Belvo is an open finance API platform for Latin America that enables companies and developers to access and interpret end-user financial data through a single, easy-to-use API. By providing connectivity to bank accounts and other financial data sources, Belvo empowers fintechs, lenders, and financial innovators to build more inclusive and efficient financial products across the Latam region.
Belvo’s technology plays a key role in the growing open banking movement in Latin America, where increasing digital adoption and fintech innovation are driving demand for better financial infrastructure. The platform is designed to bridge fragmented financial systems, offering secure access to user-permissioned data, enabling services such as account aggregation, identity verification, and payment initiation. This helps companies provide more transparent, data-driven, and customer-centric financial services.
Belvo’s primary value lies in:
- Unifying access to multiple Latin American financial institutions through a single API.
- Enabling businesses to securely collect, standardize, and interpret financial data for use cases like credit scoring, personal finance management, and payments.
- Supporting developers and financial institutions looking to create next-generation fintech products tailored to the unique needs of the Latam market.
Who Uses Belvo?
Belvo serves a broad range of customers, including fintech startups, neobanks, lenders, and traditional financial institutions operating in Latin America. Its tools are especially valuable for companies building products that require real-time financial data, such as digital lending, personal finance apps, and payment services. The platform is used by innovators aiming to offer more inclusive and accessible financial products across countries like Brazil and Mexico.
The Technology Behind Belvo’s Platform
Belvo’s API is built to connect with a wide array of Latin American banks and financial institutions, normalizing diverse formats and data standards into a unified structure. Security and privacy are central to the platform, with features that ensure data is handled with user consent and in compliance with regional regulations. The platform supports developers through extensive documentation and tools, making integration efficient and scalable.
Who Are Belvo’s Competitors?
Belvo operates within the Latin American open banking and open finance API market—a niche that has seen rapid growth as financial services become more digitized. Key competitors include:
- Prometeo: Provides a single API for cross-border banking, offering access to financial information and payments in 11 Latin American countries and the US. Prometeo focuses on streamlining banking connectivity for companies operating regionally.
Globally, similar platforms include Plaid (US), Tink (Europe), and TrueLayer (UK), though Belvo is specifically tailored for the complexities and needs of the Latam market.
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