BHub

What BHub is, in 2026

BHub is a Brazilian SMB integrated services platform built specifically for BR-incorporated entities (MEI, ME, EPP, LTDA, SLU) wanting one platform handling business banking + bookkeeping + payroll + tax filing. Founded 2020 in São Paulo; backed by ~$30M of equity funding. Approximately 5,000 BR SMB customers as of 2026 — smaller scale than Nubank PJ (~3M business accounts) but with a structurally distinct integrated-services product surface.

Product surface: BACEN payment-institution business account with PIX + boleto + TED, integrated bookkeeping service covering Simples Nacional + Lucro Presumido + Lucro Real tax regimes, payroll module (folha de pagamento) with INSS / FGTS routing via eSocial, tax-filing service for quarterly DAS / DARF / PIS / COFINS / IRPJ / CSLL and annual filings, Mastercard business debit + virtual cards, and BPO-style dedicated-bookkeeper service tier on Enterprise.

Brazilian SMB BaaS combining banking + accounting + payroll + tax filing. BACEN payment institution — NOT FGC-protected. Closer to a US Bench equivalent than to Nubank PJ.

At a glance

Who BHub is for: Brazilian SMBs and growth-stage startups (LTDA, SLU, ME, EPP) wanting one platform handling business banking + bookkeeping + payroll + tax filing. Particularly fit for BR startups with 5-50 employees on CLT contracts where the payroll module's INSS / FGTS routing pays for the seat economics, and for BR SMBs running Lucro Presumido / Lucro Real tax regimes where the integrated tax filing is structurally valuable.

Who to avoid BHub for: MEIs (microbusiness regime) where the BRL 350/mo entry tier is over-priced versus Nubank PJ's free Conta PJ; SMBs above BRL 50K idle cash needing FGC deposit cover (Nubank PJ or Inter Empresas full-bank licences are the structural alternatives); marketplace-seller-led operations where Mercado Pago Empresas' platform integration is the deciding factor; and BR SMBs that already run Conta Azul / Omie / Tiny ERP separately and don't need an integrated platform.

Safety in one sentence: BHub operates a BACEN payment-institution licence; customer funds are segregated under payment-institution rules and are NOT covered by FGC deposit insurance (Nubank PJ / Banco Inter Empresas / C6 Bank are the structural alternatives for FGC-protected BRL operating cash).

Payment-institution structure & FGC gap

BHub operates a BACEN-authorised Instituição de Pagamento (payment institution) licence in Brazil. This is structurally distinct from full BACEN financial-institution licensees (Nubank PJ's Nu Financeira S.A., Banco Inter, C6 Bank, Banco PAN) which hold deposit-taking authorisation. Payment institutions are authorised to operate payment services, issue stored value (e-money equivalent), and acquire payment-acceptance flows, but NOT to take deposits in the legal sense or lend customer funds.

The customer-protection regime under BACEN payment-institution rules is segregation, not deposit insurance. Customer funds are held in segregated accounts at BACEN-licensed banks, ring-fenced from BHub's own balance sheet. In a BHub insolvency, the segregated balances would be returned to customers under BACEN-supervised resolution. This is materially different from FGC (Fundo Garantidor de Créditos) deposit insurance, which applies to BACEN-licensed financial institutions and provides cover up to BRL 250,000 per institution per holder with a defined payout window.

The same structural pattern applies to Mercado Pago Empresas (BACEN payment institution), Cora, and other BR payment-institution-licensed SMB platforms. For BR SMBs needing FGC-protected operating cash, the structural alternative is a chartered BR bank — Nubank PJ (Nu Financeira S.A.), Banco Inter Empresas, C6 Bank, or Banco PAN.

The integrated bookkeeping + payroll + tax filing services operate under standard BR commercial-services regulations rather than financial supervision. BHub's tax-filing module routes filings through Receita Federal portals; the payroll module routes through eSocial. These services don't create additional regulatory exposure for customer funds — the financial-services regulatory perimeter is the payment-institution licence only.

The fee schedule

The pricing inflection is around the Pro tier — for any BR SMB with 5+ CLT employees or running Lucro Presumido / Lucro Real, the BRL 850/mo Pro tier pays for itself versus separately contracting a Steuerberater-equivalent (BR Contador) for bookkeeping + payroll services (which typically runs BRL 1,500-3,500/mo). The Starter tier at BRL 350/mo is structurally over-priced for MEIs (Nubank PJ free Conta PJ + a basic Contador relationship is cheaper) and under-featured for full-accounting needs.

Hands-on notes

Onboarding for a BR LTDA or SLU clears in 2-5 business days. Required documents: CNPJ (Receita Federal company registration), Contrato Social (articles of incorporation), identity verification for each partner with 25%+ ownership, and the company's existing accounting / payroll history (BHub's bookkeeping team needs prior-period data to set up the ongoing service correctly). MEI onboarding is faster but less common — MEIs typically don't justify the BRL 350/mo entry tier.

The integrated services are BHub's structural strength. The bookkeeping team handles ongoing accounting entries from the bank-feed + uploaded receipts + invoicing flows; tax-filing happens quarterly (DAS for Simples, DARF + IRPJ + CSLL for Lucro Presumido / Real) and annually (DEFIS for Simples, ECF for Lucro Real). The payroll module integrates with eSocial for the unified federal labour / tax / social-security reporting, handling CLT contract setup, monthly payroll computation, INSS + FGTS routing, and 13th-salary + vacation-pay calculations.

Friction points: customer-support quality varies by tier — Starter tier is chat-only with variable response time; Pro tier adds priority routing; Enterprise tier ships a dedicated BPO bookkeeper. The integrated services depend on the customer providing complete + timely upstream data (receipt uploads, payroll changes, contract signings); incomplete data delays month-end close. International-payment surface is limited — for material non-BRL flows, stack a separate corresponding-bank relationship. The API surface is shallower than Nubank PJ — engineering-led startups building automated finance workflows often pair BHub's services-tier with Nubank PJ's deeper API for operational integrations.

Plan & tier comparison

Caveats

NOT FGC-protected. BACEN payment-institution licence — funds segregated, not deposit-insured. For FGC cover, pair with Nubank PJ or Banco Inter Empresas.

Not free. BRL 350/mo entry tier excludes MEIs (Nubank PJ free Conta PJ fits there). Under-featured at entry tier — full integrated services start at BRL 850/mo Pro.

BR-only. CNPJ required. International-payment surface limited; non-BRL flows stack a separate corresponding-bank relationship.

Smaller scale than Nubank PJ. ~5,000 customers vs Nubank PJ's ~3M business accounts. Smaller community + shared-knowledge resources.

Integrated services depend on upstream data. Incomplete or late receipt uploads / payroll changes / contract signings delay month-end close. The integrated-platform value compounds with disciplined operational hygiene.

BHub vs. Nubank PJ vs. Cora

BHub vs. Nubank PJ. Nubank PJ is a pure full-bank neobank (BACEN financial institution, FGC-protected, free Conta PJ). BHub is an integrated services platform (BACEN payment institution, no FGC, BRL 350-850/mo) combining banking + bookkeeping + payroll + tax filing. For pure operating-cash banking with FGC cover, Nubank PJ. For BR SMBs wanting bookkeeping + payroll + tax filing in the same platform, BHub. Many BR SMBs run both — BHub for integrated services, Nubank PJ for FGC-protected operating cash.

BHub vs. Cora. Cora is another BR payment-institution-licensed SMB neobank (no FGC), positioned more as a free / low-cost banking-first product without the integrated bookkeeping / payroll layer. For BR SMBs wanting low-cost payment-institution banking without integrated services, Cora. For BR SMBs wanting the integrated services bundle, BHub. Both lack FGC cover that Nubank PJ provides.

FAQ

Is BHub a Brazilian bank?

No. BACEN payment institution, not a full BACEN financial institution. Customer funds segregated under payment-institution rules, NOT FGC-protected.

What does BHub do that Nubank PJ doesn't?

Integrated bookkeeping + payroll + tax filing across all BR tax regimes (Simples / Lucro Presumido / Lucro Real). Nubank PJ is banking-only.

Are BHub balances FGC-protected?

No. Payment-institution licence only. For FGC cover up to BRL 250K, pair with Nubank PJ / Banco Inter Empresas / C6 Bank.

What tax regimes does BHub support?

All three major BR regimes — Simples Nacional, Lucro Presumido, Lucro Real. Quarterly + annual filings handled in-platform on Pro tier and above.

How does BHub handle payroll?

BR-standard payroll computation + INSS / FGTS / IRRF routing via eSocial. Pro tier and above. Pays for itself with 5+ CLT employees.

Can a non-BR business use BHub?

Only with BR-incorporated entity (CNPJ required). Non-BR companies typically incorporate a BR LTDA subsidiary first.

Who BHub is for

Use BHub if you run a BR-incorporated SMB or growth-stage startup (LTDA, SLU, ME, EPP) and want one platform handling business banking + Simples Nacional / Lucro Presumido / Lucro Real bookkeeping + INSS / FGTS payroll + tax filing. The structural fit is BR startups with 5-50 CLT employees where the payroll module's eSocial routing pays for the seat economics, and BR SMBs running Lucro Presumido / Lucro Real where the integrated tax filing is structurally valuable.

Use Nubank PJ if you want a free FGC-protected operating account with CDI-linked yield (Caixinhas) and Nu Invest CDB / LCI / LCA access — Nubank PJ is the pure-banking alternative without integrated services. Use Mercado Pago Empresas if your operating shape is marketplace-seller-led. Use a chartered legacy BR bank (Itaú Empresas, Bradesco PJ, Banco do Brasil PJ) if you need deeper treasury-management / commercial-credit / mortgage product depth. Pair BHub with Nubank PJ for the typical pattern — BHub for integrated services, Nubank PJ for FGC-protected operating cash.

References

Primary-source list, with capture date 2026-05-18. BHub's pricing, licence scope, and integrated-services offering shift across quarters; verify against the source URLs at decision time.

• BHub — Legal & terms
• BHub — Pricing & plans
• BACEN — Lista de Instituições de Pagamento (BR payment-institution register)
• FGC — Fundo Garantidor de Créditos (BR deposit-insurance scheme)
• Receita Federal — Simples Nacional tax regime
• Receita Federal — Lucro Presumido / Lucro Real regimes
• PIX — Banco Central do Brasil instant-payment scheme
• eSocial — INSS / FGTS payroll routing portal
• BHub — Press & customer stories
• Conta Azul — accounting integration partner
• Omie — accounting integration partner
• BHub — Developer API documentation

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