WasabiCard

About WasabiCard

WasabiCard is a financial technology company headquartered in Singapore that provides a stablecoin-powered payment infrastructure for global businesses. Founded in 2024, the company aims to bridge the gap between digital assets and traditional finance by enabling businesses to use stablecoins for various payment applications. The platform was co-founded by Ray Yang. Yang has stated that for stablecoins to become a viable infrastructure for corporate payments, achieving regulatory compliance and building out the necessary financial infrastructure are more crucial than the underlying technology. WasabiCard has a strong focus on compliance, having obtained regulatory and industry certifications such as Canada MSB, U.S. MSB, U.S. MTL, and PCI DSS Level 1. The company's business model is centered on B2B clients, generating revenue from transaction fees related to card usage, global payouts, and payment processing services. The platform serves a diverse client base, including over 500 enterprise clients and more than 100,000 users across various sectors like digital advertising, global payroll, mass payouts, and AI/SaaS subscriptions. The company's core offering is a full-stack financial solution that integrates card issuing, global remittance, and crypto payment acceptance. It provides both virtual and physical cards that support crypto-to-fiat spending, online shopping, and global ATM access. The platform features API connectivity, allowing businesses to embed financial services into their own systems. In June 2026, WasabiCard announced it had raised a total of nearly $10 million in a Pre-A funding round led by Vernal Capital, Avenir Group, Vision Plus Capital, and 01VC. The company plans to use the funds to strengthen its global payment infrastructure, expand its card and payout capabilities, and accelerate international growth, with a focus on North American and European markets.