SC Ventures and Sony Innovation Fund back Yellow Card
Yellow Card, a stablecoin infrastructure provider, today announced the closing of a $40 million funding round.
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Yellow Card, a stablecoin infrastructure provider, today announced the closing of a $40 million funding round, with investment from SC Ventures by Standard Chartered, Sony Innovation Fund, Polychain Capital and Blockchain Capital, among other investors. This brings Yellow Card’s total financing to over $120 million.
“Stablecoins are here to stay, but their adoption will depend on robust infrastructure and clear real-world utility. Yellow Card is building those rails for businesses across Africa, enabling them to access and move value efficiently across markets. We believe Yellow Card is well positioned to scale across Africa and beyond and look forward to supporting its next phase of growth,” said Alex Manson, CEO of SC Ventures.
The investment from Sony Innovation Fund is expected to allow Yellow Card to deepen its reach in Asia-Pacific. “Sony Innovation Fund is actively investing across the web3 technology stack, and we are excited to back Yellow Card as it builds the stablecoin infrastructure layer that emerging markets need to move money faster, more reliably, and at global scale,” said Austin Noronha, managing director of Sony Ventures-US.
“By combining robust APIs, deep local fiat rails, institutional-grade security, and a strong regulatory-first approach, Yellow Card is making stablecoin-powered payments practical for banks, fintechs, and enterprises. As the company rapidly expands beyond Africa into broader emerging markets across LATAM, EMEA, and APAC, we look forward to supporting its vision of becoming a trusted bridge between traditional finance and the next generation of digital money,” he added.
“This investment is a vote of confidence in what we’ve spent years building: the infrastructure that lets global businesses move money without a traditional correspondent banking. But the bigger opportunity now is connecting banks themselves to stablecoin rails. When institutions plug into this infrastructure, they’re not just modernising payments, they’re unlocking dollar access for millions of businesses that traditional correspondent banking has left behind. Money should move at the speed and convenience of the internet, and increasingly, banks want to move with it,” said Chris Maurice, CEO and co-founder of Yellow Card.
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