BYX
BYX is a Brazilian fintech providing white-label credit infrastructure ("Product as a Service") for payroll-deducted loans and benefit cards. It serves 40+ financial institutions including BTG Pactual, Itaú, Caixa, and XP with origination, anti-fraud, processing, and portfolio intermediation capabilities.
- Company typePrivate
- Founded2021
- HeadquartersSão Paulo, Brazil
- Headcount101–250
- GTM typeB2B
- OfferingSoftware
What BYX does
BYX is a Brazilian fintech founded around 2021 and headquartered in São Paulo that operates a white-label "Product as a Service" (PaaS) platform for credit origination, with particular depth in crédito consignado (payroll-deducted loans) and benefit card programs. The company serves 40+ financial institution partners, including tier-1 Brazilian banks such as BTG Pactual, Caixa Econômica Federal, Itaú Unibanco, XP Investimentos, BRB, Daycoval, Inbursa, and Banese, as well as fintechs (Celcoin, QITECH, Pine), credit unions (Facta), and corporate employers (Vale). End customers access BYX-powered products through the partner's own brand channels, making this a B2B2C distribution model rather than a direct-to-consumer offering.
BYX's technology stack spans the full credit lifecycle: white-label origination with partner APIs, WhatsApp-based self-contractation (autocontratação), transactional anti-fraud, card embossing and shipping, card processing, integration with margin verification systems (averbadoras), BIN sponsorship or own-license capability, financial reconciliation for convênios, and a portfolio intermediation platform covering pre-cessão, cessão, and pós-cessão stages. The platform is ISO/IEC 27001 and ISO/IEC 27701 certified, and BYX is a member of ABCD (Associação Brasileira de Crédito Digital). A developer portal is maintained at byx.readme.io for partner integration.
The company's revenue model combines subscription-based platform fees with transaction and processing fees, monetizing across loan originations, card transactions, anti-fraud checks, embossing, and reconciliation volumes. In 2024, BYX expanded its scope materially through the acquisition of Nvio, a licensed Sociedade de Crédito Direto (SCD), which added direct-lending capability under BYX's own regulatory license, and the acquisition of Bitso's credit fintech, which broadened the platform beyond consignado into adjacent digital credit products. BYX also operates a sub-brand called BYX Capital focused on capital markets and the Consignado CLT opportunity. The company is led by CEO Fernando Perrelli and operates under two legal entities: Grupo BYX (CNPJ 42.603.664/0001-95) and BYX Tech (CNPJ 55.263.911/0001-01).
BYX firmographics
Firmographics- Name
- BYX
- Legal name
- GRUPO BYX
- Website
- https://byx.com.br
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- BYX is a Brazilian fintech providing white-label credit infrastructure ("Product as a Service") for payroll-deducted loans and benefit cards. It serves 40+ financial institutions including BTG Pactual, Itaú, Caixa, and XP with origination, anti-fraud, processing, and portfolio intermediation capabilities.
- Ownership category
- akta.pro rank
BYX industry classification
Industry- Product category
- Credit Origination and Lending Infrastructure Software
- NAICS
- Credit Card Issuing (522210), Software Publishers (5132)
- SIC
- Personal Credit Institutions (6141), Services-Computer Programming, Data Processing, Etc. (7370)
- akta.pro primary industry
- Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure (FSAGABAE)
- akta.pro secondary industries
- Embedded Card Issuing & Card-as-a-Service (FSAGALAC), Consumer Credit Decisioning & Underwriting Platforms (FSAKAKAG)
Keywords
Where BYX is headquartered
LocationHeadquarters
- HQ city
- São Paulo
- HQ country
- Brazil
- HQ region
- Latin America
Offices1 record
Markets served
BYX business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales, Supply Chain
Revenue model
- White-Label Platform-as-a-Service (PaaS): BYX charges financial institutions a platform fee for access to its white-label credit origination and payment infrastructure. This is the primary revenue stream, billed as a recurring service fee. The model combines elements of subscription (platform access) and usage-based revenue (transaction processing volume). The company emphasizes 'Product as a Service' (PaaS), indicating a recurring subscription component for technology infrastructure.
- Transaction and Processing Fees: Revenue is generated per transaction processed through BYX's platform — including loan originations, card transactions, anti-fraud checks, reconciliation operations, and embossing/card issuance. Volume scales with partner origination activity and card program size.
- Acquisition of SCD Nvio and Credit Portfolio Monitoring: Following the acquisition of Sociedade de Crédito Direto (SCD) Nvio, BYX expanded to include direct lending operations, adding interest income from credit portfolios under its own SCD license to the revenue mix. The company also monitors R$ 18 billion in credit consignado, generating platform and intermediation fees.
Go-to-market motion3 records
Distribution channels4 records
Marketing channels5 records
BYX product offering
Product offeringCore offering
BYX provides a white-label "Product as a Service" (PaaS) technology platform for Brazilian financial institutions to originate, process, and monitor payroll-deducted credit (crédito consignado) and benefit card products under their own brand. The platform covers the full credit lifecycle—including origination, anti-fraud, card processing and embossing, financial reconciliation, margin verification integration, and customer service—delivered as embedded infrastructure rather than standalone software licenses.
Product overview
BYX operates as a B2B fintech offering a unified Product as a Service (PaaS) platform for credit origination and white label payment infrastructure. The core offering consists of a White Label Origination Platform with APIs that enables companies to launch financial products under their own brand. The platform is complemented by multiple integrated service modules including: self-contracting via WhatsApp, customer service and retention center (SAC/WhatsApp), transactional anti-fraud, invoice issuance, card embossing and shipping, card processing, margin verification system integration, BIN sponsorship services, and financial reconciliation for agreements. BYX also provides a dedicated platform for intermediating payroll-deducted loan portfolios between originators and funding parties, covering the full lifecycle from pre-cessão through cessão to pós-cessão. The portfolio includes white label infrastructure solutions for both originators and capital allocators.
Differentiator
Problem solved
Functional benefit
Brands
- BYX Capital: BYX's business unit focused on capital and credit market operations, projecting Consignado CLT reaching R$ 20 billion per month.
Products and services
- White-Label Credit Origination Platform End-to-end digital platform enabling financial institutions to originate payroll-deducted credit (crédito consignado) and benefit card products under their own brand, with APIs for partner integration and full lifecycle management from application to post-sale monitoring.
- Portfolio Intermediation Platform Platform for intermediating payroll-deducted credit portfolios between cedente (originator) and cessionário (funding party), covering analysis, pricing, and portfolio management across pre-assignment, assignment, and post-assignment stages including securitization integration.
- WhatsApp Self-Contractation (Autocontratação) WhatsApp-based self-contractation flow that enables end consumers to apply for credit products directly through messaging, reducing friction and accelerating conversion for partner institutions' credit products under the partner's own branding.
- Direct Lending via SCD Nvio Direct credit offerings under BYX's own Sociedade de Crédito Direto license, extending the platform beyond pure-play infrastructure into direct lending to consumers and micro/small enterprises, particularly in the Consignado CLT market.
Quantifiable outcome
- BYX projects monitoring R$ 18 billion in credit consignado operations by end of year, reflecting its scale as a credit infrastructure intermediary.
- +1 more outcomes
Companies that use BYX
Customer profileNamed customers19 records
Segments3 records
Ideal customer profiles3 records
BYX technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Feature10 records
BYX partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered core and minor.
- BTGPactualcoreBTGPactual uses BYX's white-label credit infrastructure to offer consignado credit products and benefit cards under its own brand. BYX provides the full technology stack including origination platform, anti-fraud, card processing, and customer service capabilities.
- Caixa Econômica FederalcoreCaixa, Brazil's largest state-owned bank, uses BYX's white-label platform for credit consignado operations. The partnership enables Caixa to leverage BYX's infrastructure for faster product deployment and operational efficiency.
- Itaú UnibancocoreItaú Unibanco leverages BYX's white-label credit infrastructure for consignado and benefit card offerings, using BYX's technology stack to power the product lifecycle under Itaú's brand.
- XP InvestimentoscoreXP Investimentos uses BYX's white-label platform to offer credit products to its customer base, integrating BYX's credit origination and monitoring infrastructure.
- PinecoreBanco Pine has a strategic relationship with BYX, where BYX accelerates the credit origination pipeline for individuals at Pine. BYX holds a minority equity stake in Pine's credit operations. BYX also acquired Pine's associated credit technology platform.
- ValecoreVale partners with BYX to offer credit products to its employees using BYX's white-label infrastructure, enabling the mining giant to provide financial benefits through a digital-first credit offering.
- QITECHcoreQITECH serves as a technology and integration partner within the BYX ecosystem, likely providing complementary infrastructure components for payment processing, regulatory compliance, or digital banking capabilities.
- ABCD (Associação Brasileira de Crédito Digital)coreBYX joined ABCD as its newest member. ABCD is Brazil's primary digital credit industry association, representing fintechs and digital lenders. Membership requires adherence to ABCD's Code of Ethics and Self-Regulation, positioning BYX within the formal industry governance framework.
- Nvio (Sociedade de Crédito Direto)coreBYX acquired Nvio, a licensed Sociedade de Crédito Direto (SCD), significantly expanding BYX's capabilities to include direct lending operations under its own regulatory license, beyond the pure-play infrastructure model.
- BitsominorBYX acquired Bitso's credit fintech division, expanding its operations beyond consignado into broader digital credit. This acquisition brings new credit products and customer segments under BYX's platform umbrella.
Scale indicators4 records
Recent moves7 records
Expansion highlights6 records
BYX competitors and assessment
Company assessmentEmerging players
- Belvo: LatAm open banking and financial data infrastructure platform enabling credit underwriting and account aggregation. Comparable as a fintech infrastructure layer in Brazil and Mexico, with partial overlap in credit decisioning data flows.
- Celcoin: Brazilian fintech infrastructure platform focused on Pix, open finance, and embedded banking for B2B partners. Listed as a BYX integration partner; serves a similar institutional customer base with overlapping payment-rail capabilities.
- Avista (formerly MovilePay/Mercantil): Brazilian credit and capital-markets infrastructure platform serving originators and investors in the credit consignado ecosystem. Most directly comparable peer in the consignado portfolio intermediation and cedente/cessionário workflow that BYX Capital is building.
Direct peers
- Pismo: Brazil-based (now Visa-owned) cloud-native payment and banking processing platform providing issuer and acquirer processing infrastructure. Competes in the card-processing and core-banking-infrastructure layers that overlap with BYX's processadora de cartão and BIN sponsor modules.
- Pomelo: Latin American card-as-a-service and banking infrastructure platform enabling financial institutions to launch credit and payment products. Targets the same white-label embedded-finance use case as BYX across the region.
- QI Tech: Brazilian fintech infrastructure provider offering embedded banking, card-as-a-service, and credit orchestration APIs to financial institutions. Operates a closely analogous B2B2C white-label model serving banks and fintechs, with overlap in card processing and BIN sponsorship capabilities.
Broad incumbents
- Mambu: Global cloud banking and core-banking-as-a-service platform enabling lenders and fintechs to launch credit products at scale. Comparable as an enabling infrastructure layer for embedded credit, though broader and global rather than Brazil-specific.
- Stone Co. Major Brazilian payments and banking platform serving SMBs with acquiring, issuing, and digital account products. A much larger incumbent whose issuing and credit infrastructure overlaps conceptually with BYX's white-label stack, though at significantly greater scale.
- PagBank PagSeguro: Large Brazilian digital payments and banking platform offering acquiring, issuing, and credit products. Comparable as a broad incumbent in Brazilian embedded finance, though predominantly direct-to-merchant rather than white-label infrastructure.
- Dock: Major Brazilian card processor and payments infrastructure provider serving banks and fintechs with card issuing, processing, and digital account capabilities. A larger, broader incumbent whose product portfolio overlaps significantly with BYX's card-issuing and processing modules.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
BYX social profiles
Digital presenceBYX compliance and trust
Trust signalCompliance4 records
BYX financial estimates
Financial estimateRevenue estimate
Valuation estimate
BYX leadership team
Management profileNumber of profiles
Profiles1 record
BYX subsidiaries and ownership
Company hierarchySubsidiaries1 record
BYX funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
BYX M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about BYX
What does BYX do?
BYX provides a white-label "Product as a Service" (PaaS) technology platform for Brazilian financial institutions to originate, process, and monitor payroll-deducted credit (crédito consignado) and benefit card products under their own brand. The platform covers the full credit lifecycle—including origination, anti-fraud, card processing and embossing, financial reconciliation, margin verification integration, and customer service—delivered as embedded infrastructure rather than standalone software licenses.
Is BYX a public or private company?
BYX is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was BYX founded?
BYX was founded in 2021. It employs 101 to 250 people.
Where is BYX based?
BYX is headquartered in São Paulo, Brazil, in the Latin America region.
How does BYX make money?
Three revenue lines are on record. White-Label Platform-as-a-Service (PaaS) is the primary driver. The others are transaction and Processing Fees and acquisition of SCD Nvio and Credit Portfolio Monitoring.
Who are BYX's main competitors?
Emerging players on record are Belvo, Celcoin and Avista (formerly MovilePay/Mercantil). Direct peers are Pismo, Pomelo and QI Tech. Broad incumbents are Mambu, Stone Co., PagBank PagSeguro and Dock.
Does BYX have an API?
Yes. BYX provides developer API documentation for partner and developer integration. The developer portal is accessible at byx.readme.io. Specific API details such as type (REST, GraphQL, webhooks), authentication methods, rate limits, versioning, or sandbox availability are not specified in the available sources. Developer documentation is at byx.readme.io.
What industry is BYX in?
BYX's product category is Credit Origination and Lending Infrastructure Software. Its primary akta.pro industry code is FSAGABAE, Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure, with a secondary code of FSAGALAC, Embedded Card Issuing & Card-as-a-Service. Its NAICS code is 522210 and its SIC code is 6141.