Yellow Card, a stablecoin payments company that grew up in Africa, has acquired GoMoney, a São Paulo company that uses stablecoins to move money across borders. Yellow Card announced the deal on November 4, 2026, in a release datelined Atlanta, and said the acquisition was completed in October.
The companies did not disclose terms. GoMoney is now a wholly owned subsidiary of Yellow Card and will continue to be led by its founders, including chief executive Maurício Pires. Finsiders Brasil reported that the company keeps its management structure.
The deal gives Yellow Card direct operations in Brazil less than three months after it announced its entry into the country, which it described at the time as a gateway to the rest of Latin America, Finsiders reported in August.
What GoMoney built
GoMoney, whose full legal name is GoMoney Sociedade Prestadora de Serviços de Ativos Virtuais Ltda., was founded in 2018. It is not related to the Nigerian digital bank of the same name.
According to Yellow Card's release, GoMoney lets international businesses accept payments from customers in Brazil, including through Pix, the central bank's instant payment system, and receive settlement in digital assets. Finsiders described its business as international payments, cryptocurrency exchange and a digital account.
The company has been working with dollar-linked tokens for years. In July 2019, when it was described as a cryptocurrency trading platform, GoMoney launched GoMoney Coin, a virtual currency pegged to the US dollar that the company promised to buy back at the dollar rate, Money Times reported. It was open to both individuals and companies.
GoMoney has applied to the Banco Central do Brasil for authorization as a virtual asset service provider under Law No. 14,478 of 2022 and the central bank's Resolution No. 519 of 2025. It operates under the country's transitional regime while the application is reviewed; the authorization has not yet been granted. The release did not give GoMoney's customer numbers or headcount.
“Building global financial infrastructure requires compliance with local frameworks, local payment rails, and local expertise and relationships to operate effectively.”
Why Yellow Card is buying
Chris Maurice, Yellow Card's co-founder and chief executive, said that running global financial infrastructure depends on local rules, local payment systems and local relationships. He said GoMoney had spent eight years building a base in Brazil and that combining the two businesses would help Yellow Card serve customers and pursue its longer-term plans.
Through GoMoney, Yellow Card's clients will be able to collect and pay out Brazilian reais, including via Pix, and settle in stablecoins, using a provider established in the country and linked to Yellow Card's treasury and liquidity services.
Pires said GoMoney had spent the same eight years building a stablecoin-based cross-border payments business in Brazil, much as Yellow Card had done in Africa and elsewhere, and that he expected to grow the business in Brazil and across Latin America. Yellow Card said it will concentrate on deepening its presence in strategic markets, adding product capabilities and strengthening partnerships.
Yellow Card's backers
Yellow Card is led by Maurice; Justin Poiroux, a co-founder, is its chief technology officer, and Hugo Rodrigues is vice president and head of Latin America, according to Finsiders. The company once served consumers in about 20 African countries, Daba Finance reported in 2024, but now sells to financial institutions, fintechs and multinational businesses, helping them get access to US dollars, manage treasury and send money across borders in more than 50 currencies.
In October 2024 it raised a $33 million Series C led by Blockchain Capital, bringing its total funding at the time to $88 million, Daba Finance reported. In August 2026 it raised $40 million in a round that, according to the release, included Standard Chartered Bank and Sony. Tupi.fm, carrying a translated Business Wire release, listed SC Ventures, Sony Innovation Fund, Polychain Capital and Blockchain Capital among the investors and put the company's total equity funding above $120 million.
Yellow Card has said it holds licences, authorizations or registrations in 22 jurisdictions, with recent approvals in Canada, Switzerland, Nigeria, Ghana and Zimbabwe. It has handled more than $10 billion in transactions; Finsiders reported that figure as covering the past 12 months.
Brazil's stablecoin market
Yellow Card is entering Latin America's largest crypto market. Citing Chainalysis, the release said Brazil recorded $252.5 billion in cryptocurrency activity between July 2025 and June 2026, and that stablecoin activity in the country rose 495% over the 2024 to 2026 comparison period, driven in part by businesses using stablecoins for cross-border transfers and liquidity management.
Brazil is also tightening its rules. Under the central bank's new framework, crypto service providers must obtain authorization to operate, and GoMoney's pending application means Yellow Card's Brazilian business still depends on that approval.
