Belvo vs Pluggy
Belvo
belvo.comPluggy
pluggy.aiSide by side
| Figure | Belvo | Pluggy |
|---|---|---|
| Price from | $1,000/mo | 2.50 BRL/mo |
| Free plan | Yes | — |
| Free trial | — | Yes |
| Open source | — | — |
| Web | Yes | Yes |
| API | Yes | Yes |
| Plans published | 3 | 2 |
| Spec score · Bank Connectivity Software | 8.5 (#3) | 7.7 (#23) |
| Spec score · Financial Data APIs | 8.5 (#3) | 7.7 (#17) |
| Audience | Belvo identifies banks, financial services, lenders, insurers, e-commerce and retail businesses, and digital wallets among the industries it serves. | The commercial API is aimed at businesses building financial products for their own customers, while Meu Pluggy is a personal finance portal. |
| Compliance | Belvo states that it holds ISO/IEC 27001:2022 certification and is a PCI DSS Level 1 compliant service provider. | Pluggy states that its Brazilian payment institution is authorized by the Central Bank of Brazil as a Payment Transaction Initiator (ITP). |
| Founded | 2019 | 2019 |
| Headquarters | Mexico City, Mexico; São Paulo, Brazil | São Paulo, Brazil |
| Integrations | Belvo says its platform connects with retail and business bank accounts and official employment and fiscal records. | Pluggy lists Conta Azul, Nibo, MarketUP, Kamino, Cloud Gym, TOTVS, Ottimizza, Bom Controle, F360, and Granatum as customer platforms. |
| Payments | Its payment offerings include recurring direct debit collections in Mexico and one-tap Pix payments in Brazil. | Its Payments product supports Pix initiation, one-time charges, recurring Pix Automatic payments, and cash management. |
| Product | Belvo provides open finance infrastructure for companies to connect to users’ accounts, understand financial data, and move money. | Pluggy provides Open Finance infrastructure for software to read financial data and move money in Brazil through one API. |
| Security | Belvo says data at rest is encrypted with AES 256 and RSA 2048, while data in transit uses TLS 1.2 with TLS 1.3 supported. | Pluggy says its connection is encrypted and that users’ access credentials are not shared with third parties. |
| Support | The pricing page lists standard support by email and premium support through Slack and video conference. | Pluggy offers ticket support and a Discord community, with specialized technical support and ticket SLA for Pro and Enterprise customers. |
Plans
In their own words
Belvo
Belvo provides open finance infrastructure for companies connecting customer accounts, interpreting financial data, and moving money in Latin America. It connects retail and business bank accounts with official employment and fiscal records. Banking data includes real-time account information and up to 24 months of standardized, categorized transactions. Additional data features cover transaction categorization, income verification, recurring expense detection, and risk insights. Payment products include recurring direct debit collections in Mexico and one-tap Pix payments in Brazil. Developers can build integrations through the API, developer hub, quickstart guide, and API reference. Connection methods include a hosted widget, API, regulated open finance consent flow, and institution credentials; refreshes are scheduled. Data is encrypted with AES 256 and RSA 2048 at rest and TLS 1.2 in transit, with TLS 1.3 supported. Belvo lists ISO/IEC 27001:2022 certification and PCI DSS Level 1 compliance. Sandbox access is free; production requires a paid plan. Launch costs $1,000 a month, while Growth pricing is custom.