Yellow Card Arrives in Brazil, Raises $40 Million for Expansion in Latin America

Yellow Card, a provider of infrastructure for stablecoins, announces its entry into Brazil and plans for expansion in Latin America. The company has completed a funding round of $40 million, led by SC Ventures, Sony Innovation Fund, Polychain Capital, and Blockchain Capital. With over $10 billion in transaction volume over the past 12 months, Yellow Card sees Brazil as a strategic market for growth and access to international payment solutions. Founded by Chris Maurice and Justin Poiroux, the company aims to address the lack of reliable and low-cost access to dollar-denominated assets and international payment systems in emerging markets. Maurice emphasizes that the expansion reflects the commitment to building a connected financial infrastructure, enabling global operations with greater predictability. Brazil was chosen due to the relevance of its financial market and the growing adoption of digital assets. Yellow Card seeks to tackle challenges such as high costs and delays in cross-border payments, restricted access to dollar liquidity, and regulatory complexity. The company combines stablecoin infrastructure and payment systems into a single platform, facilitating international operations for financial institutions and fintechs. Currently, Yellow Card has partnerships with Visa, Mastercard, PayPal, among others. The company's innovation has been recognized globally, receiving awards such as 'Disruptor of the Year' in 2023.

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