Yellow Card, the Africa-born stablecoin infrastructure provider, has closed a $40 million strategic funding round. The company plans to use the capital to scale its Global USD Accounts product and deepen its footprint in new international markets.
The round drew backing from SC Ventures, the innovation arm of Standard Chartered.
Other investors included the Sony Innovation Fund, Polychain Capital, Blockchain Capital, and several additional strategic backers. As a result, Yellow Card’s total equity financing now exceeds $120 million. This cements its position as one of the best-funded stablecoin infrastructure companies operating out of Africa.
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Company executives told journalists that most of the funding is earmarked for scaling Global USD Accounts. This is an end-to-end dollar account solution built for corporate clients. In addition, the company plans to expand the stablecoin payment rails that connect those accounts to markets around the world. The product gives businesses a single account. Through it, they can hold US dollars, hold and swap stablecoins, manage treasury operations, and collect or disburse local currencies on domestic payment rails in more than 50 countries.
According to Yellow Card, the new investment will support a deliberate push into the Asia-Pacific and Latin American regions. This builds on infrastructure, partnerships, and regulatory approvals already in place across its existing markets. Company leadership described the expansion as a calculated strategy rather than a rush to add new countries. For them, reliable and compliant connections between markets matter more than geographic spread for its own sake.
Yellow Card was founded in Nigeria in 2019 as a consumer-facing crypto exchange. Since then, it has undergone a significant transformation. What began as a Pan-African platform for everyday crypto users has grown into a global stablecoin infrastructure provider.
Today, it serves banks, fintechs, and multinational corporations across more than 50 markets. The company now supports over 50 currencies. It also holds licenses, authorizations, or regulatory registrations in 22 jurisdictions spanning North America, Europe, and Africa. Executives described the shift from a consumer-first business to an enterprise-focused one as a deliberate operational decision. It was not, they said, a reaction to market pressure.
Global USD Accounts are already being used by major corporate clients. These include Visa, Western Union, Mastercard, Thunes, MoneyGram, and PayPal. As a result, Yellow Card has a strong base of institutional trust as it courts new markets. So far, the company has facilitated more than $10 billion in transactions across its network. It has also built strategic partnerships with Coinbase.
Investors backing the round pointed to growing institutional appetite for stablecoin infrastructure as a driver of the deal.
SC Ventures leadership noted that stablecoin adoption depends on solid infrastructure and clear real-world use cases. Because of this, they expressed confidence in Yellow Card’s ability to scale further across Africa and beyond. Meanwhile, the participation of Sony Innovation Fund is expected to support Yellow Card’s push into the Asia-Pacific region specifically.
Yellow Card’s co-founder and chief executive framed the raise as validation of years spent building infrastructure. This infrastructure, he said, allows global businesses to move money without relying on traditional correspondent banking. He also pointed to a bigger opportunity ahead: connecting banks directly to stablecoin rails. When financial institutions plug into this kind of infrastructure, he argued, they are not simply modernizing payments. Instead, they are opening up dollar access for millions of businesses that conventional banking channels have historically left behind.
The raise comes at a moment of rising global interest in stablecoin infrastructure. This is especially true as a tool for cross-border payments. In emerging markets, access to hard currency and efficient settlement rails remains a persistent challenge for businesses. So, infrastructure like this is increasingly in demand.
