Convergence Partners leads Yellow’s Series C Funding Round

Cape Town, 14 August 2026 – Convergence Partners a leading tech investor in sub-
Saharan Africa, has led the Series C funding round in existing portfolio company Yellow, a
fintech providing asset-backed credit for smartphones and oB-grid solar solutions. Yellow
currently employs 200+ staB across its key operational markets in Malawi, Zambia,
Uganda, Rwanda, Madagascar, DRC and Nigeria.

The investment builds on Convergence Partners’ existing partnership with Yellow and
reflects its continued conviction in the company’s growth strategy and its role in expanding
access to essential products and services across African markets.

Since Convergence Partners’ initial investment, Yellow has continued to scale its platform
and geographic footprint, providing more than one million customers with access to
finance for smartphones and oB-grid solar solutions through bespoke AI-enabled credit
scoring methodologies.

Brandon Doyle, CEO of Convergence Partners said, “Yellow has demonstrated significant
progress since our initial investment. Our decision to lead this funding round reflects our
continued belief in the business, its management team and the opportunity ahead.”

“Yellow is delighted to deepen our partnership with Convergence - the capital allows us to
broaden our impact on the continent. Having recently served customer number 1 million,
their investment puts us on track to achieve our target of serving 10m customers with
access to electricity and internet by 2030” , said Mike Heynik, CEO of Yellow.

This investment reflects Convergence Partners’ strategy of backing technology-enabled
businesses that are scaling solutions to critical access challenges across Africa.