Yellow Card wins Disruptor of the Year award at the 2023 Africa Financial Industry Summit

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Yellow Card wins Disruptor of the Year award at the 2023 Africa Financial Industry Summit

Yellow Card, Africa’s leading licensed Stablecoin on/off ramp, has been awarded the prestigious “AFIS Disrupter of the Year Award” at the 2023 Africa Financial Industry Summit. The award ceremony, held in Lome, Togo, recognises Yellow Card’s outstanding contributions to innovation and resilience in the African financial sector.

The Disrupter of the Year Award acknowledges companies that have demonstrated resilience in challenging times and whose innovation represents a market disruption. Yellow Card emerged victorious in a field of strong contenders, including Moniepoint, Sparkle, Ejara, and Bamboo. The award was received by Chris Maurice, co-founder, and CEO of Yellow Card, who expressed his deepest gratitude for the recognition. 

Speaking upon receiving the award, Maurice said:

“This award is further validation that our team is solving important, practical problems across the continent for businesses. We have come a long way for a Stablecoin company to win a traditional finance award voted by judges who are all bankers.”

In addition to receiving the award, Chris was a featured speaker at the event that brought together over 1,000 financial industry leaders, regulators, bankers, and fintech entrepreneurs. 

Yellow Card wins Disruptor of the Year award at the 2023 Africa Financial Industry Summit

The CEO participated in an insightful interview with Mamadou Toure, Founder and CEO of Ubuntu Group, discussing the future of cryptocurrency in Africa. The interview delved into Yellow Card’s mission to challenge traditional finance by offering faster and more affordable international remittances and serving as a hub for trading Stablecoins, Bitcoin and other cryptocurrencies.

More about Yellow Card

Yellow Card, founded in 2016 by Chris Maurice and Justin Poiroux, has expanded its operations to 20 countries since its 2019 launch in Nigeria. With over 1.7 million registered customers and more than 200 employees working across 18 different countries, the company remains at the forefront of revolutionising the African financial landscape, providing secure, liquid, and cost-effective access to Stablecoins and cryptocurrencies.

The company is on a mission to foster financial inclusion in Africa through crypto adoption and its activities on the continent have focused on that mission. In a chat with Technext, the CEO further explained the mission, noting that no matter the currency, the company wants Africans to have access to financial services, wherever they are on the continent. He expressed his strong belief that crypto has so much potential to change the world and how people do business with the money around the world.

The currencies are facing serious inflation. And, in some countries, banking is really archaic. South Africa doesn’t even have electricity right now. You’re dealing with all these inherent infrastructural issues on the continent and then you combine that with factors like lack of funding, you’re gonna get fed up

Chris Maurice

Yellow Card has also been at the forefront of driving crypto adoption in Africa. It does this by offering grants to persons and groups in either cash or crypto. Last October, the company launched a partnership with Web3 Ladies mentorship programme. As part of the partnership, the company awarded N3 million to the program to help equip 500 Nigerian women with essential tech and blockchain skills.

Yellow Card wins Disruptor of the Year award at the 2023 Africa Financial Industry Summit

The mentorship program constitutes a comprehensive three-month boot camp tailored to nurture the talents of designers, engineers, and managers for the blockchain industry while providing the tools and tech resources necessary for their success post-training. You can read more on that below:

Yellow Card grants Web3Ladies $3,000 to equip more Nigerian women with blockchain skills

Much earlier in 2023, the company held its “A Whole in your Wallet” global campaign. The campaign, which ran from February to April 2023, aimed to give Yellow Card users a soft landing following a rollercoaster in 2022 and a prolonged bear market in 2023. The lucky winner, Julian Oti, a young Nigerian, has been rewarded with 1 Bitcoin, valued at over $30,000 at the time.


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