+80%

est. 2Y upside i

FinTechSeries A

Open Finance API platform for Latam.

Rank

#995

Sector

Fintech

Est. Liquidity

~4Y

Data Quality

Data: Medium

Belvo presents a moderate upside opportunity for a job seeker, with an estimated 80% expected upside over a two-year horizon.

Last updated: March 10, 2026

Bull (24%)+300%

Belvo aggressively expands its Open Finance platform into new high-growth LATAM markets beyond Mexico and Brazil, leveraging its AI capabilities to launch highly differentiated data intelligence and payment optimization products. This drives revenue to over $100M by 2028, justifying a $1B+ valuation at a premium revenue multiple (e.g., 10x+), well above the estimated current $250M valuation.

Base (51%)+50%

Belvo maintains its strong market position in Mexico and Brazil, growing steadily with the overall LATAM Open Finance market at approximately 29% YoY. The company continues to deepen its integrations and expand its customer base among financial institutions and large enterprises. Revenue reaches $50M+ by 2028, leading to a $375M valuation, reflecting solid execution and market expansion in line with expectations.

Bear (25%)-70%

Regulatory complexities or delays in Open Finance adoption outside of Brazil slow Belvo's expansion. Increased competition from well-funded regional players like Dock or a strategic shift by a global incumbent like Plaid into LATAM intensifies pricing pressure and limits market share gains. Growth stalls, leading to a down round or an exit at a significantly reduced valuation of $75M, severely impacting common stock value given the $74M in liquidation preferences.

Est. time to liquidity~4.0 years

Preference Stack Risk

high

With $74M in total funding and an estimated $250M valuation, investors hold $74M in liquidation preferences, meaning common stock holders would only see returns after this amount is paid out in an exit at or above current valuation.

Dilution Risk

high

As a Series A company, Belvo will likely undergo at least 1-2 more significant funding rounds (Series B, C) before a potential exit, which will lead to further dilution of existing equity.

Secondary Liquidity

limited

There is no public information indicating an active secondary market or tender offers for Belvo's shares at this stage.

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

    “Belvo operates in a rapidly evolving regulatory landscape across Latin America. How is the team strategically navigating the varying stages of Open Finance implementation in countries like Mexico and Colombia compared to the more mature market in Brazil?”

  • 2

    “With a reported revenue of ~$27M and a focus on both data aggregation and A2A payments, what are the key metrics the company is prioritizing for growth over the next 12-24 months, and how does the recent emphasis on AI capabilities translate into specific revenue-generating products or features?”

  • 3

    “Given the Series A funding and the potential for future rounds, how does Belvo approach employee equity, particularly regarding the preference stack and any potential plans for secondary liquidity events or tender offers for common shareholders?”

Community

Valuation Sentiment

Our model estimates +80% 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.