Stablecoin infrastructure and payments provider Yellow Card is expanding its global operations after securing $40 million in strategic funding and strengthening its regulatory footprint and partnerships with major financial and payments companies.
The latest funding round included investments from SC Ventures by Standard Chartered, Sony Innovation Fund, Polychain Capital, Blockchain Capital and other strategic investors, bringing Yellow Card’s total equity financing to more than $120 million.
The company now operates across more than 50 markets, providing stablecoin payments, fiat settlement rails, wallet services and local stablecoin issuance.
Speaking during a media interactive session in Lagos, Group Vice President of Operations and Managing Director of Yellow Card Nigeria, Lasbery Oludimu, said the company’s growth is focused on developing infrastructure, partnerships and regulatory frameworks that allow businesses to move money across markets more efficiently.
“Our growth is not simply about entering more countries. We are building the infrastructure, regulatory footprint and partnerships required to connect businesses across markets reliably and compliantly. Africa remains central to that story, even as we expand globally,” Oludimu said.
The new capital will support the expansion of Yellow Card’s Global USD Accounts, an end-to-end dollar account designed for businesses, while strengthening the stablecoin payment rails connecting its markets.
The company is also expanding its operations across Latin America and the Asia-Pacific region as it seeks to build a broader global payments infrastructure.
For African businesses, particularly companies involved in international trade, the expansion could create new options for managing cross-border payments and accessing dollar-denominated financial infrastructure.
Stablecoins can provide businesses with another way to move value across borders, potentially reducing some of the delays and operational challenges associated with traditional international payment systems.
Yellow Card has also continued to expand its regulatory presence.
In June, the company secured regulatory AML affiliation in Switzerland as a supervised financial intermediary. The development provides banking partners and institutional clients with a regulated point of access to its stablecoin infrastructure across Africa and other international markets.
The company has also strengthened relationships with major global financial and payments companies, including Visa, Mastercard, Western Union, Thunes and MoneyGram.
Yellow Card was recently named to Fortune’s inaugural Crypto Innovators list, which recognised organisations contributing to the development of the global digital asset ecosystem through technology, infrastructure, security and adoption.
Oludimu said stablecoins are increasingly being viewed as more than a cryptocurrency product, with businesses exploring their potential for payments, treasury management and international commerce.
“Stablecoins are increasingly moving beyond being viewed simply as a crypto product. They are becoming practical infrastructure for businesses that need more efficient ways to move money, manage treasury and participate in global commerce,” she said.
She added that the company’s focus was on developing the infrastructure responsibly while ensuring African businesses participate in the growth of the digital financial ecosystem.
For MSMEs operating across borders, the development could be significant as access to faster and more flexible payment infrastructure becomes increasingly important to international trade and digital commerce.
However, businesses will also need to consider regulatory requirements, currency risks, transaction costs and the compliance obligations associated with digital asset-based payment systems.
Yellow Card said it would continue expanding its regulatory footprint, payment corridors and institutional partnerships as it develops its global stablecoin infrastructure.
