RIO DE JANEIRO, BRAZIL - Open Banking may be a new concept to some. But two years ago Belvo, a platform of APIs (Application Programming Interface), was launched with an eye on the potential for Open Banking in Latin American countries. On Tuesday, June 1, the company announced a Series A capital injection of approximately R$225 million (or US$43 million).
Belvo currently operates in Brazil, Mexico, and Colombia, and has over 60 clients, including neobanks, credit providers and personal finance management tools.
Based in São Paulo, the company currently employs 70 people, but intends to grow. Albert Martinez . . .