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Belvo secures USD 43 mln in Series A funding

Wednesday 2 June 2021 12:48 CET | News

Belvo, an Open Finance API platform in Latin America, has raised a USD 43 million in a Series A funding round.

The round included participation from new investors such as Future Positive, the investment vehicle of Fred Blackford and Biz Stone, Kibo Ventures, and FJLabs.

According to the official press release, the company will focus on expanding its offering of data enrichment solutions across markets and launch its bank-to-bank payment initiation offering in Mexico and Brazil. In addition, Belvo will continue to explore opportunities to expand its Open Finance platform to new countries within the Latin American market and expects to double its existing financial data providers connection coverage, thus reaching over 80 integrations, by the end of 2021. 


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Keywords: funding, expansion, Open Finance, API, data, banks
Categories: Banking & Fintech
Companies:
Countries: Latin America
This article is part of category

Banking & Fintech