Yellow Card, a leading African fintech firm, has raised $33 million in Series C funding, bringing its total equity financing to $85 million. The round was led by Blockchain Capital, with major contributions from Polychain Capital, Galaxy Ventures, and Winklevoss Capital. This latest investment highlights Yellow Card’s pivotal role in the growing adoption of digital assets across Africa.

Expanding Stablecoin Services for Cross-Border Payments

With the fresh capital, Yellow Card aims to enhance its API and payment widget offerings, focusing on cross-border payments and treasury management using stablecoins like USDT, USDC, and PYUSD. These services offer faster, more affordable liquidity options, benefiting both local firms and multinational corporations seeking to enter African markets.

Stablecoins: A Game-Changer in African Finance

Since its inception in 2019, Yellow Card has facilitated nearly $3 billion in transactions across 20 African countries. CEO and co-founder Chris Maurice emphasized that the funding underscores the growing significance of digital assets for businesses in Africa, where traditional financial infrastructure faces challenges.

Global Impact of Stablecoin-Based Solutions

This latest investment round not only strengthens Yellow Card’s position but also reflects a broader trend. Stablecoin-based solutions are emerging as viable alternatives to conventional payment systems worldwide, with regions like Thailand and the UAE also exploring regulated stablecoin options.

Yellow Card is leading the charge in transforming Africa’s financial landscape, creating new opportunities for global companies to connect with the continent’s rapidly growing digital economy.