Yellow Card Secures $40M to Expand Bank‑Stablecoin Infrastructure
TL;DR
- Yellow Card raised $40 million in a strategic funding round, bringing its total accumulated capital to over $120 million.
- The round included SC Ventures, Sony Innovation Fund, Polychain Capital and Blockchain Capital, at a valuation higher than the one recorded in 2022.
- The company will expand its Global USD Accounts product and add payment rails in Latin America and the Asia-Pacific region.
Yellow Card announced a $40 million strategic funding round to expand its stablecoin payment infrastructure, focusing on connecting commercial banks to blockchain networks and displacing legacy systems such as Swift.
The operation brings the company’s total accumulated capital to over $120 million since its founding in 2016, with a valuation exceeding the $200 million recorded in 2022, though still short of $1 billion, according to a source close to the transaction.
Our CEO, Chris Maurice, joined @Bloomberg 's "The Close" to talk about our $40M raise, bringing total funding to $120M+. We build the infrastructure: direct liquidity across Africa, LatAm & Asia, no dollar detour.
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