This year, Belvo moved beyond connectivity to build the brain of Latin American finance. From reaching 15 million consents in Brazil to processing over 30 million direct debit transactions in Mexico, here is how we are using scale and AI agents to make hyper-personalization a reality for the region’s largest institutions.
2025 has been a definitive year for Belvo. We have transitioned from being the leading Open Finance connectivity layer to becoming the core infrastructure that powers the most sophisticated financial institutions in Latin America.
We kicked off the second half of the year with a significant milestone: a new $15 million investment round. This capital isn’t just a number on a balance sheet. It is the engine driving our expansion into more complex enterprise solutions. This year, our focus shifted toward maturity and scale. We not only grow our network but deepened the value of every data point and every transaction. Here is a recap of the milestones that defined our 2025 and how they are shaping the future of finance in the region.
Mexico: strengthening the pillars of credit and payments
In Mexico, Belvo has become the essential partner for financial innovators from different industries – from lenders to ERPs – looking to turn data into measurable growth. By providing direct access to employment and fiscal data, we are helping companies eliminate manual processes and make more accurate financial decisions.
Our impact in the lending space is clear, as we have now processed over 80 million employment checks with our employment data product. This allows credit companies and lenders across the board to verify income and stability instantly, unlocking financial products for millions of users.
In parallel, we have consolidated our impact on the Mexican payments landscape. Our direct debit solution has surpassed an annualized transaction volume (TPV) of nearly US$1 billion. This provides businesses with a reliable, low-friction way to manage recurring revenue at scale.
Building together with industry leaders
It is incredibly rewarding to see how the region’s most innovative companies use our technology to solve real problems and achieve significant results. For example, we are proud to see Banco Azteca surpass 6 million income verifications using our platform, a milestone that is directly accelerating digital credit origination across the country.
The impact on speed and efficiency is equally impressive. With Crediclub, our partnership has reduced the time to make a credit decision to less than five minutes, a massive shift from the traditional three-day market average.
In the subscription space, our partnership with Smart Fit – the fitness leader with over 420 branches – has been transformative. By replacing traditional banking systems with Belvo’s modern infrastructure, Smart Fit achieved a 200% month-over-month growth in successful collections, while their chargeback rate dropped to less than 1%.
“With Belvo, we strengthened the stability of our collections and sent a clear message: you don’t need a credit card to stay in shape. This is a true enabler of well-being.” — Rodrigo San Pedro, CFO of Smart Fit México
Watching our partnerships with companies such as Clip, Ualá, and J.P. Morgan grow has been a highlight of our year. These collaborations do more than just improve a process; they drive true financial inclusion, ensuring that data works in favor of both the business and the consumer. Seeing our solutions in the hands of these market leaders reinforces why we do what we do.
To support this momentum, we launched two key solutions: managed collections – a tool that automates debt recovery, reducing friction and improving cash flow for lenders –, and income estimator – a solution that goes beyond employment data and uses advanced machine learning to estimate the income of people who no longer have a formal employment but who have a solid employment history, allowing lenders to expand their credit offer with confidence.
Brazil: setting the global standard for scale
While Mexico showcases the specialized utility of employment data and direct debit, Brazil demonstrates its massive scale in Open Finance. This year, Belvo reached a landmark 15 million active consents – the secure digital “keys” that users grant to share their data.
To put that in perspective, Belvo now manages roughly 16% of all unique consents in the Brazilian ecosystem. We have grown 375% in just twelve months, moving from 4 million to 15 million active data connections, and we’re the leading third-party provider by far.
But scale is only half the story, as our infrastructure has matured to support the rigorous demands of large, regulated institutions. We are the partner of choice for companies like Inter, Alipay, OneKey, and Indrive. We’ve also stayed at the forefront of regulation, working closely with the Central Bank to build the future of Pix Biometria, ensuring that instant payments remain secure as they become more integrated into the daily lives of Brazilians.
The road ahead: delivering the infrastructure for autonomous finance
Looking ahead to 2026, many of the foundations of connectivity are complete. While plenty remains to be built, we have successfully navigated the complexities of building the underlying rails, establishing stable connections, and ensuring regulatory compliance across the region. The infrastructure is now there, and the data and payments are flowing seamlessly.
We are now entering the era of utility and intelligence.
Throughout 2025, we have been heads-down building the next layer of Open Finance. Incorporating artificial intelligence isn’t a roadmap for the distant future; it is work that is happening right now. We are moving toward a reality where Open Finance isn’t just a data source, but an active assistant.
The true promise of Open Finance has always been personalization to deliver the specific loan, interest rate, or payment plan that fits a user’s unique economic profile. However, the industry faces a scalability problem: today, analyzing complex data sets is a manual, slow process. This friction limits the impact of Open Finance and delays the delivery of better financial services.
We are changing that by deploying AI Agents that analyze, define, and deliver these services at scale. We are moving beyond simple integration to a future where Agents manage the heavy lifting of use-case definition. This is especially transformative for payments and collection optimization.
By using AI to analyze payment behaviors and financial profiles in real-time, we can orchestrate personalized payment plans that fit a customer’s current liquidity. This not only reduces defaults but creates a frictionless experience where payments are collected at the right time, automatically. Whether it’s optimizing a collection retry or tailoring a loan repayment schedule, we are making finance invisible and truly intelligent.
Thank you to our partners and our team. We’ve spent six years building the foundations, and we are now ready to build what the future of intelligent finance looks like.
