“Can a LatAm wallet become the default cross-border account for freelancers by stitching together stablecoin rails and traditional FX corridors?”
Belo is a Uruguay-incorporated, Argentina-centric fintech that started as a crypto wallet and evolved into a borderless multi-currency account targeting freelancers and remote workers across LatAm. The product combines stablecoin rails (USDC/USDT via Bridge and Conduit), traditional FX corridors (ACH/SEPA payouts via Payoneer, Wise, Vita Wallet), and a local Argentine prepaid Mastercard. The OpenTrade partnership in 2025 marks a move toward stablecoin yield as a treasury/product feature.
Belo discloses Gralcey S.A. (in-house) as its banking provider, according to the Embedded Finance Index 2026.
Belo does not disclose a bank charter of its own; its banking services are provided through Gralcey S.A. (in-house).
Belo processes payments through Belo wallet (self-operated), Pix (Brazil) and QR Payments (Argentina, Peru, Bolivia). Disclosed money-movement rails: ACH, SEPA and Pix.
Belo uses Payoneer, Wise, Vita Wallet, Bridge and Conduit for FX and cross-border payouts.
The Embedded Finance Index 2026 maps 5 layers in Belo's stack: Payments / PSP (Belo wallet (self-operated), Pix (Brazil) and QR Payments (Argentina, Peru, Bolivia)); Money movement (ACH, SEPA and Pix); Banking / BaaS (Gralcey S.A. (in-house)); FX & payouts (Payoneer, Wise, Vita Wallet, Bridge and 1 other); Crypto (Bridge, Conduit and OpenTrade).
Belo was founded by Manuel Beaudroit and is headquartered in Montevideo, Uruguay (Gralcey S.A.).
Belo has raised $3M in total.
Get a read on where your own stack stands against Belo and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.