Yellow Card Acquires Brazilian Crypto Firm GoMoney to Expand Stablecoin Payments into Latin America
The acquisition gives Yellow Card access to Brazil’s $252 billion crypto economy and the domestic payment system, Pix
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TL;DR
- Yellow Card has acquired Brazilian VASP GoMoney for an undisclosed sum.
- GoMoney will operate as a wholly owned subsidiary under its founders.
- GoMoney is not yet fully authorised in Brazil; however, Yellow Card says it has submitted an application which is currently under review.
- The acquisition gives Yellow Card access to Brazil’s $252 billion crypto economy and the domestic payment system, Pix.
- The deal follows Yellow Card’s Swiss regulatory approval and its expansion into North America
Yellow Card Enters Brazil Through GoMoney Acquisition
Pan-African Stablecoin payments infrastructure provider Yellow Card announced its acquisition of São Paulo-based virtual asset service provider (VASP) GoMoney. The acquisition, which occurred in October 2026, was officially announced on November 4, 2026. The financial terms of the deal remain undisclosed.
The acquisition marks Yellow Card’s first owned business entity in Latin America. Per the announcement, GoMoney now operates as a wholly owned subsidiary of Yellow Card. Its leadership will remain unchanged.
GoMoney founder and CEO Mauricio Pires says the company is “excited to become part of the Yellow Card team” and looks forward to expanding its business in Brazil and across Latin America.
He highlights the similarities between Yellow Card and GoMoney’s paths. “We have spent the last eight years building a virtual asset service provider business in Brazil focused on using stablecoins as a means of effecting cross-border payments, similar to what Yellow Card has been doing in Africa and globally over the same period.”
What GoMoney Brings to Yellow Card’s Payments Network
GoMoney was founded in 2018. It specialises in facilitating payment processing for international businesses operating in Brazil. The company’s core platform allows cross-border businesses to collect funds locally in Brazilian reais (BRL) and settle transactions efficiently using digital assets.
GoMoney’s integration with Pix is a core element in the deal. Pix is Brazil’s domestic instant payment system created by the central bank. Through this acquisition, Yellow Card clients gain access to local real collections and payouts directly linked to stablecoin settlement options.
These local payment capabilities plug directly into Yellow Card’s existing corporate treasury management, cross-border settlement, and liquidity service framework. Yellow Card CEO Chris Maurice said the acquisition aligns with the company’s goal of building global financial infrastructure.
“Building global financial infrastructure requires compliance with local frameworks, local payment rails, and local expertise and relationships to operate effectively,” he said. “GoMoney has built a strong foundation in Brazil over the last eight years, and bringing our businesses together will allow us to deliver greater value to customers while accelerating our long-term ambitions.”
While GoMoney is not yet fully authorised, YellowCard notes that it has filed for authorisation with the Central Bank in Brazil and operates under its transitional regime.
Why Yellow Card Is Targeting Brazil
Brazil is the largest cryptocurrency economy in Latin America, accounting for 43.7% of the region’s economy. Chainalysis 2026 reports show that Brazil recorded an estimated $252.5 billion in total cryptocurrency activity between July 2025 and June 2026.
Its stablecoin economy alone grew by 495%. Chainalysis reports this growth is driven by its use in B2B services. The country ranked number 7 on the Chainalysis Big Money Adoption Index and number 1 on its Grassroots Adoption Index.
These services include commercial payment settlement, cross-border B2B payments, and treasury liquidity management. All of which align with YellowCard’s B2B focus, as the company shut down its retail services last year. Acquiring established Brazilian infrastructure allows Yellow Card to bridge commercial trade corridors between Latin America and its established African operations.
What the Deal Means for African Fintech Expansion
This deal is part of Yellow Card’s broader expansion strategy. After transitioning solely to B2B services, Yellow Card secured a $40 million investment in August, backed by investors such as Standard Chartered and Sony Ventures. In June, the company obtained Swiss regulatory approval, partnered with Mastercard in May, and expanded into Canada via a subsidiary in September.
Yellow Card’s entry into South America illustrates a broader evolution in stablecoin infrastructure. African-founded fintech firms are increasingly expanding their global operational footprints. Having built cross-border liquidity rails across dozens of African nations, Yellow Card is using strategic acquisitions to secure immediate access to domestic banking and payment systems.
Direct connectivity between Pix in Brazil and local settlement rails across Africa opens intercontinental trade corridors for import/export businesses.
Yellow Card hopes to replicate its African model in Latin America, and that depends partly on whether the BCB grants GoMoney full authorisation.
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