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Bhub Secures $20M To Become Latam Companies’ Back-Office Administrator

Bhub Secures $20M To Become Latam Companies’ Back-Office Administrator

12/14/21, 10:00 AM
Money raised
$20 million
BHub announced Tuesday that it took in a new round of capital just three months after receiving $4.4 million in pre-seed investment to offer full back-office SaaS for small and medium businesses in Latin America.

Company Info

Company
B Hub
Additional Info
Founded in June, the Brazil-based company provides what it calls “back-office-as-a-service,” which includes bookkeeping, CFO services, legal and HR services so entrepreneurs can focus on their core business, Jorge Vargas Neto, founder and CEO of BHub, told TechCrunch. Where the typical accounting firm doesn’t use much technology, this is BHub’s “magic spot,” to provide a service based on a technology approach and with startups in mind, he said. The company counts 134 companies as customers and looks to hire 100 people across engineering, technical, accounting, legal, human resources, marketing and customer service.“Considering the growth we’ve had and what we project we will do, we need to enhance the team of 51 people and grow to 2,000, 2,500 customers by next year,” Neto added. BHub is Neto’s third company and his third in the financial sector.