Stablecoin infrastructure provider Yellow Card says it has raised $40 million in a strategic funding round led by investors including SC Ventures, Sony Innovation Fund, Polychain Capital and Blockchain Capital to expand its global stablecoin payments infrastructure.
The funding brings the company’s total financing to more than $120 million and will be used to scale its Global USD Accounts product, which enables businesses to hold U.S. dollars, manage treasury operations, transact in stablecoins and move funds across local payment networks in more than 50 countries.
Yellow Card said it plans to expand its stablecoin infrastructure into Latin America and Asia-Pacific while broadening local payment rails and currency coverage.
“Stablecoins are here to stay, but their adoption will depend on robust infrastructure and clear real-world utility,” said Alex Manson, CEO of SC Ventures.
“Yellow Card is building those rails for businesses across Africa, enabling them to access and move value efficiently across markets,” he said.
“We believe YC is well positioned to scale across Africa and beyond and look forward to supporting its next phase of growth.”
Sony Innovation Fund said its investment reflected growing institutional interest in stablecoins for global payments.
“Sony Innovation Fund is actively investing across the web3 technology stack, and we are excited to back Yellow Card as it builds the stablecoin infrastructure layer that emerging markets need to move money faster, more reliably, and at global scale,” said Austin Noronha, Managing Director of Sony Ventures-US.
“By combining robust APIs, deep local fiat rails, institutional-grade security, and a strong regulatory-first approach, Yellow Card is making stablecoin-powered payments practical for banks, fintechs, and enterprises,” he said.
“As the company rapidly expands beyond Africa into broader emerging markets across LATAM, EMEA, and APAC, we look forward to supporting its vision of becoming a trusted bridge between traditional finance and the next generation of digital money.”
Yellow Card Chief Executive and Co-Founder Chris Maurice said the investment would help the company expand access to stablecoin-based financial infrastructure.
“This investment is a vote of confidence in what we’ve spent years building: the infrastructure that lets global businesses move money without a traditional correspondent banking,” Maurice said.
“But the bigger opportunity now is connecting banks themselves to stablecoin rails.”
“When institutions plug into this infrastructure, they’re not just modernizing payments, they’re unlocking dollar access for millions of businesses that traditional correspondent banking has left behind.”
“Money should move at the speed and convenience of the internet, and increasingly, banks want to move with it,” he said.
Yellow Card said its Global USD Accounts are already used by customers including Visa and Western Union.
The company said it has facilitated more than $10 billion in transactions, supports over 50 currencies, and holds licenses, authorizations or registrations in 22 jurisdictions across North America, Europe and Africa. It also counts Visa, Mastercard, PayPal and Coinbase among its strategic partners.
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