Belvo

LatAm Open Finance + bank-data aggregator (Brazil, Mexico, Colombia). B2B SaaS exposing account aggregation, transactions, employment + tax data, and KYC across multiple LatAm markets through one API surface.

Reviewed: 2026-05-10

When to use Belvo

Choose if

You're building a B2B fintech operating in multiple LatAm markets (Brazil + Mexico + Colombia) and want one aggregator instead of three. Belvo's multi-country reach is the differentiator — pure-BR aggregators (Pluggy, Klavi) handle a single market more deeply.

Avoid if

You only operate in Brazil — a BR-native aggregator (Pluggy, Klavi, Quanto) is typically deeper on the Bacen surface and cheaper for single-market use. Or if you're a per-user AI agent in Brazil — see /mcp/cumbuca-of-data-mcp/ for the MCP-shaped option that consumer AI agents install in one click.

Risk Flags

  • MEDIUM Each LatAm market has its own data-share regulation. Brazil has Open Finance (Bacen); Mexico has Open Banking via Banxico; Colombia is mid- rollout. Belvo abstracts these but the upstream timing of capabilities varies country by country.
  • LOW Belvo's connector library is proprietary — migrating away to a different aggregator means rewiring against a different SDK surface.

Pricing (Verified)

Hidden Costs

  • Multi-country footprint = more vendor surface (and bigger upstream bank patch-cadence); plan for breakage.
  • Non-OF data sources (scraping where present) bill differently from OF channels.

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