+191%

est. 2Y upside i

FinTechSeries B

Open Finance API platform for Latam.

Rank

#58

Sector

Fintech

Est. Liquidity

~4Y

Data Quality

Data: Medium

Belvo offers a high potential upside (190% expected) but with significant risk from preference overhang and competitive threats.

Last updated: July 19, 2026

Bull (30%)+285%

Belvo achieves IPO or category leadership, exit multiple expands to 8x on projected 2028 revenue of $49.4M, implying $395M exit. After 15% dilution adjustment, upside is 285%.

Base (50%)+250%

Multiple converges to 5x, in line with public fintech infrastructure comps, giving $247M exit. After dilution, net upside 250%.

Bear (20%)-100%

Multiple compresses to 1x due to competition or growth stall, exit value $49.4M falls below $74.3M total funding, so common stock receives nothing (-100%).

Est. time to liquidity~4.0 years

Preference Stack Risk

severe

Funding Intensity

42000%

Total funding of $74.3M exceeds current valuation of $53.1M, giving preferred holders a 1x liquidation preference that common stock must exceed to have any value.

Dilution Risk

moderate

With $15M raised in April 2025 and total funding $74.3M, runway likely 2-3 years, so additional dilution from Series C is probable within the 2-year horizon.

Secondary Liquidity

none

No secondary trading data available; private company with limited liquidity.

Engineering — 3 roles

CV — 1 role

Finance — 1 role

Product — 1 role

Sales — 1 role

View all 7 open roles at Belvo →

Last updated: March 10, 2026

Questions to Ask at the Interview

Strategic questions based on Belvo's data — designed to show you've done your homework.

  • 1

    “How does Belvo plan to defend against Plaid's potential entry into Latin America?”

  • 2

    “What is the company's path to profitability given current ARR and burn rate?”

  • 3

    “Can you discuss the timeline for a potential IPO and the role of secondary liquidity for employees?”

Community

Valuation Sentiment

Our model estimates +191% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.