Yellow Card has raised USD 40 million in strategic funding from SC Ventures, Sony Innovation Fund, Polychain Capital, and Blockchain Capital.
The round brings the company's total financing to over USD 120 million since its founding.
The new capital will be used to scale Global USD Accounts, Yellow Card's dollar account product for businesses, and to expand the stablecoin rails connecting it to markets worldwide. According to the company, the financing will also deepen its presence in Latin America and Asia-Pacific, regions it is expanding into beyond its established base in Africa, and extend the local payment rails and currency coverage required to operate at a larger scale.
Global USD Accounts allow businesses to hold US dollars, hold and swap stablecoins, manage treasury functions, and collect and disburse local currencies over domestic rails in more than 50 countries. Yellow Card said the accounts run on infrastructure, it has operated for several years, and that they are already used by customers, including Visa and Western Union.
Investor rationale
Alex Manson, CEO of SC Ventures, said stablecoin adoption depends on robust infrastructure and clear real-world utility, and described Yellow Card as positioned to scale across Africa and beyond.
Sony Innovation Fund's investment was framed by the company as reflecting institutional interest in stablecoins for global payments, with Austin Noronha, Managing Director at Sony Ventures-US, noting that the funding will support Yellow Card's expansion into Latin America, the EMEA region, and Asia-Pacific. Furthermore, Noronha pointed to the company's combination of application programming interfaces, local fiat rails, and a regulatory-first approach as relevant to banks, fintechs, and enterprises considering stablecoin-based payments.
Chris Maurice, CEO and co-founder of Yellow Card, said the investment supports infrastructure that allows businesses to move money without relying on traditional correspondent banking, and pointed to connecting banks directly to stablecoin rails as a further opportunity.
Scale and market position
Yellow Card said it has facilitated over USD 10 billion in transactions across its network to date. The company supports more than 50 currencies and holds licences, authorisations, and registrations in 22 jurisdictions across North America, Europe, and Africa. It has established partnerships with Visa, Mastercard, PayPal, and Coinbase, which it cites as part of its positioning as an infrastructure layer for global payments providers.
The round adds to a series of institutional and strategic investments in stablecoin infrastructure providers, as banks and payment companies continue to evaluate stablecoin rails as an alternative or complement to correspondent banking for cross-border money movement, particularly in emerging markets.
