Belvo is an open finance platform that enables financial institutions in Latin America to securely access and analyze diverse financial data while facilitating instant account-to-account payments. By providing enriched insights and seamless payment solutions, Belvo enhances customer engagement and optimizes financial decision-making for businesses across various sectors.
Funding
$57.3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
CVFounders
Product
Problem
Many financial institutions in Latin America struggle to efficiently access and analyze diverse financial data from various sources. This lack of seamless data connectivity hinders their ability to offer personalized services, accurately assess risk, and streamline payment processes.
Solution
Belvo offers an open finance platform that enables businesses to connect to and leverage financial data and infrastructure in Latin America. Through its aggregation API, companies can securely access a broad range of financial data, including banking and non-banking sources, providing a comprehensive view of customer financial activity. Belvo's enrichment tools translate raw data into actionable insights, such as categorized transactions, income predictions, and risk assessments, using machine learning models. The platform also facilitates account-to-account payments, streamlining checkout experiences and enabling instant transfers.
Target Audience
Belvo primarily serves financial institutions, fintech companies, and businesses across various sectors in Latin America seeking to enhance customer engagement, optimize financial decision-making, and streamline payment processes.
Features
- API for secure access to financial data from over 140 institutions in Latin America
- Data enrichment capabilities, including transaction categorization, income prediction, and risk assessment
- Account-to-account payment solutions for streamlined transactions
- Machine learning models trained on billions of transactions for accurate insights
- Compliance with security standards such as ISO 27001
- No-code tools for rapid integration and deployment