Yellow Card raises US$40M for expansion

• Yellow Card raised US$40 million in strategic equity funding, taking total financing above US$120 million.
• The company has processed more than US$10 billion in transactions and operates under approvals across 22 jurisdictions.
• Yellow Card will expand Global USD Accounts and add payment options across Latin America and Asia-Pacific.

Yellow Card raised US$40 million in strategic equity funding to expand its stablecoin payment infrastructure for banks and businesses.

The funding lifted Yellow Card’s total equity financing above US$120 million, with its valuation remaining below US$1 billion.

“The very near future state for this industry is one where payments flow directly between banks onchain,” said Yellow Card CEO Chris Maurice.

SC Ventures, Sony Innovation Fund, Polychain Capital and Blockchain Capital participated in the latest funding round.

Yellow Card said it will expand Global USD Accounts and add stablecoin and local payment options in Latin America and Asia-Pacific.

Global USD Accounts supports dollar holdings, stablecoin swaps and local currency payments through domestic networks in more than 50 countries.

Yellow Card has processed more than US$10 billion since 2016 and holds licences, authorisations or registrations across 22 jurisdictions.