The African crypto-payment startup Yellow Card announced its intention to actively seek regulatory approval in Nigeria following the completion of a $33 million investment round.

Yellow Card's pursuit of regulatory recognition

West Africa Regional Manager Uzoma James stated that the company will actively seek regulatory approval as Nigeria eases its crypto restrictions, aiming to enhance its local ecosystem participation and boost its credibility.

New investments strengthen Yellow Card's position

Last week, Yellow Card announced the closing of a significant Series C round led by Blockchain Capital. The funds will enhance services and expand market reach, solidifying its position in the African crypto space.

Company's future plans and ambitions

The funds will allow Yellow Card to invest in technological infrastructure and explore new products. The company plans to extend its presence across more African countries, providing seamless cross-border payment solutions.

Yellow Card is actively strengthening its position in the African crypto industry. Recent investments and regulatory pursuits could positively impact its future prospects and growth on the continent.