Belvo, Latin America’s leading Open Finance platform, has raised $15 million in new funding to accelerate product development and expand its AI capabilities. The round was led by Quona Capital, with continued support from Kaszek, Kibo Ventures, Future Positive, Citi Ventures, and Y Combinator.
Founded in 2019, Belvo connects over 50 million users to financial institutions through its API, powering credit, payments, and identity verification for clients such as Mercado Libre, Santander, and BBVA. Co-founders Pablo Viguera and Oriol Tintoré said the company will use the capital to deepen AI integration, improve data insights, and scale account-to-account payment products across Brazil and Mexico. The goal, they added, is to democratize access to financial services across the region.
