Yellow Card, the African-founded digital asset company, has raised $40 million in fresh capital to accelerate its international expansion and deepen its stablecoin-based payment infrastructure across key global markets.
The Series C round, led by Blockchain Capital with participation from SC Ventures, Sony Innovation Fund, and Polychain Capital, pushes Yellow Card’s total equity funding since inception above $120 million. The company now operates across more than 50 markets, providing cross-border payments, fiat settlement, business wallets, and stablecoin infrastructure.
The funding gives Yellow Card additional capacity to scale products designed for businesses requiring faster access to dollar liquidity, cross-border settlement, and treasury services. A major part of the expansion will centre on its Global USD Accounts product, which provides businesses with access to dollar-denominated accounts while connecting them to stablecoin settlement channels.
Brandspur Banking News Desk gathered that the company is targeting stronger growth in Latin America and the Asia-Pacific region as it builds payment corridors linking emerging markets with the broader global financial system. The strategy positions Yellow Card not merely as a geographic player but as infrastructure for companies operating across fragmented financial systems, particularly in markets where access to foreign currency remains difficult or expensive.
Yellow Card’s expansion comes as more companies across Africa turn to dollar-linked digital assets to manage currency risk, preserve working capital, and complete international transactions. Persistent foreign exchange shortages in several African economies have created demand for alternative settlement methods, particularly among importers, exporters, fintech companies, and institutions that depend on reliable access to foreign currency.
Stablecoins such as USDT and USDC have increasingly become part of that infrastructure because their value is generally tied to the US dollar while transactions can move across digital networks without depending entirely on traditional correspondent banking channels.
The company’s expansion strategy is supported by a widening regulatory presence. Yellow Card has secured regulatory approvals in several jurisdictions, including South Africa, while also establishing a supervised financial presence in Switzerland. These approvals are particularly important as institutional adoption of digital assets increasingly depends on compliance, anti-money laundering controls, and the ability to satisfy the requirements of banks and regulators.
Yellow Card has also developed relationships with major global payments companies, including Visa, Mastercard, Western Union, Thunes, and MoneyGram, giving it access to a wider ecosystem of payment, settlement, and remittance services.
The company was founded in 2016 and began operations in Nigeria in 2019 as a digital asset trading platform before shifting its business model toward enterprise payments and treasury services. Its evolution reflects the broader transformation of Africa’s cryptocurrency sector from retail trading to institutional-grade financial infrastructure.
For Nigerian businesses grappling with foreign exchange volatility and limited dollar access, Yellow Card’s expansion offers another channel for managing international payments. The company’s regulated approach and partnerships with established financial networks position it as a bridge between conventional banking and the emerging stablecoin economy.
