Belvo — Open Banking

Leading open finance platform in Latin America connecting iGaming operators to local banking rails to initiate account-to-account payments and verify financial identity.

## The open finance infrastructure that became relevant for online casino Belvo was founded in 2019 by Pablo Viguera and Oriol Tintoré, two Catalan founders who went through Y Combinator and built the company with a regional focus from day one. What started as a single API for fintechs to access user banking data evolved, as open finance regulations matured in Brazil, Mexico and Colombia, into a platform that also initiates account-to-account payments. That second layer is what moved Belvo from a tool for lending fintechs into the iGaming payments conversation. ## Pix via Open Finance and the game change in Brazil The product the betting sector cares about most is Pix via Open Finance, authorised by the Central Bank of Brazil. The difference with a traditional Pix through a gateway is that the payment flow lives inside the operator's app, the player approves the move with biometrics inside their banking app and the transaction settles in seconds without additional intermediaries. For a betting house regulated under SPA that means higher conversion on deposit, lower checkout abandonment and full traceability against the Central Bank's regulatory requirements. Belvo was processing close to two million account-to-account transactions monthly and an annualised volume above 500 million dollars at its latest reported cycle. ## Financial identity, account validation and fraud prevention The less visible but critical component for online casinos is the data layer. Belvo instantly validates account ownership, confirms a player's financial identity and reads transactional history to surface fraud signals or problem-gambling patterns before the deposit. For compliance and fraud prevention teams, that information drastically reduces KYC friction without giving up the ability to block suspicious accounts, a balance hard to achieve with traditional document-based tools alone. ## LatAm coverage and institutional backing Belvo runs offices in Mexico City, São Paulo, Bogotá and Barcelona, serves more than 150 clients including BBVA, Santander, Bradesco, Mercado Libre, Creditas and Nubank, and closed in 2025 an additional 15 million dollar round led by Quona Capital with participation from Kaszek, Citi Ventures and Y Combinator. The strategic alliance with JP Morgan Payments for direct debit in Mexico and the confirmed presence at BIS SiGMA Americas with explicit iGaming focus make it clear that the betting sector has moved from an experimental use case to a commercial vertical of its own inside the company.

Belvo - Technical Sheet
Founded	2019
HQ	Barcelona, España
Country	España
City	Barcelona
Employees	51-200
Licenses	Banco Central do Brasil (iniciador de pagamentos)
Products	Pix via Open Finance for deposits and withdrawals, Account-to-account (A2A) payments in LatAm, Account ownership and financial identity validation, Banking history analysis for fraud prevention, Pix Automático for recurring payments
Web	https://belvo.com