BYX acquires Nvio to expand beyond payroll loans

Brazilian credit fintech BYX Capital acquired Nvio, Bitso‘s licensed payment entity in Brazil, for an undisclosed amount. The transaction is pending Central Bank approval for the change of ownership.

BYX operates as a banking correspondent, acting as an intermediary for financial services and offering structured payroll credit and securitization solutions for fintechs, banks, and financial institutions. Nvio is an authorized direct credit society regulated by Brazil’s Central Bank.