Belvo announced raising $10 million from Founders Fund and Kaszek

Belvo, a BArcelona, Spain-based Developer of a connectivity platform intended to secure financial transactions, announced the completion of a $10 million capital investment round.

The funding was co-led by Founders Fund and Kaszek from Argentina and will be used to triple its current team of 25 that is spread across operations in Mexico City and Barcelona.

Belvo, founded in May 2019 by Pablo Viguera and Oriol Tintoré, built a developer-first API platform that can be used to access and interpret end-user financial data to build better, more efficient and more inclusive financial products in Latin America. Developers of popular neobank apps, credit providers and personal finance tools use Belvo’s API to connect bank accounts to their apps to unlock the power of open banking.

Prior to this round and since founding, Belvo raised $3m in pre-seed funding and were a part of YCombinator’s Winter 2020 batch. Earlier backers include MAYA Capital, Venture Friends, Latinia, David Vélez (Founder and CEO of Nubank), Unpopular VC and STARTegy.