Yellow Card Expands Global Reach with $40M Funding

Yellow Card, a pan-African licensed stablecoin infrastructure and payments provider, is advancing its global expansion following a $40 million strategic Series C funding round. Lasbery Oludimu, Group Vice President of Operations and Managing Director of Yellow Card Nigeria, stated that the company's growth strategy focuses on building the necessary infrastructure, regulatory footprint, and partnerships for global operations.

The new funding will support the expansion of Global USD Accounts and strengthen stablecoin connections worldwide. Yellow Card is also increasing its presence in Latin America and the Asia-Pacific region.

The company has made regulatory progress, securing a CASP license in South Africa and Anti-Money Laundering affiliation in Switzerland. Yellow Card has strengthened relationships with global institutions such as Visa, Mastercard, and MoneyGram, and was named to Fortune’s inaugural Crypto Innovators list.

Oludimu emphasized that stablecoins are evolving into practical infrastructure for businesses, aiming to ensure African businesses are included in this global financial evolution.