← State of Embedded Finance 2026

Belvo Partner

“Can an open finance API platform own the full LATAM embedded finance stack — data aggregation, AI-powered credit decisioning, and account-to-account payments — for the region's leading fintechs and banks?”

Founded2019
HQMexico City, Mexico
Latest roundVenture - Series Unknown
IndustryInfrastructure / Open banking
The story

Belvo launched in 2019 as a Plaid-style open finance API platform for Latin America, aggregating bank account data across Mexico, Brazil, and Colombia. It expanded from pure data aggregation into employment and fiscal data intelligence to serve lenders. By 2025, the company pivoted toward becoming a payments infrastructure layer, adding account-to-account payment rails (Direct Debit in Mexico, Biometric Pix in Brazil) and positioning itself as an embedded finance platform for LATAM fintechs. The 2026 rebrand and PCI DSS Level 1 validation mark a strategic shift from data-only to payments-plus-data infrastructure.

Last 12 months
2026-04
2026-04
Product timeline
2019
Belvo founded as an open finance API platform enabling bank account connectivity in Latin America.· pivot
2021
Expanded data aggregation to Brazil, Mexico, and Colombia with employment and fiscal data products.· banking
2023
Partnered with Rapyd to boost open finance capabilities and payment rails in LATAM.· banking
2025
Launched account-to-account payment products including Direct Debit in Mexico and Biometric Pix in Brazil.· banking
2026
Belvo Mexico achieved PCI DSS Level 1 validation for Belvo Direct Debit via an external ROC auditor.· banking
2026
Rebranded platform positioning as an AI-driven open finance platform turning Open Finance into faster ROI.· pivot
Regulated entities
PCI DSS Level 1
Mexico · 2026
Belvo Technologies SAPI de CV
The stack
Payments / PSP
Rapyd
Lending
Credit assessment data infrastructureIncome and employment verification for lendersAutomated loan collection via direct bank transfer
Open banking
Belvo (self-operated)
Accounting gap: minor