Belvo
Belvo is a fintech company based in São Paulo, Brazil, specializing in financial API platforms for Latin America, aimed at transforming the financial services sector by providing data-driven insights and solutions.
Services
Belvo provides a comprehensive financial API platform for Latin America. Their services are categorized into Aggregation, Enrichment, and Payments. Aggregation services include Account Verification, Banking, Fiscal, and Employment, allowing companies to connect to users’ accounts and access financial data. Enrichment services offer tools like Categorization, Income Verification, Recurring Expenses, Risk Insights, and Open Finance Score to derive deep insights from financial data. Their payment solutions include facilitating bank-to-bank payments, Pix via Open Finance, Pagos seguros en Línea, and Direct Debit.
History
Belvo was launched on March 10, 2020. The company is a part of Y Combinator's W20 batch. Since its inception, Belvo has grown to employ over 150 team members and has achieved significant milestones like connecting over 10 million accounts to Belvo-powered apps, processing and enriching over 1 billion transactions, and maintaining connections to more than 140 sources of financial data.
Industry and Market Presence
Belvo operates in the Fintech industry, specifically within the Banking and Exchange sub-industry. It serves various regions including Brazil, Latin America as a whole, and offers remote and partly remote work options. Their target industries include Banking and Financial Services, Lending, ERP, Proptech, E-commerce & Retail, Digital Wallets & Fintech, Travel, and iGaming & e-Sports.
Products
Belvo's products include a range of API solutions focused on Aggregation, Enrichment, and Payments. Aggregation solutions allow for seamless account verification and financial data access. The Enrichment tools help in categorizing transactions, verifying income, tracking recurring expenses, and assessing credit risks. For Payments, Belvo offers solutions that enable secure and efficient bank-to-bank transactions, including Pix via Open Finance and Pagos seguros en Línea.