Yellow Card secures $40m to boost global stablecoin expansion
Yellow Card, a pan-African stablecoin infrastructure and payments provider, is accelerating its global reach after securing a $40m Series C funding round. Lasbery Oludimu, Group Vice President of Operations and Managing Director of Yellow Card Nigeria, highlighted the company’s focus on building infrastructure, partnerships, and regulatory foundations for global operations. The new funding will support the rollout of Global USD Accounts and strengthen stablecoin payment rails worldwide. Yellow Card continues to expand its presence in regions like Latin America and Asia-Pacific, while deepening relationships with major financial institutions.
TLDR
- Yellow Card raised $40m in a Series C round led by Blockchain Capital, with participation from SC Ventures, Sony Innovation Fund, Polychain Capital, and others.
- The company is expanding its regulatory footprint, securing licenses in South Africa and regulatory affiliation in Switzerland.
- Partnerships with Visa, Mastercard, Western Union, Thunes, and MoneyGram have been strengthened.
- Yellow Card now operates in over 50 markets, offering stablecoin payments, fiat settlement rails, and corporate wallet services.
- Founded by Chris Maurice and Justin Poiroux, the company has raised over $120m in equity financing since inception.
