Yellow Card, a stablecoin payments company that built much of its business in Africa, announced on 4 November 2026 that it had acquired Brazilian fintech GoMoney in October. The group’s first acquisition gives it a direct operating presence in Brazil, linking local payment channels with its international settlement network.
The purchase price was not disclosed. Founded in 2018, GoMoney becomes a wholly owned Yellow Card subsidiary and will continue to be led by its founders, including chief executive Maurício Pires. The business provides a locally established virtual-asset services operation for Yellow Card’s expansion into Brazil.
Yellow Card’s corporate customers can now collect and pay out Brazilian reais through local rails, including Pix, the country’s instant payment system. The transactions can be settled in stablecoins and connected to the treasury and liquidity services the company offers across its other markets.
Expansion follows a $40 million funding round
Founded in 2016 and long focused on African markets, Yellow Card raised $40 million in August 2026 as it expanded internationally, particularly into Latin America and Asia-Pacific. The company also reports regulatory approvals or registrations in Nigeria, Ghana and Zimbabwe.
In Brazil, GoMoney has applied to the central bank for authorisation as a virtual asset service provider under Law 14,478/2022 and Resolution 519/2025. It continues to operate under the country’s transitional framework while regulators review the application.