Yellow Card, a leading global stablecoin
infrastructure provider, today announced the successful closing of a $40
million strategic funding round, with investment from SC Ventures by Standard
Chartered, Sony Innovation Fund, Polychain Capital, Blockchain Capital, and
additional strategic investors. The funding will scale Global USD Accounts,
Yellow Card's end-to-end dollar account for businesses, and expand the
stablecoin rails connecting it to markets worldwide. This brings Yellow Card's
total financing to over $120 million.
“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, CEO of SC Ventures.
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, 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. 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, CEO and Co-Founder of Yellow Card.
The financing will help deliver Global USD
Accounts to more businesses, giving them a single account to hold U.S. 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 $10 billion in
transactions across its network. The company supports more than 50 currencies,
and holds relevant licenses, authorizations 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.
