Belvo, a Latin American FinTech platform specialising in Open Finance solutions, has raised $15m in a new funding round aimed at expanding its product suite and enhancing its AI capabilities.
The round saw the participation of Quona Capital, a venture capital firm focused on FinTech in emerging markets, as a new investor. Returning investors included Kaszek, Kibo Ventures, Future Positive, Citi Ventures and Y Combinator, according to FF News.
Belvo provides a unified Open Finance platform that enables financial institutions and enterprises to access, interpret and leverage end-user financial data, as well as initiate account-to-account payments.
Operating across Brazil and Mexico, the company supports over 150 clients, including major financial institutions such as BBVA, Banamex, Bradesco, Santander, and digital players like Mercado Libre and Creditas.
The newly secured funds will be used to expand Belvo’s reach across all relevant financial data sources, both regulated and unregulated.
The company also plans to roll out its next-generation pay-by-bank solutions, including Pix Automático in Brazil, and bolster its AI capabilities to provide more personalised and inclusive financial services throughout the region.
Belvo has become a key player in financial inclusion in Latin America, enabling over 50 million individuals and businesses to connect their accounts and share financial data. The company processes nearly 2 million account-to-account payment transactions each month, with an annualised total payment volume of more than $500m.
Its products include Direct Debit in Mexico and Pix-based payment features in Brazil, supporting both local and global merchants and PSPs.
“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. This new investment will enable us to continue to innovate, develop cutting-edge infrastructure, scale our AI capabilities, and work on our mission to democratize access to financial services to millions of people and businesses in Latin America,” Belvo co-founders and co-CEOs Pablo Viguera and Oriol Tintoré said.
Quona Capital partner Rafa de la Guia said, “From our experience across global markets, the most transformative Open Finance platforms will bring together data and payments in a single, seamless offering. Belvo is uniquely positioned to drive the next wave of financial innovation in Latin America—combining best-in-class data capabilities with powerful payment solutions to help institutions better serve millions across the region.”
Kaszek co-founder and managing partner Nicolás Szekasy said, “Since our initial investment, we’ve believed Belvo is building the backbone of Open Finance in Latin America. This is not just a technological shift—it’s redefining how millions of people access, experience, and benefit from financial services. As adoption accelerates across the region, it’s clear this is a structural transformation. Belvo’s expansion from initially serving fintechs to also becoming the go-to platform for leading banks underscores the strength of its infrastructure and strategic vision. With regulatory momentum and digital adoption surging in its core markets of Brazil and Mexico, Belvo is well-positioned to lead the next phase of growth in the region’s Open Finance ecosystem.”
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