Summary
Stablecoin infrastructure provider Yellow Card closed a $40 million strategic funding round, bringing its total equity financing to over $120 million. The round was led by institutional and venture backers including SC Ventures (Standard Chartered's innovation arm), Sony Innovation Fund, Polychain Capital, and Blockchain Capital. The capital will scale Yellow Card's business-focused product, Global USD Accounts, and expand its stablecoin payment rails globally into LATAM, Europe, the Middle East, and Africa (EMEA), as well as Asia-Pacific (APAC).
Key Facts
- $40 million strategic round; total equity financing over $120 million
- Led by SC Ventures (Standard Chartered's innovation arm), Sony Innovation Fund, Polychain Capital, Blockchain Capital
- Funds scaling of Global USD Accounts product and stablecoin payment rails
- Expansion into LATAM, Europe, Middle East, Africa (EMEA), and Asia-Pacific (APAC)
- Rooted in Africa
- Facilitated over $10 billion total transaction volume
- Supports more than 50 local and digital currencies
- Local fiat payment rails in over 50 countries
- Licenses and registrations in 22 jurisdictions across North America, Europe, Africa
- Enterprise clients/partners: Visa, Mastercard, PayPal, Coinbase, Western Union
- Sony Ventures-US MD Austin Noronha: investment reflects growing institutional interest in stablecoins for payments globally
- CEO Chris Maurice: market opportunity is connecting commercial banks directly to stablecoin infrastructure
Why It Matters
Yellow Card's $40 million raise underscores growing institutional interest in stablecoin payments infrastructure, particularly in emerging markets where traditional correspondent banking is limited. With over $10 billion in transaction volume and licenses in 22 jurisdictions, Yellow Card is a key bridge between commercial banks and stablecoin rails. The backing from Standard Chartered's SC Ventures and Sony Innovation Fund signals that traditional financial and corporate players are investing in stablecoin networks to provide dollar access beyond correspondent banking.