventures, and others. The funding will enable the company to drive exponential business growth, continue its successful expansion across the continent, develop new product innovations, and advance strategic partnerships across Africa. Previously, Yellow Card closed a $15 million Series A round of funding in August 2021 and launched Yellow Pay, a cross-border payment feature.