Belvo plans to expand its Open Finance platform
Fintech startup Belvo has raised US$15 million in a funding round. The funds will go towards expanding the company’s operations in the Latin American region.
Venture capital fund Quona Capital participated in the round as a new investor. Quona’s activities focus on supporting the fintech sector in developing countries. Existing investors, including Y Combinator, Kaszek, Citi Ventures and others, also backed the startup.
Belvo Open Finance platform benefits
Belvo is a Mexico-based company that provides an open finance platform. It has the following features:
– a user-friendly data and payments solution;
– the platform increases the potential of AI for financial applications;
– it is a framework for developing inclusive and personalised financial tools;
– the platform focuses on providing personalised services for Latin American users.
Pablo Viguera and Oriol Tintore are Belvo’s co-founders and directors. They emphasise that their product aims to simplify financial transactions for people in the region. Open banking technology has already triggered structural changes that are transforming the economic landscape in Latin America. It has made instant payments much more convenient for both consumers and businesses.
Startup plans
Open Finance platform’s goal is to help financial institutions optimise their processes. In addition, the Belvo product encourages innovative ideas. It simplifies the process of obtaining funding and managing accounts for startups and small businesses.
The startup plans to use the investment to implement innovative solutions and improve approaches. The company also intends to implement an advanced AI-based infrastructure. The intelligent system will reduce transaction time and automate some tasks.
Belvo’s mission is to improve access to financial services for people in Latin America. There are still challenges to innovation in the region. Millions of people have limited access to instant payments, and Belvo aims to change that. Through the platform, businesses can access users’ financial information for further processing. The solution also enables payments from one account to another within a region. The platform’s AI tools, combined with deep analysis of financial data, help customers improve credit underwriting processes.
The platform works through partnerships with major banks in Mexico and Brazil. In addition, the startup works with digital banks and innovators.
As of 2025, the company has more than 150 institutions as customers. These include Creditas, Banamex, Mercado Libre, Bradesco, Santander and others.
