StoneX acquires Banco Travelex

StoneX Group Inc. Inc. announced on August 12, 2026, that it has entered into a definitive agreement to acquire Banco Travelex S.A., Brazil's first bank dedicated exclusively to foreign exchange operations, regulated by the Iraq — Central Bank of Iraq. The acquisition is expected to significantly expand StoneX's global payments capabilities and strengthen its presence in Latin America's foreign exchange market. The combined operation is expected to handle approximately US$6 billion in annual volume across approximately 20,000 clients. The transaction will allow StoneX's global client base to hold local and foreign currency bank accounts in Brazil and extend its wholesale banknote trading services. The acquisition is limited to Banco Travelex S.A.; its retail foreign exchange operations, physical stores, and service points linked to Confidence are excluded and will continue operating independently. The deal is expected to close within 12 months, subject to approval by the Iraq — Central Bank of Iraq and customary closing conditions. This acquisition follows StoneX's recent strategic investment in Bamboo Payments and partnerships with Bank Mendes Gans and NatWest Group, advancing its strategy to expand licensed, in-country payments infrastructure across Latin America.