African stablecoin infrastructure company Yellow Card has appointed Ross Everett as its first Group Chief Financial Officer (CFO) as the company expands its global operations beyond Africa.

Everett joins Yellow Card after serving as Group Financial Controller at UK digital bank Monzo. He has also held senior roles at financial institutions including Deutsche Bank, Barclays, and KPMG.

In his new role, Everett will oversee Yellow Card’s global finance operations, including financial strategy, planning, reporting, treasury, capital management, and financial governance.

The appointment comes as Yellow Card continues to scale its stablecoin infrastructure platform, which provides services for banks, fintech companies, and multinational businesses. The company currently operates across more than 50 markets.

Yellow Card raised $33 million in Series C funding in October 2024, bringing its total equity financing to $85 million at the time. The company has also secured an additional $40 million in strategic funding to support expansion into Latin America and Asia-Pacific.

Why it matters

The appointment highlights the growing demand for experienced financial leadership among African technology companies as they expand into global markets.

Yellow Card operates in the fintech and digital asset infrastructure sector, helping businesses access stablecoin-powered payments, cross-border transactions, dollar liquidity, and treasury solutions.

The move reflects a broader trend among African startups building international operations and strengthening their leadership teams as they move from early growth stages into larger-scale businesses.

Read also: Remita launches consumer super app to combine banking

What to watch next

Yellow Card’s expansion will be closely watched as stablecoin adoption continues to develop across emerging markets.

The company’s focus on global markets, enterprise partnerships, and financial infrastructure could signal further growth opportunities for African fintech companies building products for international users.

Founders and investors will also be watching how African startups strengthen their executive teams with leaders who have experience scaling financial operations at global technology companies.

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