Yellow Card Raises $40 Million to Expand Global Stablecoin Infrastructure

Yellow Card has secured $40 million in strategic funding to expand its Global USD Accounts and stablecoin payment infrastructure across Africa, Latin America, and Asia-Pacific...

✨ Key Highlights

Kenyan fintech company Yellow Card has secured $40 million in a new funding round to enhance its global stablecoin infrastructure and launch its Global USD Accounts.

The investment, which brings Yellow Card's total funding to over $120 million, saw participation from SC Ventures by Standard Chartered, Sony Innovation Fund, and Polychain Capital.
The funds will support the rollout of Global USD Accounts, designed for businesses to manage U.S. dollar holdings and facilitate local currency payments in over 50 countries.
This expansion includes moving beyond Africa into Latin America and the Asia-Pacific, with a focus on connecting financial institutions directly to stablecoin infrastructure.

Continue Reading

Read the complete article from Tech Arena

📰 Read Full Article

Related News

Video

President Samia calls for greater investment in African infrastructure

The Star (Youtube)

3h ago

top9h ago

Court Fines Two Ksh5 Million Each Over Infrastructure Vandalism

Two men have been sentenced to a Ksh5 million fine each or 10 years in prison for vandalizing telecommunications infrastructure in Baringo County.

Kenyans

📰 Read Full Story

17h ago

Slow infrastructure rollout stalls Dongo Kundu SEZ dream

Mombasa's Dongo Kundu Special Economic Zone (SEZ), envisioned over two decades ago as a flagship industrial hub, is experiencing a renewed surge in investor interest, but faces significant delays due to slow infrastructure development.

The Standard Business

📰 Read Full Story