Yellow Card raises $40 million to link banks to stablecoin processing
Yellow Card has raised $40 million in a new funding round to expand its stablecoin-based payment infrastructure for banks and businesses globally. The company aims to replace legacy systems like Swift by enabling direct, on-chain dollar payments across emerging markets in Africa, Latin America, and Asia-Pacific.
The round included SC Ventures, Standard Chartered’s venture arm, Sony Innovation Fund, Polychain Capital and Blockchain Capital. It brings Yellow Card’s total equity financing to more than $120 million at a valuation significantly higher than the $200 million it rated in 2022, but not yet $1 billion, one person close to the matter told CoinDesk.
Get the full story
Sign up for Headlinne to unlock AI insights, political bias analysis, and your personalized news feed.
Create free accountAlready have an account? Sign in