Yellow Card has raised $40 million in strategic funding to expand its stablecoin payment infrastructure and strengthen its operations across global markets.
Blockchain Capital led the round. SC Ventures, Sony Innovation Fund, Polychain Capital and other strategic investors joined the raise. The new capital pushes Yellow Card’s total equity funding past $120 million.
Yellow Card announced the funding earlier in August. Its executives shared more details during a media briefing in Lagos on Wednesday.The company plans to expand its Global USD Accounts and strengthen its stablecoin payment rails. It will also deepen its presence in Latin America and the Asia-Pacific region.
Lasbery Oludimu, Yellow Card Nigeria managing director and group vice president of operations, said the company’s ambitions go beyond geographic expansion.“Our growth is not simply about entering more countries,” Oludimu said. “We are building the infrastructure, regulatory footprint, and partnerships required to connect businesses across markets reliably and compliantly.”
She said Africa will remain central to Yellow Card’s global strategy.
Yellow Card operates across more than 50 markets, providing stablecoin payment and treasury services to banks, fintechs and other businesses. Its Global USD Accounts allow corporate customers to hold dollars and settle cross-border transactions.
Yellow Card said it will use part of the funding to expand its dollar-based payment infrastructure. The company said demand has increased among businesses seeking faster cross-border settlement and access to dollar liquidity.Foreign exchange shortages and currency volatility have pushed some African businesses toward dollar-linked stablecoins such as USDT and USDC. Companies use these assets to settle international transactions and hedge against local currency swings.
Oludimu said stablecoins now serve a purpose that goes beyond crypto trading. “Stablecoins are increasingly moving beyond being viewed simply as a crypto product,” she said. “They are becoming practical infrastructure for businesses that need more efficient ways to move money, manage treasury and participate in global commerce.”
Yellow Card has also expanded its regulatory footprint. Its South African unit holds a Crypto Asset Service Provider licence from the country’s Financial Sector Conduct Authority. The company also secured regulatory approval in Switzerland to offer virtual asset and related financial services.
Yellow Card says it now holds licences, registrations or authorisations across 22 jurisdictions.Yellow Card has partnerships with Visa, Mastercard, Western Union, MoneyGram and Thunes. The partnerships form part of its expansion into markets outside Africa.
Also Read: CIBN Urges Banks to Strengthen Risk Management for SME Lending
Chris Maurice and Justin Poiroux founded Yellow Card in 2016 as a cryptocurrency exchange. The company launched its Nigerian operations in 2019.Yellow Card later moved away from its retail-focused model and shifted toward institutional customers. Banks, fintechs and businesses now use its infrastructure for cross-border payments, treasury management and stablecoin settlement.
Yellow Card says it has processed more than $10 billion in transactions across its network.The company plans to add payment corridors, strengthen compliance systems and expand institutional partnerships with its latest funding.
For African businesses, the expansion could open more options for moving dollars across borders and cut reliance on slower traditional settlement channels. Regulatory compliance will still shape how far that expansion can go, as governments tighten scrutiny of stablecoin and digital asset transactions.
Yellow Card says it will keep expanding its regulatory footprint while connecting more businesses to global payment infrastructure. The company has not disclosed a valuation for the current round or named the specific markets it will prioritise next.
