Cryptocurrency startup Yellow Card bags $1.5m investment

Cryptocurrency startup Yellow Card has picked up $1.5m from investors such as Polychain, Andreessen Horowitz, and Celo.

The news comes on the back of the venture having expanded its services from Nigeria to South Africa and Botswana.

Yellow Card will use the money to expand even further, aiming to become the dominant cryptocurrency exchange in Africa.

First on the list is to launch its business in Kenya and Cameroon on September 1.

Additionally, Yellow Card is proud to announce that Jason Marshall, former senior director ofpayment services at Walmart, has joined the team as its Chief Operating Officer.

​Yellow Card was founded by Chris Maurice and Justin Poiroux in 2016, originally aiming to create a bitcoin gift card.

They pivoted to creating a cryptocurrency exchange in 2018 after having met man trying to send $200 to his family in Nigeria, only for the bank to have charged him $90.

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