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Yellow Card
2026-08-13 06:00:14

Yellow Card Raises $40 Million After Exiting Its Consumer App to Focus on Stablecoin Infrastructure

Stablecoin infrastructure provider Yellow Card said on Aug. 4 that it had raised $40 million in a strategic financing round backed by SC Ventures, Sony Innovation Fund, Polychain Capital, and Blockchain Capital, lifting its total equity funding to more than $120 million. The company’s path to this point took nearly a decade and included two major shifts: from a Bitcoin gift card product launched in 2016, to a retail crypto trading app in Nigeria in 2019, and then to a business focused on enterprise stablecoin infrastructure after demand moved sharply from Bitcoin to USDT. During the pandemic, Yellow Card’s transaction volume rose from $1 million per month to $1 million per day, and after listing USDT, 99% of volume shifted from Bitcoin to stablecoins in four months. The company later decided to shut its consumer mobile app, telling retail users on Oct. 29, 2025 to withdraw funds by Dec. 31 before the app closed on Jan. 1, 2026. Yellow Card now positions itself as a payments and settlement infrastructure provider for banks, fintech firms, and enterprises across emerging markets, with operations in more than 50 markets and licenses, authorizations, or registrations in 22 jurisdictions as of August 2026.

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Yellow Card Raises $40 Million After Exiting Its Consumer App to Focus on Stablecoin Infrastructure
Policy Regula
2026-08-10 02:48:00

Funding Weekly: Mastercard closes BVNK acquisition as Yellow Card raises $40 million

PANews’ weekly funding roundup showed a pickup in crypto deal activity from Aug. 3 to Aug. 9, with 12 disclosed blockchain financing events totaling more than $94.9 million. Capital was concentrated in infrastructure, stablecoins, real-world assets and centralized finance, while DePIN, GameFi and rewards platforms also logged fresh deals. The headline M&A transaction came from Mastercard, which said it had completed its acquisition of stablecoin infrastructure company BVNK, a deal previously reported in March as being worth up to $1.8 billion. On the financing side, Yellow Card announced a $40 million strategic round backed by SC Ventures, Sony Innovation Fund, Polychain Capital and Blockchain Capital. Other disclosed transactions included rounds for Blockspace, MAGNE.AI, InvestiFi, JPYC, Dow Protocol, Vangrid and Bundle. PANews also tracked a separate wave of AI and robotics funding, where large checks continued to cluster around infrastructure, cloud capacity, optical networking and enterprise agent platforms, with Sequoia Capital, Index Ventures and the newly launched 224 Ventures also stepping up commitments to the sector.

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Funding Weekly: Mastercard closes BVNK acquisition as Yellow Card raises $40 million
Yellow Card
2026-08-05 19:50:30

Yellow Card Raises $40M Strategic Round as Cumulative Funding Passes $120M

Stablecoin payments platform Yellow Card has completed a strategic equity round of $40 million, pushing its cumulative funding past the $120 million mark. The capital will back an expansion plan that includes scaling the Global USD Accounts product and adding stablecoin and local payment options across Latin America and the Asia-Pacific region. Four investors participated in the round: SC Ventures, Sony Innovation Fund, Polychain Capital, and Blockchain Capital. Yellow Card is also working with commercial banks worldwide to handle cross-border dollar transfers on stablecoin rails, positioning the setup as an alternative to the traditional Swift system. Its enterprise offering lets clients hold U.S. dollars, convert them into stablecoins, and send or receive local currency through local payment rails. The platform operates in more than 50 countries. CoinDesk reported the financing news.

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Yellow Card Raises $40M Strategic Round as Cumulative Funding Passes $120M