Belvo
Financials
Estimates*
USD | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|
Revenues | 3.0m | 8.6m | 37.8m | 38.8m |
% growth | - | 187 % | 339 % | 3 % |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
* | $3.0m | Seed | |
* | $10.0m | Early VC | |
* | $43.0m | Series A | |
* | N/A | Series A | |
* | N/A | N/A | Early VC |
Total Funding | €50.9m |
Recent News about Belvo
EditBelvo is a financial technology startup that operates in the Latin American market. The company's primary service is to provide a platform that allows businesses to connect to their customers' financial data securely and efficiently. This connection enables businesses to understand their customers' financial behavior better, offer personalized products, and facilitate instant payments.
Belvo's clients are primarily financial institutions and innovators looking to streamline their operations and generate new revenue streams. The company's platform provides access to a wide range of financial data sources, including banking and non-banking data. This comprehensive data access allows businesses to get a full picture of their customers' financial activities.
The company also offers machine learning models that translate raw data into actionable insights. These insights include categorized transactions, income predictions, recurring expenses, and risk assessments. This feature allows businesses to make quicker decisions and save time on data analysis.
Belvo's platform also enables seamless money transfers, improving processes in credit risk and lending, personal finance, accounting, and onboarding. The platform's data enrichment capabilities allow businesses to improve their credit scoring and underwriting models, increase conversion rates, and help their customers make smarter financial decisions.
Belvo operates under strict security and reliability standards, including ISO 27001, and holds regulatory licenses. The company's proprietary technology and connections with over 60 institutions make it the fastest and most comprehensive financial data aggregation solution in Latin America.
Keywords: Financial Technology, Data Aggregation, Machine Learning, Financial Institutions, Personalized Products, Instant Payments, Credit Scoring, Underwriting Models, Data Enrichment, Latin America.