“Can one API become the default stablecoin-backed payments and banking rail for emerging markets?”
Founded in 2016 and launched to retail users in Nigeria in 2019 as Africa's first licensed crypto on/off-ramp. After the 2024 Series C, Yellow Card pivoted decisively to B2B — repositioning as stablecoin payments infrastructure for banks, corporates and fintechs moving money into and out of emerging markets. The 2026 Global Accounts launch extended that into embedded banking: named corporate USD/GBP/EUR accounts, local payout rails in 50+ currencies, and stablecoin liquidity, all delivered through one API.
Yellow Card discloses Yellow Card (self-operated) and Erebor Bank as its banking providers, according to the Embedded Finance Index 2026.
Yellow Card does not disclose a bank charter of its own; its banking services are provided through Yellow Card (self-operated) and Erebor Bank.
Yellow Card processes payments through Yellow Card API (self-operated).
Yellow Card's cards run on Visa.
Yellow Card uses AiPrise for KYC and identity verification.
Yellow Card uses Yellow Card (self-operated) for FX and cross-border payouts.
Yellow Card's crypto products run on Yellow Card (self-operated) and Erebor Bank.
The Embedded Finance Index 2026 maps 8 layers in Yellow Card's stack: Payments / PSP (Yellow Card API (self-operated)); Banking / BaaS (Yellow Card (self-operated) and Erebor Bank); Card network (Visa); KYC (AiPrise); Sponsor bank (Erebor Bank); FX & payouts (Yellow Card (self-operated)); Crypto (Yellow Card (self-operated) and Erebor Bank); Treasury (Yellow Card Treasury Portal (self-operated) and Yellow Card stablecoin yield (self-operated)).
Yellow Card was founded by Chris Maurice and Justin Poiroux and is founded in 2016, headquartered in Atlanta, Georgia, United States.
Yellow Card has raised $120M+ (equity) in total (latest round: Strategic round, August 2026).
Yellow Card's acquisitions include GoMoney (2026).
Get a read on where your own stack stands against Yellow Card and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.