Yellow Card raises $40M to build infrastructure connecting traditional banks to stablecoin payment rails.
DeFi & Yields ·
Yellow Card has secured $40 million in strategic equity funding to expand infrastructure connecting banks to stablecoin payment systems, bringing its total equity financing to more than $120 million since its 2016 founding. Investors in the round included SC Ventures, Sony Innovation Fund, Polychain Capital and Blockchain Capital, valuing the company higher than its 2022 $200 million valuation but below $1 billion. The company plans to deepen its Global USD Accounts offering and introduce stablecoin and local payment options across Latin America and Asia-Pacific, targeting displacement of traditional cross-border payment networks among commercial banks globally.