Fintech deepens global expansion after $40m strategic raise

Yellow Card, a pan-African stablecoin infrastructure and payments provider, is expanding its global reach following a $40 million strategic Series C funding round, along with growing regulatory footprint and partnerships with leading financial and payment companies. The company's leadership, Lasbery Oludimu, emphasized that the expansion is aimed at establishing the necessary infrastructure, regulatory frameworks, and partnerships to operate globally.

She stated, "Our growth is not just about entering more countries; we are constructing the infrastructure, regulatory footprint, and partnerships required to connect businesses across markets reliably and in compliance. Africa remains at the core of this narrative, even as we broaden our global footprint." The fresh capital will bolster the company's Global USD Accounts—its comprehensive dollar account for businesses—and enhance the stablecoin networks linking its markets worldwide.

The firm is also strengthening its presence in Latin America and the Asia-Pacific region. This growth coincides with rising foreign exchange instability and dollar liquidity constraints in numerous African economies, prompting businesses and financial institutions to turn to stablecoins like USDT and USDC for cross-border trade settlements and treasury protection.

Yellow Card's commercial progress has been paralleled by regulatory advancements. In South Africa, the company became one of the initial crypto asset service providers to obtain a CASP license from the Financial Sector Conduct Authority. Internationally, Yellow Card recently achieved regulatory Anti-Money Laundering affiliation in Switzerland, enabling banking partners and institutional clients to access its stablecoin infrastructure across Africa and international markets.

The company has also elevated ties with global legacy firms, such as Visa, Mastercard, Western Union, Thunes, and MoneyGram. Yellow Card was recently inducted into Fortune's inaugural Crypto Innovators list, acknowledging entities that are propelling the global digital asset ecosystem through technology, infrastructure, security, and mainstream acceptance.

Oludimu added, "Stablecoins are increasingly moving beyond being perceived as mere crypto products; they are transforming into practical infrastructure for businesses that require more efficient methods to transfer money, manage treasury, and engage in global trade. Our emphasis is on constructing this infrastructure responsibly and ensuring African businesses are part of this transformation."

Yellow Card highlighted that it will continue broadening its regulatory reach, payment channels, and institutional collaborations as it constructs a global network connecting businesses. The platform empowers banks, fintechs, and multinational corporations to access US dollars, manage treasury, and transfer money effortlessly across borders, integrating stablecoin payment systems, fiat settlement mechanisms, wallet services, and tailored local stablecoin issuance.

The firm now functions in over 50 markets worldwide, offering stablecoin transactions, fiat settlement routes, corporate wallet solutions, and bespoke local stablecoin issuance. Its latest funding round was spearheaded by Blockchain Capital, with support from SC Ventures (backed by Standard Chartered), Sony Innovation Fund, Polychain Capital, and other strategic investors, raising Yellow Card's total equity financing to over $120 million since its establishment.

Founded in 2016 by Chris Maurice and Justin Poiroux, Yellow Card began as a Bitcoin exchange in Nigeria in 2019 before transitioning into a comprehensive B2B stablecoin payments and treasury management infrastructure across emerging markets.