Yellow Card, the stablecoin payments infrastructure company, has acquired GoMoney, a Brazilian virtual asset service provider (VASP), to establish direct operations in Brazil. The company announced the deal on 4 November 2026 and said it completed the acquisition in October. It did not give an exact completion date, and the financial terms were not disclosed.
What Yellow Card gets
According to Yellow Card’s release, GoMoney was founded in 2018 and will continue to be led by its founders as a wholly owned subsidiary. TechMoran places the company in São Paulo. Its chief executive, Maurício Pires, said GoMoney had spent eight years building a virtual asset service provider business in Brazil that uses stablecoins for cross-border payments.
Yellow Card says the acquisition adds local collections and disbursements in Brazilian reais, including through Pix, Brazil’s instant payment system, with settlement in stablecoins. Those services are integrated with the treasury and liquidity tools the company runs in its other markets.
The licence is still pending
GoMoney has applied to the Banco Central do Brasil (BCB) for authorisation as a VASP under Law 14,478/2022 and BCB Resolution 519/2025. While the central bank reviews the application, GoMoney operates under Brazil’s transitional regime. Yellow Card’s release says its application for full authorisation “remains subject to the BCB’s review and approval.”
A 6 November 2026 update to the BCB’s list of applicants, reproduced by the Brazilian law firm Álvaro Araujo Rocha, shows GoMoney Sociedade Prestadora de Serviços de Ativos Virtuais Ltda. with a requested modality of “corretora” (broker) and a status of “em exame” (under review). The list states that inclusion does not mean a company is authorised. This article relies on the law firm’s reproduction of the list.
Brazilian outlet Carta Circular noted that the release does not say whether the change of control was reported to the central bank, or whether it affects the application already under review. That question remains open.
Context
Yellow Card’s release cites its August 2026 $40 million financing, which included investments from Standard Chartered Bank and Sony, and recent regulatory approvals and registrations in Canada, Switzerland, Nigeria, Ghana and Zimbabwe. The company also cites Chainalysis data showing that Brazil recorded $252.5 billion in cryptocurrency activity between July 2025 and June 2026, and that stablecoin activity in Brazil rose 495% across the report’s 2024–2026 comparison period.
TechMoran described the Brazilian deal as extending Yellow Card’s reach beyond its established African markets.
Readers should watch two things: whether the BCB grants GoMoney full authorisation, and how the transitional status affects the Brazilian real-currency collections the company now offers.
Sources
- Yellow Card: Yellow Card Acquires GoMoney, Establishing Direct Operations in Brazil (company release, 4 Nov 2026)
- Carta Circular: Yellow Card compra a GoMoney, prestadora de cripto com pedido em exame no Banco Central (9 Nov 2026)
- TechMoran: Yellow Card Acquires Brazil's GoMoney, Launches in Latin America (4 Nov 2026)
- Álvaro Araujo Rocha: Prestadoras de ativos virtuais com pedido de autorização (reproduces Banco Central list, updated 6 Nov 2026)
TopicsAfrican Startups FinTech Cryptocurrency Yellow Card Acquisitions
