Yellow Card raises $40M from SC Ventures, Polychain and Blockchain Capital

Yellow Card, a crypto payment infrastructure company focused on Africa, announced it raised $40 million from SC Ventures, Polychain and Blockchain Capital. Total funding has now surpassed $120 million, while the company’s valuation is said to be above $200 million. Yellow Card plans to use the proceeds to expand its global dollar account service, broaden its stablecoin payment rails and grow its business in the Asia-Pacific region and Latin America.