Following a recent $40 million strategic funding round, stablecoin infrastructure provider Yellow Card is setting its sights on deepening its international footprint and scaling its enterprise financial solutions. Speaking at a media briefing in Lagos on Wednesday, the company’s leadership, led by Lasbery Oludimu, Group Vice President of Operations and Managing Director for Yellow Card Nigeria, and Osaro Jackson, Country Manager and Growth Lead, Yellow Card Nigeria, outlined how the newly injected capital will be deployed.
The fresh funding is heavily earmarked to scale Yellow Card’s Global USD Accounts, an end-to-end dollar account solution tailored for corporate entities, while also expanding the underlying stablecoin payment rails that connect these accounts to markets worldwide. Addressing journalists, Oludimu emphasised that the investment will enable the company to adopt a deliberate strategy to expand its operational presence across the Asia-Pacific and Latin American regions, as well as to build the infrastructure, partnerships, and regulatory foundations required to operate globally.
“Our growth is not simply about entering more countries,” Oludimu explained during her address, noting the company’s deliberate approach to scale. “We are building the infrastructure, regulatory footprint and partnerships required to connect businesses across markets reliably and compliantly. Africa remains central to that story, even as we expand globally.”
This latest $40 million capital injection takes Yellow Card’s total equity financing to over $120 million since its founding in 2016 by Christopher Maurice and Justin Poiroux. The round, officially announced on 4 August 2026, was backed by a consortium of heavyweight investors, including SC Ventures by Standard Chartered, Sony Innovation Fund, Polychain Capital, and Blockchain Capital.
Lasbery Oludimu, Vice President of Global Operations and Managing Director of Yellow Card Nigeria, at the Yellow Card Media Meetup event in Lagos, Nigeria.
According to Oludimu, the participation of established, regulated financial institutions like Standard Chartered and Sony serves as a significant signal of trust. It highlights a broader industry trend where traditional institutional investors outside the immediate fintech space are increasingly betting on the utility of stablecoins as vital financial plumbing.
YellowCard’s strategic pivot to global B2B infrastructure
Since launching its first commercial product in Nigeria in 2019, Yellow Card has transformed significantly. Once a primarily consumer-facing Pan-African crypto exchange, the firm has evolved into a global stablecoin infrastructure provider operating across more than 50 markets and supporting over 50 distinct currencies. The platform now offers a comprehensive infrastructure stack that merges stablecoin payments, wallet services, fiat settlement rails, and bespoke local stablecoin issuance into a unified ecosystem.
This evolution solidifies the firm’s strategic shift from a consumer-centric (B2C) model to a robust B2B enterprise supporting global institutions. A pivot, Oludimu said, was purely a business and operational decision. Today, Global USD Accounts are actively utilised and trusted by major corporate clients, including Visa, Western Union, Mastercard, Thunes, MoneyGram, and PayPal.
The company’s expansion is heavily underpinned by proactive regulatory engagement. A prime example is the regulatory Anti-Money Laundering (AML) affiliation Yellow Card secured in Switzerland in June 2026, which authorises the firm as a supervised financial intermediary. This wholly-owned Swiss subsidiary provides banking partners and corporate clients with a single, regulated entry point to access the company’s stablecoin infrastructure across the US, Latin America, Africa, and other emerging markets.
This European foothold complements an already formidable regulatory portfolio. Yellow Card holds the first Virtual Asset Service Provider (VASP) licence ever issued on the African continent, acquired in Botswana, alongside licences as a Financial Services Provider (FSP), Crypto Asset Service Provider (CASP), and Third-Party Payment Provider (TPPP) in South Africa. Furthermore, the U.S.-incorporated parent company is registered as a Money Services Business (MSB) with FinCEN, while its broader network of VASP subsidiaries adheres to stringent AML reporting requirements across multiple jurisdictions.
As Yellow Card integrates further with traditional banking systems, strict adherence to compliance remains at the centre of its operations. The firm has implemented a rigorous compliance-first architecture, encompassing customer onboarding (KYB/KYC), transaction monitoring (KYT), sanctions screening, and stringent anti-bribery measures.
Yellow Card
This dedication to governance recently yielded seven nominations for the 2026 Morgans Governance, Risk Management, and Compliance (GRC) Financial Crime Awards for the Africa Edition. The firm earned an institutional nod for “Organisational Excellence in Governance, Risk, and Compliance” alongside six individual nominations for key compliance personnel, including Bright Anyanwu and Japhet Gana. Additionally, the company was named to Fortune’s inaugural Crypto Innovators list in June 2026.
Doubling down on Africa amidst global expansion
During the interactive Q&A session, the narrative turned sharply towards on-the-ground realities across the continent. When questioned by Technext on whether the pivot from a Pan-African consumer exchange to a global infrastructure provider implied that Yellow Card’s work in Africa was done, especially given that intra-African trade and cross-border payments remain persistent hurdles, Oludimu firmly rejected any notion of an exit strategy.
“We are absolutely not done in Africa,” Oludimu clarified. “We started in Africa; we built a strong brand here, and it is my responsibility to ensure we maintain that brand presence. While we are not actively trying to compete with anyone, we are very cognisant of the fact that other emerging fintech organisations want to replicate what we are doing on the continent.”
Addressing the competitive landscape, she explained that maintaining Yellow Card’s market-leading position across the continent demands continuous, heavy capital investment. A major focus of this capital will go directly into regulatory licensing, a factor she warned will soon separate operational fintechs from defunct ones.
“It is only wise that we ensure we do not lose our leading position in Africa,” she added. “One of the specific areas we are going to invest heavily in is licensing. We are approaching a stage where, if a company does not have the relevant regulatory licences, it simply will not be able to operate. Regulators are advancing to that extent. So, we are still heavily investing in Africa, even as we begin expanding into other global markets.”
Ultimately, Yellow Card maintains that while international expansion into Latin America and Asia-Pacific opens new corridors, emerging markets in Africa remain the primary testbed for practical stablecoin utility. For the firm, the $40 million injection is not a passport out of Africa, but rather the capital backing required to harden its regional infrastructure while building a borderless financial network worldwide.
