On October 18th, Pan-African financial technology company Yellow Card completed a $33 million Series C financing round, led by Blockchain Capital. Yellow Card is a pan-African fintech company that provides stablecoin-based financial infrastructure. As the continent's largest and first licensed stablecoin inbound/outbound platform, the company offers businesses of all sizes a safe and cost-effective way to buy and sell USDT, USDC, PYUSD and more in local currencies - either directly or through it...
Pan-African cryptocurrency exchange Mara lost around 16 million of the $23 million it raised from investors. After the exchange collapsed, founder and CEO ChinyereNnadi is said to have started a new entity called Jara. Nnadi believes the exchange drained the money raised by paying high salaries to attract talent.