What is Belvo?
Founded in 2020, Belvo operates as a sophisticated data-driven open finance API provider. The company serves as a bridge between financial institutions and developers, enabling the secure, efficient, and compliant exchange of financial data. By abstracting the complexities of legacy banking systems, Belvo empowers fintech innovators to build personalized financial products, ranging from credit scoring models to automated accounting tools. Its market position is defined by its deep integration capabilities and its commitment to fostering a more inclusive and transparent financial landscape across its core operating regions.
How much funding has Belvo raised?
Belvo has raised a total of $58M across 2 funding rounds:
Series A
$43M
Other Financing Round
$15M
Series A (2021): $43M with participation from Future Positive, Harsh Sinha, David Vélez, FJLabs, Kibo Factory, VentureFriends, and Maya Capital
Other Financing Round (2025): $15M led by Future Positive, Y Combinator, and Kibo
Key Investors in Belvo
Future Positive
Future Positive is a venture firm that focuses on backing transformative technology companies, often providing the necessary capital to scale operations in competitive markets.
Y Combinator
A premier startup accelerator and early-stage investor that provides seed funding and strategic mentorship to high-growth technology ventures.
Kibo Ventures
A European technology investment platform that supports entrepreneurs with bold ideas by investing in early-stage startups and helping them scale globally.
What's next for Belvo?
With this latest capital, Belvo is well-positioned to scale its enterprise-grade API offerings and deepen its penetration into the Latin American market. The strategic focus will likely shift toward enhancing security protocols, expanding data coverage, and fostering deeper partnerships with traditional financial incumbents. As the open finance sector faces increasing regulatory scrutiny and competitive pressure, Belvo's ability to maintain high-fidelity data streams will be paramount. The company is expected to leverage this investment to solidify its leadership in the API-first financial services sector, potentially exploring new verticals such as automated payment initiation and advanced identity verification services to drive long-term value for its stakeholders.
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