Yellow Card Announces $40 Million Funding Round to Expand Its Stablecoin Infrastructure

Yellow Card announces $40 million funding round to expand its stablecoin infrastructure

The stablecoin infrastructure provider initially launched in African and focuses on emerging countries worldwide. It is currently valued at nearly $1 billion.

Yellow Card CEO on Funding, Stablecoin’s Global Foothold

Chris Maurice, CEO of Yellow Card, explained how his company differentiates itself from competitors like Stripe and Wise by building the underlying infrastructure that enables international money movement using stablecoins such as USDC. Yellow Card provides direct liquidity and on/off ramps against local currencies across regions including Africa, Latin America, and Asia, allowing stablecoins to be sent and converted locally without the need to …

Yellow Card raises USD $40 million for stablecoin push

Backers including SC Ventures and Sony Innovation Fund are betting USD $40 million will help widen access to dollar-based payments in emerging markets.

Yellow Card Raises $40M to Push Stablecoins Into Banks

Why Did Yellow Card Raise New Capital? Yellow Card raised $40 million in strategic equity funding to expand its stablecoin payment infrastructure, betting that banks will increasingly use blockchain networks to move dollars across borders. The round included SC Ventures, the venture arm of Standard Chartered, Sony Innovation Fund, Polychain Capital and Blockchain Capital. The financing brings Yellow Card’s total equity funding to more than $120 …

Standard Chartered, Sony back Yellow Card in $40 million funding round

Stablecoin payments infrastructure provider Yellow Card has secured $40 million in a strategic funding round to accelerate its international expansion and scale its Global USD Accounts platform for businesses. The post Standard Chartered, Sony back Yellow Card in $40 million funding round appeared first on Nairametrics.

FUNDING | Yellow Card Secures $40 Million Strategic Investment as Demand for Regulated Stablecoin Infrastructure Expands

African stablecoin infrastructure provider, Yellow Card, has raised $40 million in a strategic funding round led by SC Ventures, the innovation and investment arm of Standard Chartered, alongside participation from existing and new institutional investors, the company said. The list of investors include: SC Ventures by Standard Chartered Sony Innovation Fund Polychain Capital Blockchain Capital, and additional strategic investors. The funding w…