Yellow Card Secures $40M to Expand Stablecoin Payment Rails Across Africa and Beyond

Yellow Card, a company that enables cryptocurrency payments in Africa, has secured $40 million in funding to expand its services globally. The investment comes from SC Ventures, Polychain, and Blockchain Capital, bringing the company's total funding to over $120 million with a valuation exceeding $200 million.

The funds will be used to scale Yellow Card's global dollar account service, strengthen stablecoin payment rails, and accelerate growth in Asia-Pacific and Latin America. This move reflects a growing recognition of the potential for stablecoins to modernize payment systems in emerging markets.

Yellow Card has established itself as one of the leading crypto payment platforms on the African continent, operating in over 20 countries. The company's fiat-to-crypto on-ramp allows individuals and businesses to buy, sell, and transfer digital assets using local currencies.