Markets · Stablecoins
Yellow Card says it completed its purchase of GoMoney, a Brazilian digital-asset payments firm, in October. Brazil's central bank is still reviewing GoMoney's application for full authorization.
Yellow Card says it completed its acquisition of GoMoney, a Brazilian firm that handles digital-asset payments, in October, and announced the deal on Nov. 4 [1]. GoMoney's application to Banco Central do Brasil, Brazil's central bank, for authorization as a virtual asset service provider, the legal category for such firms, "remains subject to the BCB's review and approval," Yellow Card says; meanwhile GoMoney "continues to operate under Brazil's transitional regime" [1]. Yellow Card did not disclose a price [1].
Yellow Card describes itself as "a leading global Stablecoin payments infrastructure provider" [1]. Stablecoins are digital tokens designed to hold a steady value, usually against a currency such as the dollar. GoMoney, founded in 2018, has spent eight years "focused on using Stablecoins as a means of effecting cross-border payments," GoMoney founder and chief executive Maurício Pires says in the release, "similar to what Yellow Card has been doing in Africa and globally over the same period" [1].
Yellow Card says the deal gives its clients "local collections and disbursements in Brazilian reais, including through Pix," Brazil's instant-payment system, "and settlement in stablecoins," tied into the treasury and liquidity services it offers in other markets [1]. GoMoney's application was filed under Law No. 14,478/2022 and BCB Resolution No. 519/2025, Yellow Card says [1]. GoMoney will remain a wholly owned subsidiary led by its founders [1].
| Yellow Card and GoMoney, by Yellow Card's account | Figure |
|---|---|
| GoMoney founded | 2018 |
| Deal completed | October 2026 |
| Yellow Card financing, August 2026 | $40 million |
| Countries with recent approvals or registrations (Le Coin's count) | 5 |
| Deal price | Not disclosed |
Source: Yellow Card, Nov. 4, 2026 [1]. Table: Le Coin.
Yellow Card says the August financing included investments from Standard Chartered Bank and Sony, and lists its recent regulatory approvals and registrations as Canada, Switzerland, Nigeria, Ghana and Zimbabwe [1]. "Building global financial infrastructure requires compliance with local frameworks, local payment rails, and local expertise and relationships to operate effectively," co-founder and CEO Chris Maurice says [1].
The release presents the deal as establishing "direct operations in Brazil," while the same release says GoMoney still operates under the transitional regime and its full authorization is before the central bank [1]. The release gives no GoMoney volumes, revenue or client counts [1].
In Le Coin's view, Yellow Card has bought a Brazilian business before Brazil's central bank has ruled on that business's application for full authorization. The decision on GoMoney's application is the date that matters.
Holding the Corner.
Not financial advice.