Yellow Card raises USD $40 million for stablecoin push

Yellow Card has raised USD $40 million in strategic funding, bringing its total equity financing to more than USD $120 million.

Investors in the round include SC Ventures by Standard Chartered, Sony Innovation Fund, Polychain Capital, Blockchain Capital and other strategic backers. The company plans to use the funds to expand its Global USD Accounts product and broaden the stablecoin payment rails connected to markets worldwide.

Yellow Card provides cross-border payments and treasury services for businesses, with a focus on stablecoins and access to U.S. dollars. The latest funding will support wider availability of Global USD Accounts, which let businesses hold U.S. dollars, hold and swap stablecoins, manage treasury functions, and collect or distribute local currencies on domestic payment networks in more than 50 countries.

The accounts are built on infrastructure Yellow Card has operated for several years. The new capital will also deepen its presence in Latin America and Asia-Pacific while extending local payment rails and currency coverage.

Investor backing

The round reflects continued institutional interest in stablecoins as a payments tool, particularly in regions where access to dollar liquidity and cross-border settlement remains uneven. Yellow Card has positioned itself as a provider of the systems that connect traditional financial institutions and businesses to stablecoin-based transactions.

Alex Manson, Chief Executive Officer of SC Ventures, linked the investment to the practical use of stablecoins in African markets.

"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 look forward to supporting its next phase of growth," said Alex Manson, Chief Executive Officer of SC Ventures.

Sony Innovation Fund said its investment reflects broader interest in stablecoin payments globally and will help Yellow Card extend its reach in Asia-Pacific. Austin Noronha outlined Sony's view of the company's role in the market.

"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. 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," said Austin Noronha, Managing Director of Sony Ventures-US.

Expansion plans

Yellow Card has its roots in Africa, where stablecoins have gained traction as a way for businesses and consumers to access dollar-linked value and settle payments across borders. It is now expanding further into other emerging markets, including Latin America, Europe, the Middle East and Asia-Pacific.

Its Global USD Accounts product sits at the centre of that push. The service gives businesses a single account structure that combines dollar holdings, stablecoin conversion, treasury management, and local currency payment collection and disbursement. The model is aimed at companies that need to move funds across multiple jurisdictions without relying solely on correspondent banking networks.

Chris Maurice, Chief Executive Officer and Co-Founder of Yellow Card, said the company sees banks as an increasingly important part of the opportunity.

"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. 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. Money should move at the speed and convenience of the internet, and increasingly, banks want to move with it,," said Chris Maurice, Chief Executive Officer and Co-Founder of Yellow Card.

Scale and reach

Yellow Card said it has facilitated more than USD $10 billion in transactions across its network. It supports more than 50 currencies and holds licences, authorisations and registrations in 22 jurisdictions across North America, Europe and Africa.

It also cited commercial relationships with Visa, Mastercard, PayPal and Coinbase, alongside customers including Visa and Western Union. Those ties suggest Yellow Card is seeking to embed its services within established payment and financial networks rather than operate solely as a standalone crypto-focused platform.

The company's proposition comes as banks, fintechs and multinational businesses look for cheaper and faster ways to move money internationally, while regulators and institutions continue to examine how stablecoins can be used within more formal payment frameworks. The latest funding gives Yellow Card additional backing as it seeks to widen that network across emerging markets and extend access to dollar-based transaction tools in places where conventional banking links have often been limited.