Yellow Card Raises $40M From Standard Chartered and Sony for Global Stablecoin Expansion
Nigeria-founded Yellow Card has raised $40 million from investors including Standard Chartered's SC Ventures and Sony to scale its stablecoin payment infrastructure and expand dollar-denominated accounts globally. The raise, which follows initial reporting on August 8, positions Yellow Card as a leading African operator in institutional stablecoin infrastructure.
Yellow Card: the client list already answered the hardest question
Standard Chartered and Sony get headlines. The line buried in the briefing is the one that matters: Visa, Western Union, Mastercard, MoneyGram, and PayPal are already live on Yellow Card's infrastructure.
That's not a pipeline. That's the global payment industry quietly rerouting through something an African-founded company built.
The $40 million is essentially Yellow Card converting that proof into formal institutional backing — and pointing the resulting machine at Asia-Pacific and Latin America. Africa was the hard school. The diploma is now worth something everywhere else.
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- Yellow Card targets global expansion, scales dollar accounts after $40m fundraise · technext24.com · T2