Latin America Fintech Belvo Announces $15M Funding

Gunderson Dettmer represented Latin America-based Belvo, a leading Open Finance platform, in its $15 million financing with participation from Quona Capital, Kaszek, Kibo Ventures, Future Positive, Citi Ventures and Y Combinator. The new funding will be used to expand the company’s Open Finance product suite and advance its AI capabilities for the over 50 million of individuals and businesses that use Belvo across Latin America.

In the announcement of the transaction, Co-founders and Co-CEOs Pablo Viguera and Oriol Tintoré said, “At Belvo, we’re building the most advanced platform to help financial institutions and innovators make the most out of Open Finance to power their businesses in unprecedented ways. This new investment will enable us to continue to innovate, develop cutting-edge infrastructure, scale our AI capabilities, and work on our mission to democratize access to financial services to millions of people and businesses in Latin America.”

The deal team was led by Dan Green and Brian Willbur and included Maurice Osei.

Companies
Belvo
Quona Capital
Kaszek
Kibo Ventures
Future Positive
Citi Ventures
Y Combinator