Pag Útil
“Can a licensed payment institution become the default rail for corporate tax settlement in Brazil?”
Founded2019
HQSão Paulo, Brazil
Latest roundAcquired by Visma Group (2025)
IndustryFintech / B2B Tax Payments
The story
Pag Útil emerged in 2019 out of the Flux-IT consultancy (started 2012) as a B2B corporate digital wallet — 'Banco Útil' — purpose-built to automate the payment of Brazilian tax forms (GNRE, DIFAL, DARF, DUA), boletos, and judicial guides. Rather than compete with neobanks, it went vertical: a payment institution licensed by Banco Central that plugs into corporate ERPs and settles tributary obligations 24x7 with immediate bank receipts. In 2025 it was acquired by the Norwegian ERP group Visma alongside Dootax, positioning it as the payment rail beneath a broader tax-tech automation platform ahead of Brazil's tax reform.
Product timeline
2012
Origin as Flux-IT consultancy, precursor to Pag Útil· pivot
2019
Pag Útil founded as a corporate digital wallet for tax payments· banking
2025
Acquired by Grupo Visma (Norway) together with Dootax to form Brazil's first integrated tax automation platform· acquisition
Regulated entities
1
regulatory licence held by Pag Útil
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
2 layers disclosed in Pag Útil’s embedded-finance stack
Payments / PSP
Pag Útil (self-operated)
Banking / BaaS
in the full report
Accounting gap: minor
1 more provider across 1 layer, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.