Yellow Card raises $40M to expand stablecoin rails beyond Africa
What's the deal? Yellow Card, a global stablecoin infrastructure provider, has closed a $40 million growth equity round. SC VenturesDealroom has a profile for this one. Try Dealroom →, Sony Innovation FundDealroom has a profile for this one. Try Dealroom →, Polychain Capital, and Blockchain Capital all took part, bringing the company's total financing to over $120 million.
What's the endgame? The funding will scale Global USD Accounts — Yellow Card's dollar account for businesses to hold and swap stablecoins, manage treasury, and move local currencies on domestic rails in over 50 countries. The money also deepens the company's presence in Latin America and Asia-Pacific.
Who's backing it? SC Ventures is the corporate venture arm of Standard CharteredDealroom has a profile for this one. Try Dealroom →, and Sony Innovation Fund reflects growing institutional interest in stablecoin payments. "When institutions plug into this infrastructure, they're not just modernizing payments, they're unlocking dollar access for millions of businesses that traditional correspondent banking has left behind," said chief executive officer and co-founder Chris Maurice.
By the numbers: Yellow Card has facilitated over $10 billion in transactions, supports more than 50 currencies, and holds licenses across 22 jurisdictions in North America, Europe, and Africa. Its Global USD Accounts are already used by customers including VisaDealroom has a profile for this one. Try Dealroom → and Western UnionDealroom has a profile for this one. Try Dealroom →.
Why now? "Stablecoins are here to stay, but their adoption will depend on robust infrastructure and clear real-world utility," said Alex Manson, chief executive officer of SC Ventures. Partnerships with Visa, MastercardDealroom has a profile for this one. Try Dealroom →, PayPal, and Coinbase have positioned Yellow Card as an infrastructure layer for global payments players.
The signal: Backing from a Standard Chartered venture unit and Sony's fund signals that established finance and tech players see stablecoins as a practical tool for cross-border payments — especially in emerging markets where correspondent banking falls short.
Read more: yellowcard.io
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