Mexico City-based open finance API platform Belvo has raised $15 million in fresh funding to accelerate the development of its data and payments suite across Latin America. The round was led by Quona Capital and joined by Citi Ventures, with continued support from existing investors Kaszek, Kibo Ventures, Future Positive, and Y Combinator.
Belvo’s platform enables financial institutions and enterprises to access, analyze, and leverage end-user financial data, while also initiating account-to-account payments. Operating in major markets like Mexico and Brazil, Belvo serves over 150 clients, including big names such as BBVA, Banamex, Bradesco, Santander, Mercado Libre, and Creditas.
The company’s suite of financial data, insights, and payments products helps clients streamline credit underwriting, improve user onboarding, and enable seamless A2A payments. So far, over 50 million users and businesses have connected accounts through Belvo’s infrastructure to share financial data — including banking, tax, and employment information — with financial service providers.
Co-CEOs Pablo Viguera and Oriol Tintoré emphasized the significance of the funding and the company’s mission: “Open Finance represents a structural shift in Latin America and has evolved into a tangible reality across the region. At Belvo, we’re building the most advanced platform to help financial institutions and innovators make the most out of Open Finance to power their businesses in unprecedented ways.”
The funding will also support advancements in Belvo’s AI capabilities, positioning the company at the forefront of Latin America’s rapidly evolving financial ecosystem.