Yellow Card has secured $40m in a strategic funding round led by investors including SC Ventures by Standard Chartered, Sony Innovation Fund, Polychain Capital and Blockchain Capital.
Source: Canva.
The investment will accelerate the expansion of the company's Global USD Accounts and stablecoin payment infrastructure, enabling businesses to move money more efficiently across international markets. The latest raise increases Yellow Card's total funding to more than $120m as it continues its global growth strategy.
“Stablecoins are here to stay, but their adoption will depend on robust infrastructure and clear real-world utility. Yellow Card is building those rails for businesses across Africa, enabling them to access and move value efficiently across markets.
"We believe YC is well positioned to scale across Africa and beyond and we look forward to supporting its next phase of growth,” said Alex Manson, chief executive officer of SC Ventures.
Scaling emerging markets
The investment from Sony Innovation Fund reflects growing institutional interest in stablecoins for payments globally and will allow Yellow Card to deepen its reach in Asia-Pacific.
“Sony Innovation Fund is actively investing across the web3 technology stack, and we are excited to back Yellow Card as it builds the stablecoin infrastructure layer that emerging markets need to move money faster, more reliably, and at global scale,” said Austin Noronha, managing director of Sony Ventures-US.
“By combining robust APIs, deep local fiat rails, institutional-grade security, and a strong regulatory-first approach, Yellow Card is making stablecoin-powered payments practical for banks, fintechs, and enterprises. As the company rapidly expands beyond Africa into broader emerging markets across Latam, Emea, and Apac, we look forward to supporting its vision of becoming a trusted bridge between traditional finance and the next generation of digital money.
“This investment is a vote of confidence in what we've spent years building: the infrastructure that lets global businesses move money without a traditional correspondent banking. But the bigger opportunity now is connecting banks themselves to stablecoin rails," said Chris Maurice, chief executive officer and co-founder of Yellow Card.
"When institutions plug into this infrastructure, they're not just modernising payments, they're unlocking dollar access for millions of businesses that traditional correspondent banking has left behind. Money should move at the speed and convenience of the internet, and increasingly, banks want to move with it."
Strengthening payment rails
The financing will help deliver Global USD Accounts to more businesses, giving them a single account to hold US dollars, hold and swap stablecoins, manage treasury, and collect and disburse local currencies on domestic rails in over 50 countries.
The accounts run on infrastructure Yellow Card has operated for years, and the new funding deepens the company's presence in Latin America and Asia Pacific, and expands the local payment rails and currency coverage needed to scale globally. Global USD Accounts are already used and trusted by many of Yellow Card's customers, including Visa and Western Union.
Yellow Card has facilitated over $10bn in transactions across its network. The company supports more than 50 currencies, and holds relevant licenses, authorisations and registrations in 22 jurisdictions across North America, Europe, and Africa. Strategic partnerships with Visa, Mastercard, PayPal, and Coinbase have positioned the company as an infrastructure layer for global payments players.
