Belvo

Belvo combines account connectivity, financial data tools and payment capabilities for businesses serving Latin America. It is best suited to teams building financial products that need regional bank data or payment flows. The free sandbox is useful for evaluation, but production access starts at $1,000 per month.

Overview

Founded in 2019, Belvo provides open finance infrastructure for companies connecting to users’ accounts, interpreting financial data and moving money. Connections can run through a hosted widget, API, regulated Open Finance consent flow or institution credentials, with scheduled data refreshes. That range gives developers several integration paths, while scheduled refreshes may not suit workflows that depend on a different update pattern.

Belvo says it connects retail and business bank accounts as well as official employment and fiscal records. Its regional focus is a strength for financial services built for Latin America, but businesses serving other markets should compare providers with coverage suited to those customers.

Key features

Banking data and insights

Supported data includes accounts, balances, transactions, owners, bills, investments, investment transactions, incomes, recurring expenses and risk insights. Belvo provides real-time categorized account data and up to 24 months of standardized, categorized transaction history. That depth supports financial analysis and customer profiling, though the 24-month ceiling may constrain products that need a longer record.

Transaction categorization, income verification, recurring-expense detection and banking-data risk insights can serve lending, underwriting and personal finance workflows. The API, developer hub, quickstart guide and API reference give integration teams a practical starting point; they do not remove the need to build and maintain the connection in their own product.

Payments

Belvo offers recurring direct debit collections in Mexico and one-tap Pix payments in Brazil. These are specific regional payment options rather than a universal payment layer, so their value depends on where a business operates and which flows it needs.

Security and support

Belvo says data at rest is protected with AES 256 and RSA 2048 encryption, and data in transit uses TLS 1.2 with TLS 1.3 supported. It holds ISO/IEC 27001:2022 certification and is a PCI DSS Level 1 compliant service provider. Its platform is hosted on AWS and configured for high availability. Standard support is by email; premium support adds Slack and video conference.

Pricing

Sandbox — free. This plan provides free sandbox access, unlimited testing and evaluation. It is appropriate for developers assessing fit or building a prototype, but it does not permit production access for real customers.

Launch — $1,000 a month. Launch includes sandbox and production environments, a customizable Connect Widget, a no-code solution, unlimited testing, and standard and premium support. It is the entry point for teams ready to serve real customers, but the $1,000 monthly price is a substantial commitment before usage-based or other costs are considered.

Growth — custom pricing. Growth includes the Launch environment, widget, no-code solution, testing and support options, plus a dedicated account manager. It suits teams that need that closer account relationship; without a published price, buyers will need a quote to assess the added cost.

The plans distinguish free evaluation from paid production rather than offering a free tier for live customers. Teams should weigh Launch’s fixed monthly price against their expected scale and the regional coverage they need.

Platforms

Belvo is available through API and web. Its API-oriented approach suits teams integrating financial connectivity into their own products; it is not presented as a standalone consumer banking app.

Who it's for

Belvo identifies banks, financial services, lenders, insurers, e-commerce and retail businesses, and digital wallets among the industries it serves. It is a stronger fit for organizations in those sectors that need Latin American account data or the Mexico and Brazil payment options. It is less suitable for teams seeking a free production plan, a consumer-facing app, or a provider centered on markets outside Latin America.

Pros and cons

• Regional data and payments in one platform: account connections, categorized data and select payment flows can support multiple financial product needs.
• Useful transaction history: up to 24 months of standardized, categorized transactions can provide meaningful context, though it does not cover a longer horizon.
• Multiple integration paths: hosted widget, API, consent flow and institution credentials give developers options for connecting users.
• Free testing, paid production: unlimited sandbox testing helps evaluate integrations, but real-customer access requires the $1,000-per-month Launch plan or custom-priced Growth.
• Scheduled refreshes: a clear update model may be workable for many products, but could be a mismatch for requirements needing another refresh pattern.

Alternatives

Browse Bank Connectivity Software to compare providers across the category.

• MX may suit teams wanting a broader platform footprint across Android, iOS, API and web, or developers who want a free account capped at 100 users.
• TrueLayer Data API is an option for teams whose evaluation can use mock data and who are comfortable with production pricing based on volume and use case.
• Envestnet | Yodlee offers a sandbox with five preconfigured users and sample data, a narrower free evaluation path than Belvo’s unlimited testing.
• CAMSfinserv Account Aggregator may fit consumers seeking a free account aggregator app; financial-institution access is a separate paid offering.
• Open Bank Project may suit developers seeking a free public API sandbox with test or synthetic data, or organizations considering a commercial license.
• Brankas is another option for teams evaluating open finance deployments.
• Lean Technologies is another paid option for teams comparing financial connectivity platforms.
• Powens may suit enterprise buyers considering custom API plans, dedicated hosting and support.

Verdict

Belvo is a strong choice for businesses building financial services in Latin America that need account data, insights and selected payment capabilities through developer-focused integrations. Its mix of data and regional payments is the main reason to choose it; the $1,000 monthly Launch threshold and lack of free production access are the main reasons smaller teams should look elsewhere.