Yellow Card, an Africa-founded stablecoin infrastructure provider, has secured $40 million in a strategic funding round led by investors including Standard Chartered’s SC Ventures and Sony Innovation Fund, as the company increases its expansion beyond Africa and deepens its push into global cross-border payments.
The latest investment, which also attracted Polychain Capital, Blockchain Capital and other strategic investors, raises Yellow Card’s total equity financing to more than $120 million.
The company said the fresh capital will be used to scale its Global USD Accounts platform and expand the stablecoin payment rails that connect businesses to markets worldwide.
Global USD Accounts enable businesses to hold U.S. dollars, manage treasury operations, swap stablecoins and collect or disburse local currencies across more than 50 countries.
Yellow Card said the new funding will also strengthen its presence in Latin America and the Asia-Pacific region while expanding its payment infrastructure globally.
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Alex Manson, chief executive of SC Ventures, said the investment reflects growing confidence in stablecoins as a payments technology.
“Stablecoins are here to stay, but their adoption will depend on robust infrastructure and clear real-world utility. Yellow Card is building those rails for businesses across Africa, enabling them to access and move value efficiently across markets,” Manson said.
Sony Innovation Fund said its participation underscores increasing institutional interest in stablecoin-powered payments.
Austin Noronha, managing director of Sony Ventures-US, said Yellow Card is building the infrastructure needed for banks, fintechs and enterprises to move money faster across emerging markets, adding that the company is positioning itself as a bridge between traditional finance and digital money.
Chris Maurice, Yellow Card’s chief executive and co-founder, said the funding validates years of investment in payment infrastructure designed to reduce dependence on correspondent banking.
“The bigger opportunity now is connecting banks themselves to stablecoin rails. When institutions plug into this infrastructure, they’re not just modernising payments, they’re unlocking dollar access for millions of businesses that traditional correspondent banking has left behind,” Maurice said.
Founded in 2019, Yellow Card has shifted from a retail cryptocurrency platform to enterprise-focused stablecoin infrastructure.
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The company has processed more than $10 billion in transactions, supports over 50 currencies and holds licences, registrations or authorisations across 22 jurisdictions in Africa, Europe and North America. Its customers and partners include Visa, Mastercard, PayPal, Coinbase and Western Union.
Yellow Card is among firms seeking licensing under the Securities and Exchange Commission’s Accelerated Regulatory Incubation Programme (ARIP), positioning the company to benefit from the country’s evolving crypto regulatory framework as demand for blockchain-based cross-border payment solutions grows.
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