Fintech deepens global expansion after $40m strategic raise
Yellow Card, a pan-African stablecoin provider, expands globally after a $40m Series C raise, strengthening its infrastructure and regulatory footprint. Read More: https://punchng.com/fintech-deepens-global-expansion-after-40m-strategic-raise/
Yellow Card, a pan-African stablecoin infrastructure and payments provider, has announced a $40 million strategic Series C funding round to support its deepening global expansion. The company's growth strategy focuses on building infrastructure, partnerships, and regulatory foundations to operate globally, with Africa remaining central to its expansion plans.
The additional funding will support the expansion of Global USD Accounts and strengthen stablecoin rails connecting its markets worldwide. Regulatory progress includes securing a CASP license from the Financial Sector Conduct Authority in South Africa and gaining regulatory Anti-Money Laundering affiliation in Switzerland. Yellow Card has also strengthened relationships with global financial institutions such as Visa, Mastercard, Western Union, Thunes, and MoneyGram.
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