Yellow Raises Series C

Yellow, a fintech startup operating across sub-Saharan Africa, has successfully closed a Series C funding round led by Convergence Partners. The company specializes in providing asset-backed credit for smartphones and off-grid solar products, leveraging AI-enabled credit scoring to expand access to essential digital and energy services.

Investors

Convergence Partners, an investment firm focused on technology-enabled businesses in Africa, led the round.

Yellow Use of Funds

Yellow plans to use the new capital to broaden its impact across the continent, focusing on expanding its customer base and increasing access to digital connectivity and electricity in key markets such as Malawi, Zambia, Uganda, Rwanda, Madagascar, the Democratic Republic of Congo, and Nigeria.

About Yellow

Founded in 2018, Yellow is a fintech and consumer-finance company that provides financing solutions for essential products. The company utilizes proprietary AI-enabled credit scoring to assess customer creditworthiness, enabling over one million users to access smartphones and off-grid solar solutions.

Funding Details

Company Website: https://yellow.africa

Company: Yellow
Round: Series C
Funding Date: August 19, 2026
Lead Investor: Convergence Partners
Software Category: Fintech
Source: https://www.africaglobalfunds.com/news/private-equity/deals/convergence-partners-leads-series-c-in-african-fintech-yellow/