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Belvo

Open finance API platform for Latin America enabling financial data access and payment initiation in Brazil, Mexico, Colombia.

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Our Verdict

Go-to open finance API for LatAm fintechs; outside that region there are better choices.

Pros

  • Deepest LatAm open finance coverage available
  • PIX and payment initiation in Brazil supported
  • Handles Brazil, Mexico, Colombia in one API
  • Category-enriched transactions ready for credit models

Cons

  • Regional scope excludes US and EU markets
  • Bank connector stability varies by country
  • Regulatory landscape in region still shifting
  • Pricing details require sales conversation
Best for: Fintechs and lenders operating in Brazil, Mexico, or Colombia Not for: Teams outside LatAm or needing global bank coverage

When to Use Belvo

Good fit if you need

  • Open banking data aggregation for LATAM fintech applications
  • Bank account verification for payment apps in Mexico and Brazil
  • Income and transaction history for credit scoring in LATAM
  • PSD2-style account data access for Colombian and Chilean banks
  • Connecting users' bank accounts to personal finance apps in LatAm

Lock-in Assessment

Medium 3/5
Lock-in Score
3/5

Belvo Pricing

Pricing Model
custom
Free Tier
No
Entry Price
Enterprise Available
No
Transparency Score

Beta — estimates may differ from actual pricing

1,000
1001K10K100K1M

Estimated Monthly Cost

$25

Estimated Annual Cost

$300

Estimates are approximate and may not reflect current pricing. Always check the official pricing page.

Community Discussion

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