The latest funding boosts Yellow Card's total capital to over $120 million since its inception a decade ago.
By Olivier Acuna|Edited by Sheldon Reback Aug 5, 2026, 12:09 p.m. 2 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on Yellow Card founders Chris Maurice and Justin Poiroux aim to disrupt traditional banking and address real-world challenges, especially in emerging markets. (Yellow Card/Press)SummaryShow- Yellow Card has successfully raised $40 million in strategic equity funding, bringing its total equity financing to over $120 million, with a valuation exceeding last year's $200 million figure but still under $1 billion.
- The firm is collaborating with banks globally to implement stablecoins and blockchain payments for international dollar transactions, positioning itself against traditional systems like Swift.
- With the fresh capital, Yellow Card plans to enhance its Global USD Accounts product and introduce stablecoin and local payment options across Latin America and the Asia-Pacific region.
Yellow Card has announced a $40 million strategic equity funding round aimed at improving its stablecoin payment infrastructure, anticipating that banks will increasingly adopt blockchain technology for cross-border dollar transfers.
This funding round included participation from SC Ventures, the venture arm of Standard Chartered, Sony Innovation Fund, Polychain Capital, and Blockchain Capital. This latest investment elevates Yellow Card's total equity financing to over $120 million, with its valuation currently higher than the $200 million it achieved in 2022, though still not reaching the $1 billion mark, according to a source familiar with the situation.
Neither Chris Maurice, the CEO of Yellow Card, nor the public relations team of the U.S.-based company confirmed the valuation.
Maurice, a co-founder of the company, stated that Yellow Card is collaborating with commercial banks worldwide to utilize stablecoins to increase the availability of dollars in various markets and to replace outdated payment systems.
He remarked, “The very near future state for this industry is one where payments flow directly between banks onchain, without B2B payments companies or other payment service companies in the flow at all,” via Telegram.
Maurice, who previously sold Pokémon cards, shared with CoinDesk in a 2024 podcast that he and chief technology officer Justin Poiroux established Yellow Card to challenge major banks and the Swift network, which processes over 53 million secure messaging transactions daily for nearly 11,500 financial institutions and facilitates trillions of dollars in global banking transactions. Last month, Swift announced it was testing its first blockchain ledger.
Yellow Card, primarily focused on emerging markets, intends to utilize the new funds to grow its Global USD Accounts, a product offering dollar accounts for businesses, and to integrate stablecoin and local payment solutions in Latin America and the Asia-Pacific region.
The Global USD Accounts enable businesses to maintain dollar reserves, manage and exchange stablecoins, oversee treasury functions, and handle local currency transactions through domestic payment networks in over 50 countries, according to Yellow Card.
Maurice noted that the company's transaction flows have historically been evenly split between corporations and large financial institutions utilizing its treasury management and payment systems. However, bank transactions are now increasing at a faster rate as major institutions adopt the company's services, he indicated.
Yellow Card began its operations in Africa, where it navigated a complex landscape of regulatory environments across various countries. Since its establishment in 2016, the company has facilitated transactions exceeding $10 billion and holds licenses, authorizations, or registrations in 22 jurisdictions.