Yellow Card raises $40 million to link banks to stablecoin processing
The funds bring Yellow Card’s total financing to more than $120 million since being founded 10 years ago.
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Summary
- Yellow Card raised $40 million in strategic equity funding, lifting its total equity financing above $120 million at a valuation higher than its 2022 $200 million mark but still below $1 billion.
- The company is working with commercial banks worldwide to use stablecoins and onchain payments to move dollars across borders and compete with legacy systems such as Swift.
- Yellow Card plans to use the new capital to expand its Global USD Accounts product and add stablecoin and local payment options in Latin America and Asia-Pacific.
