Finance News
By Maheen Hernandez
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What StoneX Gets From the Deal. Once the acquisition closes, StoneX plans to roll out resident and non-resident currency accounts,…
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What's Excluded — and Why That Matters. Worth being clear on what StoneX isn't getting. The acquisition excludes Banco Travelex's retail…
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StoneX's Broader Acquisition Track Record. StoneX has done this before. In 2020, it acquired GAIN Capital, pulling FOREX.
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StoneX Group is buying Banco Travelex S.A. Deal's been confirmed. The target is a Brazilian bank that's spent over a decade building foreign exchange and international payments…
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Banco Travelex has been running in Brazil since 2010. It serves businesses and individuals with FX and cross-border payment services, and it's not a small player — the Central…
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Once the acquisition closes, StoneX plans to roll out resident and non-resident currency accounts, PIX payments, internet and mobile banking, and expanded settlement services.
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The deal also ties into StoneX's non-deliverable forwards and receivables businesses. Those aren't exactly household terms, but they're core to how large institutions manage…
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And it's not StoneX's first move in this direction. The company partnered with Bank Mendes Gans in 2025 to strengthen its cross-border payments network, which by then covered…
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That separation is probably deliberate. StoneX isn't trying to compete in consumer retail FX — it's going after the wholesale and institutional side of the market.
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The transaction needs approval from the Central Bank of Brazil before it can close, along with other standard conditions.
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StoneX has done this before. In 2020, it acquired GAIN Capital, pulling FOREX.com and City Index into its retail segment.
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Brazil is a serious target. Latin America's financial markets have drawn sustained interest from global institutions over the past several years, and Brazil sits at the center of…
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StoneX's existing network already spans 180-plus countries. But having a licensed bank on the ground in Brazil is different from just routing payments through it.
The Currency Analytics
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