Yellow Card Raises $40M to Scale Stablecoin Infrastructure and Expand Global USD Accounts

Yellow Card, a US-based stablecoin infrastructure company focused on Africa and other emerging markets, has raised $40 million in strategic funding from SC Ventures, Sony Innovation Fund, Polychain Capital, Blockchain Capital, and other strategic investors.

The latest investment brings the company’s total equity financing to more than $120 million. Yellow Card plans to use the new capital to scale its Global USD Accounts, expand its stablecoin payment infrastructure, and deepen its presence across Latin America and Asia-Pacific.

Scaling Global USD Accounts

Yellow Card’s Global USD Accounts provide businesses with a single platform for managing US dollars, holding and swapping stablecoins, managing treasury operations, and collecting or disbursing local currencies through domestic payment networks.

The company currently supports local payment rails across more than 50 countries, enabling businesses operating across multiple markets to manage cross-border financial operations through a unified infrastructure.

Yellow Card said the new funding will enable it to bring Global USD Accounts to more businesses while expanding local payment rails and currency coverage globally. Customers using its infrastructure include Visa and Western Union.

Connecting Banks to Stablecoin Infrastructure

Yellow Card is increasingly positioning itself as an infrastructure provider connecting traditional financial institutions and global businesses with stablecoin-based payment networks.

Chris Maurice, CEO and Co-Founder of Yellow Card, said the investment reflects confidence in the infrastructure the company has developed to help businesses move money without relying entirely on traditional correspondent banking networks.

Maurice added that connecting banks directly to stablecoin infrastructure represents a significant opportunity, potentially improving access to US dollars for businesses underserved by traditional cross-border banking systems.

From Africa to Global Markets

Founded by Chris Maurice and Justin Poiroux, Yellow Card was created to make cross-border money movement more affordable and efficient, particularly in emerging markets.

The company has grown into one of Africa’s largest stablecoin on- and off-ramp infrastructure providers and now employs more than 200 people across 20 countries.

Yellow Card holds licences, authorisations, or registrations across 22 jurisdictions in North America, Europe, and Africa. It has facilitated more than $10 billion in transactions, supports over 50 currencies, and has partnerships spanning Visa, Mastercard, PayPal, and Coinbase.

Expanding Beyond Africa

Although Yellow Card built its business around African and emerging markets, the company is now accelerating its international expansion, particularly across Latin America and Asia-Pacific.

The new capital will support the development of additional domestic payment connections and currency coverage, strengthening the infrastructure that links its Global USD Accounts with markets worldwide.

Alex Manson, CEO of SC Ventures, said stablecoin adoption will increasingly depend on reliable infrastructure and practical applications, highlighting Yellow Card’s role in enabling businesses across Africa to move value efficiently between markets.

Building Global Stablecoin Payment Rails

Yellow Card has gradually shifted its business model from primarily providing retail cryptocurrency access toward serving businesses and financial institutions.

The transition became increasingly visible around its $33 million Series C round in 2024, as the company focused on larger and more consistent transaction volumes generated by corporate customers.

With more than $120 million in total equity financing, Yellow Card aims to become an infrastructure layer connecting banks and businesses to stablecoin payment rails, supporting faster cross-border transactions and expanding access to dollar-based financial services across emerging and global markets.