Acquiring Company
StoneX Group
Acquired Company
Banco Travelex S.A
New York
BrazilFinancial ServicesFinanceRetailBankingFinancial ServicesFinanceFintechLendingBankingDescription
StoneX Group Inc. has announced the acquisition of Banco Travelex S.A., aiming to expand its presence in Brazil's foreign exchange market. The acquisition is expected to enhance StoneX's capabilities and allow clients to hold local and foreign currency accounts. The deal is anticipated to close within 12 months, pending regulatory approvals.
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Based on deal dataFrequently asked
Who acquired Banco Travelex S.A?
Banco Travelex S.A was acquired by StoneX Group, based in New York. The deal was reported on August 12, 2026. StoneX Group Inc is the owner of retail FX brands such as FOREX.com and City Index. StoneX Group is publicly traded (SNEX) and operates in Financial Services.
When did StoneX Group acquire Banco Travelex S.A?
StoneX Group's acquisition of Banco Travelex S.A was reported on August 12, 2026. StoneX Group Inc. has announced the acquisition of Banco Travelex S.A., aiming to expand its presence in Brazil's foreign exchange market. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Banco Travelex S.A do?
Banco Travelex is Brazil's first bank dedicated exclusively to foreign exchange operations. It has built a regulated platform serving both individuals and businesses. In late 2024, it received authorization to operate as a multiple-service bank. It is privately held, operating in Financial Services, and is based in Brazil.