BYX buys stakes in two fintechs, hits R$500M in monthly credit origination

What's the deal? BYXDealroom has a profile for this one. Try Dealroom → has acquired two Brazilian fintechs for undisclosed sums, taking a 70% stake in fraud monitoring firm E-RiskDealroom has a profile for this one. Try Dealroom → and a 90% stake in credit marketplace AcredityDealroom has a profile for this one. Try Dealroom →. The company now originates nearly R$500 million per month in credit.

What does each do? E-Risk specialises in security and fraud monitoring, while Acredity runs a marketplace platform for retail credit.

Why now? The acquisitions follow a shift in BYX's ownership. Earlier this year, its controlling shareholders bought back a 33% stake previously held by Banco PineDealroom has a profile for this one. Try Dealroom →.

The signal: By pairing a fraud-monitoring capability with a retail credit marketplace, BYX is building out both the risk and distribution sides of its lending operation — a bet on scaling origination while keeping defaults in check.

Read more: valor.globo.com

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