Stablecoin payments infrastructure provider Yellow Card acquired GoMoney, a Brazilian virtual asset service provider in October 2026. Financial terms were not disclosed.
The acquisition gives Yellow Card direct operations in Brazil, its first owned business in Latin America.
GoMoney has applied to the Banco Central do Brasil (BCB) for authorisation to operate as a virtual asset service provider. The application falls under Law No. 14,478/2022 and BCB Resolution No. 519/2025. For now, GoMoney operates under Brazil’s transitional regime. Full authorisation still depends on the central bank’s review and approval.
The deal adds local collections and disbursements in Brazilian reais to Yellow Card’s offering. This includes payments through Pix, Brazil’s instant payment system, with settlement in stablecoins. The service will plug into the treasury and liquidity tools that Yellow Card already runs in its other markets.
“Building global financial infrastructure requires compliance with local frameworks, local payment rails, and local expertise and relationships to operate effectively,” said Chris Maurice, Co-founder and CEO of Yellow Card.
Other players in the cross-border market have been strengthening their hold on compliance. Tanzanian fintech NALA and Worldremit’s Zepz both recently hired top compliance officers.
GoMoney was founded in 2018 and will stay under the leadership of its founders as a wholly owned subsidiary. Chief executive and founder Maurício Pires said the company has spent eight years using stablecoins for cross-border payments in Brazil, adding that the team looks forward to expanding in Brazil and across Latin America.
Yellow Card’s run to this deal
Founded in 2016, Yellow Card began as a retail crypto exchange in Africa. In late 2025 it shut that business. Users were told in October 2025 to withdraw funds before December 31, and since January 1, 2026, the company has served only businesses. Yellow Card now says it has processed more than $10 billion in transactions since its founding. It holds licences, authorisations or registrations in 22 jurisdictions and reaches more than 50 countries through local payment rails.
The change was followed by a string of moves. In June 2026 it won Swiss regulatory approval. In August it raised $40 million from Standard Chartered’s venture arm SC Ventures, Sony Innovation Fund, Polychain Capital and Blockchain Capital. The money is meant to expand its global USD accounts and local currency collections across more than 50 countries.
In August it launched in Brazil, with a Latin America vice president, Hugo Rodrigues, and a remote local team. In September it hired Ross Everett, formerly of Monzo, as its first Group CFO. Also in September, Nigeria’s Securities and Exchange Commission admitted its local unit to the Accelerated Regulatory Incubation Programme on a conditional basis.
Why Brazil, and why buy
Brazil is the obvious first stop in Latin America. Yellow Card cites Chainalysis data showing $252.5 billion in crypto activity in Brazil between July 2025 and June 2026, the largest in the region. The same report says stablecoin activity rose 495% between 2024 and 2026.
Recently, Brazil tightened its rules for virtual asset firms. GoMoney already holds a place in the transitional regime and has applied for full authorisation. That gives Yellow Card a regulated entry point, but the approval is not yet in hand.
For African businesses, the deal could open Brazil as a payment corridor. Yellow Card already offers collections and payouts across African markets.
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Last updated: November 5, 2026
