Finerio Connect
Finerio Connect is a Mexico City-based Open Finance API platform serving banks, neobanks, lenders, and regulators across Latin America. It provides financial data aggregation, transaction categorization, and white-label personal finance management built on Open Banking infrastructure.
- Company typePrivate
- Founded2020
- HeadquartersMexico City, Mexico
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What Finerio Connect does
Finerio Connect is a Mexico City-based Open Finance API infrastructure provider serving banks, neobanks, lenders, fintechs, and financial regulators across Latin America. Founded in April 2020 as the first Open Banking API in Spanish-speaking Latin America, the company built on consumer-facing personal finance technology originally developed starting in 2016-2017. The platform aggregates financial data from multiple bank accounts, enriches and categorizes transactions across 78+ categories, and exposes standardized data, payment, and embedded finance APIs. The technology stack combines Finerio Connect's regional LATAM expertise with Ozone API's global Open Banking technical standards and Visa's payment infrastructure, positioning the company as a comprehensive Open Finance hub for the region.
The company's product portfolio is organized into four core modules: Bank Aggregation (connecting to financial institutions and retrieving account and transaction data), Data Categorization & Enrichment (processing raw financial data into structured customer profiles), Personal Finance Experience (white-label PFM tools for end users), and Open Finance in a Box (SaaS infrastructure for banks and regulators to implement Open Finance ecosystems). The company claims a 98% connection success rate, 80%+ categorization accuracy across LATAM, and 3-month average implementation timelines versus years for internal build. Notable clients include Bancolombia, Destácame, and Fintonic, with 120+ B2B clients and 1M+ end users reported as of October 2023.
Finerio Connect generates revenue through API usage fees, subscription licensing for Open Finance infrastructure, and professional services for implementation, using an enterprise sales motion with quote-based pricing. The go-to-market combines direct enterprise sales targeting banks and financial institutions with channel partnerships through Visa, Ozone API, Mastercard, and regional players. Total disclosed funding is approximately $8.3M across multiple rounds since 2017, with the most recent $6.5M round in October 2023 led by Third Prime and including Visa and Bancolombia as strategic investors. The company is led by Co-CEOs and co-founders José Luis López and Nick Grassi, and operates across Mexico, Colombia, Brazil, and Chile.
Finerio Connect firmographics
Firmographics- Name
- Finerio Connect
- Legal name
- Finerio Connect
- Website
- https://finerioconnect.com
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Finerio Connect is a Mexico City-based Open Finance API platform serving banks, neobanks, lenders, and regulators across Latin America. It provides financial data aggregation, transaction categorization, and white-label personal finance management built on Open Banking infrastructure.
- Ownership category
- akta.pro rank
Finerio Connect industry classification
Industry- Product category
- Open Finance / Open Banking API Infrastructure
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Activities Related to Credit Intermediation (5223)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Account Aggregation & Connectivity (Multi-bank linking) (FSAGACAA)
- akta.pro secondary industries
- Open Finance Expansion (investments, pensions, insurance, utilities data) (FSAGACAK), Open Banking, Account Aggregation & Payment Initiation APIs (BPAMAFAJ), Risk, Compliance & Controls for Embedded Finance (KYB/KYC/AML, Fraud, Disputes) (FSAGALAK), Alternative Data & Credit Scoring (Cashflow, Telco, Utility, Open Banking) (FSAGAHAC)
Keywords
Where Finerio Connect is headquartered
LocationHeadquarters
- HQ city
- Mexico City
- HQ country
- Mexico
- HQ region
- Latin America
Offices1 record
Markets served
Finerio Connect business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- API Usage Fees: Revenue generated from API calls for data and payments, including revenue share models with fintechs. Financial institutions pay for accessing financial data APIs through the Open Finance in a Box platform.
- Subscription Licensing: SaaS-based subscription model for Open Finance infrastructure access, with flexible adaptations to regulations and comprehensive platform usage.
- Professional Services: Implementation services and technical know-how for banks, financial institutions, and regulators to deploy Open Finance solutions, including design and technical standards implementation.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Annual | Enterprise pricing tailored to bank and financial institution needs |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels6 records
Finerio Connect product offering
Product offeringCore offering
Finerio Connect provides an Open Finance API platform for Latin America that aggregates and processes financial data from multiple banks, categorizes transactions across 78+ categories, and delivers white-label Personal Finance Management (PFE) experiences. Its 'Open Finance in a Box' SaaS infrastructure enables banks, financial institutions, fintechs, and regulators to implement Open Banking/Open Finance with FAPI 2.0 API standardization, consent management, and regulatory compliance. The platform combines bank connectivity, data enrichment, and embedded finance/payment APIs through strategic partnerships with Ozone API and Visa.
Product overview
Finerio Connect is an open finance platform for Latin America offering a modular product portfolio centered around financial data aggregation, processing, and delivery. The platform consists of four core modules: Bank Aggregation for connecting to financial institutions and retrieving account/transaction data; Data Categorization & Enrichment for processing and classifying financial data across 78+ categories; Personal Finance Experience (PFE) for delivering white-label financial management tools to end users; and Open Finance in a Box as the underlying API infrastructure enabling banks and regulators to implement Open Finance ecosystems. The modules work together to provide a complete open finance solution from data ingestion through to end-user experience.
Differentiator
Problem solved
Functional benefit
Products and services
- Bank Aggregation Financial data aggregation solution enabling seamless API connections to multiple bank accounts, providing access to account information, standardized and categorized transactions, balance sheets, and financial insights. Serves banks, lenders, and fintechs in LATAM with 98% connection success rate.
- Data Categorization & Enrichment Data enrichment solution that processes raw financial information into comprehensive customer profiles, featuring high-precision categorization across more than 78 categories and subcategories with 80%+ accuracy across all of LATAM.
- Personal Finance Experience (PFE) White-label personal finance management tool enabling end users to manage finances through comprehensive insights, expense tracking, budgeting tools, and financial goal management. Fully functional implementation within 3 months; users save 21% on average.
- Open Finance in a Box Comprehensive Open Finance SaaS infrastructure enabling banks, financial institutions, and regulators to implement Open Finance with embedded finance, payment, and data APIs. Includes FAPI 2.0 API standardization, consent management, certifications, and compliance layer. Up to 10X lower development and maintenance vs internal development.
Quantifiable outcome
- 98% success rate at bank connection
- +5 more outcomes
Companies that use Finerio Connect
Customer profileNamed customers3 records
Segments4 records
Ideal customer profiles4 records
Finerio Connect technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability3 records
Feature5 records
Finerio Connect partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and minor.
- TecBancorePartnership with TecBan for Brazil market expansion. TecBan offers solutions integrating physical and digital for Brazil's economic ecosystem, enabling Finerio Connect to provide personal finance management solutions in Brazil.
- Ozone APIcoreStrategic technology partnership combining Finerio Connect's LATAM market expertise with Ozone API's global Open Banking technical standard (used in UK OBIE and globally). Ozone's SaaS platform enables exposure of data, payment, and embedded finance APIs. 60+ worldwide banks expose their APIs through Ozone.
- VisacoreStrategic partnership for payment infrastructure and go-to-market collaboration. Visa's global leader in payment infrastructure combines with Finerio Connect's Open Finance expertise. Romina Seltzer, Head of Products & Innovation for Visa LAC, notes open banking expands traditional financial services offerings.
- qiipminorCollaboration with qiip to improve personal finance services, allowing both companies to offer better services to their respective users.
- GuiabolsocoreAlliance with Guiabolso to expand Open Banking and personal finance operations across Latin America, combining both companies' expertise and customer bases.
- Mastercard Start PathcoreFinerio Connect selected for Mastercard Start Path program to accelerate development, gaining access to Mastercard's network and resources for fintech growth.
Scale indicators9 records
Recent moves8 records
Expansion highlights6 records
Finerio Connect competitors and assessment
Company assessmentDirect peers
- Belvo: LATAM-focused Open Banking API platform headquartered in Mexico, offering bank aggregation, payment initiation, and financial data APIs. Directly comparable as the most prominent regional Open Banking competitor serving similar banks, lenders, and fintechs across Mexico, Brazil, and Colombia.
- TrueLayer: European Open Banking API platform offering account aggregation and payment initiation to banks, fintechs, and lenders. Comparable in business model (API-first, B2B) and product suite (data aggregation, PFM enablement, embedded finance), though focused on UK/EU rather than LATAM.
- Yapily: European Open Banking infrastructure provider offering account aggregation and payment initiation APIs. Comparable as API-first B2B platform serving financial institutions and fintechs, though with EU geographic focus.
- MX Technologies: US-focused Open Finance platform providing data aggregation, financial insights, and connectivity to banks and fintechs. Comparable in serving banks and lenders with enriched financial data and personal finance management capabilities.
Emerging players
- Z1: LATAM digital banking platform for teens, offering financial data and personal finance features. Comparable as a regional fintech using Open Banking infrastructure for PFM and youth banking experiences.
Others
- Lemon Cash: LATAM crypto-fintech app using financial data aggregation for enhanced user experiences. Comparable as a downstream user of Open Banking APIs in LATAM, though operating in a different primary vertical (crypto).
Broad incumbents
- Plaid: Global leader in bank aggregation and Open Banking APIs with rapid LATAM expansion. Comparable in core API infrastructure and target customer base (fintechs, lenders, neobanks), but with much larger scale, broader geographic coverage, and stronger balance sheet.
- Finicity (Mastercard): Mastercard-owned Open Banking platform providing data aggregation and financial insights. Comparable in core aggregation capabilities and target segments, but operates as part of Mastercard's broader payments and identity portfolio rather than as a standalone specialist.
Regional players
- Bitso: Leading LATAM crypto and fintech platform. Comparable as a Mexico-founded, LATAM-focused fintech ecosystem player, though primarily focused on crypto/remittance rather than Open Banking infrastructure.
- Guiabolso: Brazilian personal finance management platform and Open Banking player that has an alliance partnership with Finerio Connect. Comparable in PFM and Open Banking focus, but Brazil-focused rather than pan-LATAM.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Finerio Connect social profiles
Digital presenceFinerio Connect compliance and trust
Trust signalCompliance1 record
Finerio Connect financial estimates
Financial estimateRevenue estimate
Valuation estimate
Finerio Connect leadership team
Management profileNumber of profiles
Profiles3 records
Finerio Connect funding detail
Funding detailFunding overview
Funding rounds7 records
Investors16 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Finerio Connect M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Finerio Connect
What does Finerio Connect do?
Finerio Connect provides an Open Finance API platform for Latin America that aggregates and processes financial data from multiple banks, categorizes transactions across 78+ categories, and delivers white-label Personal Finance Management (PFE) experiences. Its 'Open Finance in a Box' SaaS infrastructure enables banks, financial institutions, fintechs, and regulators to implement Open Banking/Open Finance with FAPI 2.0 API standardization, consent management, and regulatory compliance. The platform combines bank connectivity, data enrichment, and embedded finance/payment APIs through strategic partnerships with Ozone API and Visa.
Is Finerio Connect a public or private company?
Finerio Connect is a private company. It is classified as venture growth investor backed and is currently operating.
When was Finerio Connect founded?
Finerio Connect was founded in 2020. It employs 51 to 100 people.
Where is Finerio Connect based?
Finerio Connect is headquartered in Mexico City, Mexico, in the Latin America region.
How does Finerio Connect make money?
Three revenue lines are on record. API Usage Fees are the primary driver. The others are subscription Licensing and professional Services.
Who are Finerio Connect's main competitors?
Direct peers on record are Belvo, TrueLayer, Yapily and MX Technologies. Z1 is listed as an emerging player. Lemon Cash is listed as an others. Broad incumbents are Plaid and Finicity (Mastercard). Regional players are Bitso and Guiabolso.
Does Finerio Connect have an API?
Yes. Finerio Connect offers an API that enables banks, financial institutions, and fintechs to integrate open finance capabilities. The API allows access to financial data aggregation, data categorization and enrichment, and open banking/open finance functionality. The Finerio Connect API Hub is built in partnership with Ozone API and Visa, providing data, payment, and embedded finance APIs with global standards and best practices. Developer documentation is at finerioconnect.com/en.
What industry is Finerio Connect in?
Finerio Connect's product category is Open Finance / Open Banking API Infrastructure. Its primary akta.pro industry code is FSAGACAA, Account Aggregation & Connectivity (Multi-bank linking), with a secondary code of FSAGACAK, Open Finance Expansion (investments, pensions, insurance, utilities data). Its NAICS code is 522320 and its SIC code is 6199.