Yellow Card Raises $40M to Push Stablecoin Payments Into Banks

Yellow Card, the Africa-born stablecoin infrastructure provider, has raised $40 million in strategic equity funding to expand its push into bank-grade stablecoin payments. The round brings its total equity funding above $120 million, at a valuation reportedly well above the $200 million it carried in 2022, though still short of $1 billion, according to a person familiar with the deal cited by CoinDesk. Neither CEO Chris Maurice nor the company confirmed the figure.