StoneX to Acquire Banco Travelex in Brazil
StoneX Group (NASDAQ: SNEX) has signed a definitive agreement to acquire Banco Travelex S.A., Brazil’s first bank focused exclusively on foreign exchange and regulated by the Central Bank of Brazil. The combined operation is expected to handle approximately US$6 billion in annual volume across about 20,000 clients.
According to StoneX, the deal is intended to expand its global payments and FX capabilities and allow its worldwide clients to hold local and foreign currency bank accounts in Brazil, as well as extend wholesale banknote trading. After closing, StoneX plans to add Brazilian banking products such as non-resident accounts, proprietary PIX access, internet and mobile banking, and new settlement capabilities. The transaction covers only Banco Travelex S.A., excluding its retail FX stores and Confidence-linked service points, and is expected to close within 12 months, subject to Central Bank approval and customary conditions.
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Positive
- Combined StoneX–Banco Travelex operation expected to handle US$6 billion in annual volume across about 20,000 clients
- Acquisition adds Brazilian bank accounts, PIX, and digital banking products to StoneX’s global payments platform
- Deal strengthens StoneX’s licensed, in-country payments infrastructure strategy across Latin America, according to the company
- Banco Travelex brings a regulated FX and international payments platform operating since 2010
- Banco Travelex obtained authorization as a multiple-service bank in December 2024, expanding product capabilities StoneX can leverage
Negative
- Transaction closing is subject to Central Bank of Brazil approval and other customary conditions
- Expected closing timeline of up to 12 months may delay realization of planned capabilities
- Acquisition excludes Banco Travelex’s retail FX operations, physical stores, and Confidence-linked service points, limiting scope of assets acquired
The signed deal has no disclosed price or dilution terms, leaving its cash and ownership effect on existing holders unquantified.
StoneX has signed an agreement to acquire Banco Travelex, but the transaction remains subject to Central Bank approval and customary closing conditions; the release discloses no purchase price, consideration, or dilution terms, so its cash and ownership effect on existing StoneX holders cannot be assessed.
Integration is expected to occur gradually without service interruption, with each stage communicated to clients as it advances.
Annual volume
approximately US$6 billion
Combined operation
Client base
approximately 20,000 clients
Combined operation
Global coverage
more than 180 countries
StoneX foreign exchange and cross-border payment business
Currency coverage
140 currencies
StoneX foreign exchange and cross-border payment business
Expected closing timeline
within 12 months
Subject to Central Bank of Brazil approval and customary conditions
Bank authorization
December 2024
Banco Travelex authorization as a multiple-service bank
Platform operating history
since 2010
Banco Travelex
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Mar 31 | Positive | +3.5% |
WCSI acquisition expanded StoneX Payments’ wholesale banknotes capability and cross-border payments ecosystem |
|
| Nov 03 | Positive | -5.7% |
Plantureux acquisition strengthened StoneX’s French agricultural commodities presence and European footprint |
|
| Sep 04 | Positive | +0.4% |
Right Corporation acquisition added physical meat trading and international reach |
|
| Aug 05 | Positive | -1.3% |
Benchmark acquisition expanded investment banking, equity research, and institutional trading capabilities |
|
| Jul 31 | Positive | -0.3% |
R.J. O’Brien acquisition expanded multi-asset capabilities and non-bank FCM scale |
StoneX’s acquisition announcements produced mixed outcomes: two aligned positive reactions and three divergences, including -5.69%; acquisition history did not show a consistent direction.
foreign exchange
financial
“Brazil’s first bank dedicated exclusively to foreign exchange operations”
Foreign exchange is the process of swapping one country’s money for another’s, like exchanging dollars for euros when traveling. It matters because it determines how much your money is worth in another country, affecting prices, investments, and international trade. This system helps businesses and governments buy and sell across borders smoothly.
ndfs
financial
“portfolio in spot FX, international payments and receivables, and NDFs.”
Non-deliverable forwards (NDFs) are privately negotiated foreign exchange contracts that lock in an exchange rate for a future date but settle only the net difference in a freely traded currency instead of exchanging the actual restricted currency. Think of it as agreeing today on a future price for a currency and paying only the gain or loss in cash rather than swapping notes. Investors use them to manage or express views on currency exposure when the underlying currency cannot be freely traded, which affects reported cash flows, risk profile, and hedging strategies.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Acquisition accelerates StoneX’s expansion in global payments. Combined operation expected to handle approximately US
SÃO PAULO, Aug. 12, 2026 (GLOBE NEWSWIRE) — StoneX Group Inc. (“StoneX”; NASDAQ: SNEX) today announced that it has entered into a definitive agreement to acquire Banco Travelex S.A. (“Banco Travelex”), Brazil’s first bank dedicated exclusively to foreign exchange operations regulated by the Central Bank of Brazil. The acquisition accelerates StoneX’s plans to serve Brazilian companies and investors through an increasingly robust financial platform.
The transaction is expected to significantly expand StoneX’s global payments capabilities and strengthen its presence in one of Latin America’s largest foreign exchange markets. It will also allow StoneX’s global client base to hold local and foreign currency bank accounts in Brazil, as well as extend the Company’s wholesale banknote trading services.
Upon completion of the transaction, StoneX’s foreign exchange and cross-border payment business, which operates in more than 180 countries and 140 currencies, will begin adding banking products in Brazil, including non-resident accounts, proprietary PIX (Brazil’s instant payment system), internet and mobile banking, and new financial settlement capabilities. The acquisition complements StoneX’s existing portfolio in spot FX, international payments and receivables, and NDFs.
“This transaction reinforces StoneX’s commitment to long-term growth and investment in Brazil and expands the possibilities for our clients in global payments, building an increasingly complete ecosystem supported by local, specialized service,” said Glauco Monte, CEO of StoneX Brazil.
Thiago Vieira, Global Head of StoneX Payments, added: “Together with our recent strategic investment in Bamboo Payments, this transaction advances StoneX’s strategy to expand its licensed, in-country payments infrastructure across Latin America. Brazil has long been central to that strategy, serving as a blueprint for the continued expansion of our regulatory footprint across emerging markets. We look forward to bringing StoneX Payments’ global reach to Banco Travelex’s customers, while extending Banco Travelex’s exciting new capabilities to our growing client base of financial institutions, international corporates and global merchants.”
Operating since 2010, Banco Travelex has built a regulated foreign exchange and international payments platform recognized by the market, serving both individuals and businesses. In December 2024, it was authorized by the Central Bank to operate as a multiple-service bank (banco múltiplo).
“We built Brazil’s first foreign exchange bank and, at the end of 2024, obtained authorization to operate as a multiple-service bank. Joining that trajectory with StoneX’s global reach is the natural next step: more capability for our clients, with the same specialization and proximity that brought us here. The transaction with StoneX reflects the strategic fit between the two platforms,” said Ana Tena, CEO of Banco Travelex.
The acquisition covers Banco Travelex S.A. exclusively and is expected to close within 12 months, subject to approval by the Central Bank of Brazil and customary closing conditions. Banco Travelex’s retail foreign exchange operations, physical stores, and service points linked to Confidence are not part of the transaction and will continue to operate independently and may retain the Travelex Confidence brand.
Integration will take place gradually, with no service interruption, preserving existing relationships; each stage will be communicated to clients as the process advances.
About StoneX Group Inc.
StoneX Group Inc., through its subsidiaries, operates a global financial services network that connects companies, organizations, traders and investors to the global market ecosystem through a unique blend of digital platforms, end-to-end clearing and execution services, high touch service and deep expertise. The Company strives to be the one trusted partner to its clients, providing its network, product and services to allow them to pursue trading opportunities, manage their market risks, make investments and improve their business performance. A Fortune-500 company headquartered in New York City and listed on the Nasdaq Global Select Market (NASDAQ:SNEX), StoneX Group Inc. and its more than 5,200 employees serve more than 80,000 commercial, institutional, and payments clients, and more than 400,000 retail accounts, from more than 80 offices spread across six continents. Further information on the Company is available at www.stonex.com.
About Banco Travelex
Brazil’s first bank specialized in foreign exchange, approved by the Central Bank of Brazil and authorized to operate as a multiple-service bank since December 2024, Banco Travelex provides financial solutions to companies and individuals with international needs. Rated BBB (bra) (Investment Grade) by Fitch, with an NPS of 90, it combines FX expertise, banking infrastructure, and advisory service for foreign trade and international payments.
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FAQ
What is StoneX (NASDAQ: SNEX) acquiring with the Banco Travelex deal announced in August 2026?
StoneX is acquiring Banco Travelex S.A., Brazil’s first bank dedicated exclusively to foreign exchange operations. According to StoneX, the acquisition targets Banco Travelex’s regulated FX and international payments platform, not its separate retail FX stores or Confidence-linked service points.
How will the Banco Travelex acquisition impact StoneX’s Brazil payments and FX business (SNEX)?
The acquisition is expected to significantly expand StoneX’s global payments and FX capabilities in Brazil. According to StoneX, the combined operation should handle about US$6 billion in annual volume across roughly 20,000 clients, while adding banking products and settlement capabilities in the Brazilian market.
When is StoneX’s acquisition of Banco Travelex expected to close?
The Banco Travelex acquisition is expected to close within 12 months of the August 12, 2026 announcement. According to StoneX, completion depends on approval by the Central Bank of Brazil and other customary closing conditions before integration proceeds gradually.
Does the StoneX–Banco Travelex transaction include Travelex retail foreign exchange stores and Confidence service points?
The transaction covers only Banco Travelex S.A. and excludes its retail FX operations, physical stores, and Confidence-linked service points. According to StoneX, those excluded businesses will continue operating independently and may retain the Travelex Confidence brand after the acquisition closes.
What new services will StoneX offer in Brazil after acquiring Banco Travelex (SNEX)?
After completion, StoneX plans to add banking products in Brazil such as non-resident accounts, proprietary PIX, internet and mobile banking, and new settlement capabilities. According to StoneX, these services will complement its existing spot FX, international payments, receivables, and NDF offerings.
How large is the combined StoneX and Banco Travelex payments operation expected to be?
The combined operation is expected to handle approximately US$6 billion in annual volume across about 20,000 clients. According to StoneX, this scale reflects the integration of its global payments business with Banco Travelex’s established FX and international payments platform in Brazil.
What regulatory approvals are required for StoneX’s acquisition of Banco Travelex in Brazil?
The acquisition requires approval from the Central Bank of Brazil before closing. According to StoneX, the deal is also subject to customary closing conditions, and integration of services will occur gradually once all required regulatory clearances are obtained.