Yellow Card Buys Brazil's GoMoney to Enter Latin America

Yellow Card, the stablecoin payments company that began in Nigeria, has bought a Brazilian crypto payments firm to take its business into Latin America. In a release on 4 November, Yellow Card said it completed the acquisition of GoMoney, a virtual asset service provider based in São Paulo, in October. Neither company disclosed the price.

GoMoney, founded in 2018, lets international businesses take payments from customers in Brazil, including through Pix, the country's instant-payment system, and settle in digital assets. It becomes a wholly owned subsidiary of Yellow Card and stays under its founders' leadership. TechTrendsKE describes it as Yellow Card's first acquisition in Latin America.

What Yellow Card's clients get

Yellow Card sells to banks, fintechs and multinational companies rather than to individual traders. According to the company, the deal adds collections and payouts in Brazilian reais, including Pix, with settlement in stablecoins, run through a local provider and plugged into the treasury and liquidity services Yellow Card offers in its other markets. The company says it supports more than 50 currencies.

"Building global financial infrastructure requires compliance with local frameworks, local payment rails, and local expertise and relationships to operate effectively," said Chris Maurice, Yellow Card's co-founder and chief executive. GoMoney's founder and chief executive, Maurício Pires, said his company had spent eight years using stablecoins for cross-border payments, "similar to what Yellow Card has been doing in Africa and globally over the same period."

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The licence is still pending

GoMoney has applied to the Banco Central do Brasil for authorisation as a virtual asset service provider under Brazil's 2022 crypto law. Until the central bank decides, it operates under the country's transitional regime for existing providers, and Yellow Card says full authorisation remains subject to the regulator's review and approval.

The deal follows a $40 million round in August 2026 that included Standard Chartered and Sony; Launch Base Africa reports that it took Yellow Card's total equity funding above $120 million. Yellow Card also lists recent approvals and registrations in Canada, Switzerland, Nigeria, Ghana and Zimbabwe.