“Can a single API become the default money-movement and account-verification layer between the US and Latin America?”
Founded in Uruguay as an open-banking API connecting fintechs and corporates to LatAm bank rails (account aggregation, account-to-account payments, account validation). Expanded northward in 2024 with US Account Validation, then launched 'Borderless Banking' in March 2025 — a middleware that lets global companies open local accounts and move money between the US and Latin America via a single API. Increasingly positioning as cross-border financial infrastructure rather than a pure LatAm open-banking provider, with newer 'Agentic Banking Infrastructure' branding pointing at agent-driven workflows.
Prometeo discloses Prometeo (in-house) as its banking provider, according to the Embedded Finance Index 2026.
Prometeo does not disclose a bank charter of its own; its banking services are provided through Prometeo (in-house).
Prometeo processes payments through Account-to-account bank transfer payments (self-operated), QR payments (self-operated) and Payment links (self-operated).
Prometeo connects to bank accounts through Prometeo (self-operated AIS/PIS across LatAm).
Prometeo uses Prometeo Borderless Banking (in-house) for FX and cross-border payouts.
The Embedded Finance Index 2026 maps 5 layers in Prometeo's stack: Payments / PSP (Account-to-account bank transfer payments (self-operated), QR payments (self-operated) and Payment links (self-operated)); Banking / BaaS (Prometeo (in-house)); Open banking (Prometeo (self-operated AIS/PIS across LatAm)); Unified APIs (Prometeo Borderless Banking (self-operated)); FX & payouts (Prometeo Borderless Banking (in-house)).
Prometeo is headquartered in Uruguay.
Prometeo has raised $13M+ (Series A) in total (latest round: Series A, January 2024).
Get a read on where your own stack stands against Prometeo 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.