# Belvo

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/belvo

- Industry: Software
- Headquarters: Mexico City, Mexico
- Website: www.belvo.com
- Total disclosed funding: $55M
- Latest round: Series A (Jun 1, 2021)
- Investors on record: 13

## About

Belvo is a Mexico-based fintech company that specializes in open finance data solutions, enabling businesses to seamlessly connect with users’ financial data for enhanced decision-making and risk assessment.Founded in 2019, Belvo operates out of Mexico City, Mexico, providing open finance solutions that empower businesses to access financial data. Its founders, Pablo Viguera and Uri Tintore, have previously engaged in entrepreneurial ventures. The company raised USD 15.00 mn in its latest funding round on April 16, 2025, with participation from investors including Quona Capital, Kaszek Ventures, Kibo Ventures, Future Positive, Citi Ventures, and Y Combinator. Belvo has completed a total of 8 funding deals since its inception.Belvo is a leading open finance data and payments platform in Latin America, specializing in innovative solutions that empower businesses to connect with their users’ financial data seamlessly. The core offerings of Belvo include aggregation, enrichment, and payment services that allow users to securely access and analyze financial information from various sources, including banking, employment, and fiscal data. This platform enables companies to verify income, assess risk, and enhance credit decisions in real-time, catering primarily to industries such as banking, lending, e-commerce, and personal finance management. Belvo's solutions are designed for a diverse clientele, including financial institutions, fintech companies, and digital wallets, with significant operations in markets such as Mexico, Brazil, and Colombia. The platform's distinctive features, such as biometric payments and the ability to facilitate automatic bank transfers, aim to optimize user experience and increase conversion rates, making it a critical tool for businesses looking to leverage open finance capabilities.Belvo generates revenue primarily through its transaction-based model, which encompasses various services offered to its clients. The company engages in B2B partnerships with financial institutions and fintech companies, providing them with the tools necessary to access and utilize financial data effectively. Clients typically subscribe to Belvo's platform, which includes flagship products like the Connect Widget and Payments Dashboard, allowing for swift integration and payment processing capabilities. The pricing structure is tailored to the needs of each client, with fees associated with the volume of transactions processed and the range of data services utilized. For instance, clients utilizing Belvo's payment solutions may incur costs based on the number of bank-to-bank transactions executed, driving revenue through high transaction volumes across its extensive client base in Latin America.Belvo plans to utilize the recent funding of USD 15.00 mn to accelerate the expansion of its platform and market reach. The company aims to launch new products that enhance its service offerings in the coming months. Additionally, Belvo is targeting expansion into new markets, focusing on enhancing its presence in countries beyond its current reach by the end of 2025.

## Funding rounds

- Series A, Jun 1, 2021, $43M — Visa Inc., Kaszek Ventures, Kibo Ventures, Maya Capital, FJ Labs, VentureFriends, Future Positive
- Seed, May 29, 2020, $10M — Founders Fund, Kaszek Ventures, VentureFriends, Maya Capital
- Seed, Jan 15, 2020, $1.5M — Y Combinator, Liquid 2 Ventures, Kalonia Venture Partners, Unpopular Ventures, Expansion Capital

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- Liquid 2 Ventures (https://capitalatlas.ai/funds/liquid-2-ventures) — Seed
- Kalonia Venture Partners (https://capitalatlas.ai/funds/kalonia-venture-partners) — Seed
- Unpopular Ventures (https://capitalatlas.ai/funds/unpopular-ventures) — Seed
- Expansion Capital — Seed
- Founders Fund (https://capitalatlas.ai/funds/founders-fund) — Seed
- Kaszek Ventures (https://capitalatlas.ai/funds/kaszek-ventures) — Seed, Series A
- VentureFriends (https://capitalatlas.ai/funds/venturefriends) — Seed, Series A
- Maya Capital — Seed, Series A
- Visa Inc. — Series A
- Kibo Ventures (https://capitalatlas.ai/funds/kibo-ventures) — Series A
- FJ Labs (https://capitalatlas.ai/funds/fj-labs) — Series A
- Future Positive (https://capitalatlas.ai/funds/future-positive) — Series A