BITCOIN

Jack Dorsey Yellow Card is the largest bitcoin venture capital round in Africa

The yellow card, a Pan-African Bitcoin exchange, announced yesterday that it had raised 15 15 million in a series of funding rounds led by Vallar Ventures, Third Prime and Castle Island Ventures. Forbes. Jack Dorsey’s Square, Coinbase Ventures and Blockchain.com Ventures also took part in the round, helping to finance the exchange’s operations in 12 countries on the African continent. Third Prime got a seat on the company’s board.

“Many African countries accept mobile phones without distributing landlines on a scale, and many African countries accept mobile payments without distributing credit and debit cards on a scale,” said James Fitzgerald, a founding partner at Vallar Ventures. “We see a similar opportunity for crypto; it could enable Africans to leapfrog a whole generation of financial services technology.”





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