Yellow Card Secures $40M From Standard Chartered and Sony for Stablecoin Expansion
Nigeria-founded Yellow Card has secured $40 million in strategic funding from Standard Chartered's SC Ventures, Sony, and leading crypto funds to scale its stablecoin payment infrastructure across Africa and into Latin America and Asia-Pacific. The round, first reported on 8 August, is being read as institutional validation of African stablecoin infrastructure as a serious asset class.
Yellow Card: Standard Chartered didn't come to help Africa — it came because Africa already worked
The institutions now backing Yellow Card aren't betting on a concept. They're buying into $10 billion already processed, 22 licences already held, 20-plus African countries already live.
Africa was the proving ground — the hard currency volatility, the fragmented local payment systems, the regulatory fights. Yellow Card absorbed all of it. The capital that credibility attracted is now funding expansion into Latin America and Asia-Pacific.
The uncomfortable truth inside a clean headline: the continent that took the risk doesn't automatically capture the reward.
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- Nigeria-founded Yellow Card secures $40m funding to further global expansion · disruptafrica.com · T1