What BICE Ventures does

BICE Ventures is the Corporate Venture Capital (CVC) and Company Builder division of Grupo BICE, a Chilean financial services conglomerate controlled by the Matte family. The entity operates a dual business model: a CVC arm that invests in early-stage Latin American startups from Pre-Seed through Series A across fintech, insurtech, data & AI, and wellness verticals; and a Company Builder arm that creates and scales internal digital ventures using Grupo BICE's banking infrastructure, regulatory license, and customer base. The CVC has executed three disclosed rounds (Shinkansen US$1M Pre-Seed in May 2022, Datamart US$6.3M Seed in February 2023, and Fintoc US$7M Series A in April 2024) and offers portfolio companies a venture-client relationship with BICE Group. The Company Builder portfolio includes BICE Connect, a Banking-as-a-Service (BaaS) platform launched in 2022 that provides APIs for payment disbursement, account validation, and statement reconciliation; BICE LifePlan, a digital savings and retirement advisory product; Beliv by BICE, a corporate wellness platform launched in November 2023; Clever, a 100% digital investment platform; Amparo ID (BICE ID), a Regtech identity-verification solution launched in 2024 using NFC, biometrics, and AI; and a forthcoming corporate credit card built with VISA and Mendel. BICE Connect processed 110,000+ transactions in 2023 and its flagship partnership with Shinkansen projected US$500 million in automated transfers for that year. Revenue is generated through a mix of BaaS transaction fees on BICE Connect, recurring subscription fees on LifePlan, Beliv, and Clever, and equity appreciation on CVC investments; pricing is not publicly disclosed. The company is headquartered in Santiago, Chile, and was founded in 2022, with BICE Ventures recognized by MIC Innovation as the leading CVC in Chile's financial sector in 2023.

Name

BICE Ventures

Legal name

BICE Ventures

Website

https://biceventures.com

Company type

Private

Founded year

2022

Operating status

Operating

Short description

BICE Ventures is the Corporate Venture Capital and Company Builder arm of Chilean bank Grupo BICE, investing Pre-Seed to Series A in LatAm fintech/insurtech startups and operating in-house digital products including the BICE Connect BaaS platform, LifePlan, Beliv, and Amparo ID identity verification.

Ownership category

akta.pro rank

Product category

Corporate Venture Capital & Financial Innovation

NAICS

Portfolio Management and Investment Advice (523940), Other Financial Vehicles (52599)

SIC

Finance Services (6199)

akta.pro primary industry

Corporate Venture Capital (CVC) (FSANAAAF)

akta.pro secondary industries

Corporate Fintech / Insurtech CVC (Financial-services-led CVC) (FSANAHAK), Corporate LP Programs (Corporate as LP in VC/PE funds) (FSANAHAH), Corporate Strategic Partnership & Ecosystem Investment Arms (FSANAHAF)

Keywords

• Corporate venture capital
• Banking-as-a-service
• Fintech investments
• Company building
• Digital financial services

Headquarters

HQ city

Santiago

HQ country

Chile

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Others

Revenue model

1. CVC Investment Returns: Equity investments in early-stage fintech, insurtech, and wellness startups. Returns generated through equity appreciation, exit events, and strategic synergies with BICE Group businesses.
2. BaaS Platform Revenue: BICE Connect generates revenue by providing banking infrastructure APIs to enterprises, enabling payment processing, account validation, and reconciliation services.
3. Beliv by BICE Wellness Platform: Corporate wellness platform providing tools for healthy habits, points accumulation, and prize redemption for employee wellbeing programs.
4. BICE LifePlan Pension Advisory: Digital pension advisory services combining savings, investment, protection and retirement planning solutions.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels5 records

Core offering

BICE Ventures operates a dual model as the Corporate Venture Capital (CVC) and Company Builder of Grupo BICE. The CVC arm invests at Pre-Seed, Seed, and Series A stages in early-stage startups in Fintech, Insurtech, Data & AI, and Wellness verticals across Chile and Latin America. The Company Builder arm creates internal digital ventures leveraging BICE's banking infrastructure, including BICE Connect (Banking-as-a-Service API platform), BICE LifePlan (retirement planning), Beliv by BICE (corporate wellness), Amparo ID (identity verification), and Clever (digital investment).

Product overview

BICE Ventures is the Corporate Venture Capital (CVC) and Company Builder of Grupo BICE, operating a dual business model across two pillars: CVC investing in early-stage startups (Pre-Seed to Series A) in Fintech, Insurtech, Data & AI, and Wellness across Chile and Latin America; and Company Builder creating in-house disruptive businesses leveraging the BICE ecosystem. The portfolio is organized into two main product/service clusters: (1) BaaS and Financial Infrastructure — anchored by BICE Connect (Banking-as-a-Service API platform for payments, account validation, and reconciliation), alongside its portfolio investments Shinkansen (payment automation), Datamart (financial data processing), and Fintoc (payment initiation); (2) Digital Financial and Wellness Products — comprising BICE LifePlan (savings/investment/retirement), Beliv by BICE (corporate wellness), Clever (digital investment platform), Aura by BICE (employee wellness rewards), and the forthcoming Tarjeta de Crédito Corporativa BICE (corporate credit card with VISA/Mendel). Supporting both pillars is Amparo ID (BICE ID), a Regtech identity verification solution using NFC, biometrics, and AI for fraud prevention. BICE Connect serves as the foundational API infrastructure across multiple products, while the portfolio companies integrate with it or complement its capabilities.

Differentiator

Problem solved

Functional benefit

Brands

• BICE Connect: Banking-as-a-Service platform that delivers financial services to enterprises through APIs including payment disbursements, account validation, and reconciliation.
• Beliv by BICE
• BICE LifePlan
• Amparo ID (BICE ID)
• Clever by BICE
• Tarjeta de Crédito Corporativa BICE

Products and services

• BICE Connect Banking-as-a-Service (BaaS) platform providing APIs for payment disbursement, account validation, statement reconciliation, and transfer automation to enterprises and fintechs in Chile.
• BICE LifePlan Digital savings, investment, and retirement planning platform offering personalized financial advisory services and digital tools to build savings and protection plans.
• Beliv by BICE Corporate wellness platform that helps companies improve employee physical and mental wellbeing through habit-forming tools, point accumulation, reward redemption, and team impact tracking.
• Amparo ID (BICE ID) Regtech identity verification solution designed to prevent identity fraud using NFC technology, biometrics, and AI, enabling secure online identity verification in under two minutes.
• Tarjeta de Crédito Corporativa BICE Corporate credit card for businesses, backed by VISA and powered by Mendel technology, featuring configurable pre-consumption controls, expense management platform, and a mobile app for employees.
• Clever by BICE 100% digital investment platform with BICE's backing, offering personalized financial advisory services based on users' financial needs and goals.
• Aura by BICE

Quantifiable outcome

• BICE Connect processed 110,000+ transactions in 2023
• +2 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

AI capability7 records

Feature4 records

Partnerships

Three partnerships are on record, tiered core.

• Mercado PagocoreStrategic or Co-development PartnerBICE and Mercado Pago launched an unprecedented embedded finance product enabling Mercado Pago digital account balances to be automatically invested in BICE for daily returns.
• VISAcoreStrategic or Co-development PartnerVISA backs BICE's first corporate credit card in Chile, providing brand support and payment network infrastructure.
• MendelcoreTechnology or IntegrationMendel provides technology platform for BICE's corporate credit card with expense management features.

Scale indicators9 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Belvo: LatAm open banking and financial data API platform operating across multiple LatAm countries. Comparable as a BaaS/open banking competitor that targets fintech and enterprise clients in the same geographies as BICE Connect.
• Pomelo: LatAm-focused Banking-as-a-Service platform enabling companies to embed financial services via APIs. Comparable as a BaaS competitor in Chile and broader LatAm, overlapping directly with BICE Connect's offering.
• BBVA Spark: BBVA's fintech-focused CVC and venture builder program, investing in financial infrastructure and embedded finance startups globally. Comparable as a global bank's CVC with fintech specialization and company-building capability.
• Santander Ventures: Corporate venture capital arm of Grupo Santander, co-investor with BICE in Datamart's seed round. Comparable as a fellow LatAm-focused bank CVC investing in fintech infrastructure.
• Wayra (Telefónica): Corporate venture capital arm of Telefónica investing in early-stage tech startups across Latin America and Europe. Comparable as a fellow telco/bank-adjacent CVC with similar Pre-Seed to Series A focus and venture-client style support.

Broad incumbents

• Citi Ventures: Citi's global CVC arm investing in fintech, enterprise, and consumer technologies. Comparable as a major global bank's venture arm but operates at vastly greater scale and across broader geographies.
• Visa Ventures: Visa's corporate venture arm investing in payments, fintech, and embedded commerce globally. Comparable as BICE Ventures' strategic partner (VISA backs the corporate credit card) and a fellow fintech-focused CVC.
• Itaú Asset Management / Itaú CVC: Itaú Unibanco's venture and innovation initiatives targeting fintech and digital banking in Brazil and broader LatAm. Comparable as a major LatAm bank's CVC with similar banking infrastructure and fintech investment focus.
• Mastercard Foundry: Mastercard's innovation and venture engagement program for fintech and commerce startups. Comparable as a payments-network-aligned CVC and innovation partner for banks and fintechs in LatAm.

Regional players

• Banco de Crédito del Perú (BCP) Innovation Lab: Peruvian bank's digital innovation and venture initiatives focused on fintech adoption in Peru. Comparable as a regional bank pursuing digital transformation but operating in a different country from BICE Ventures' Chile core.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/biceventures
• LinkedInlinkedin.com/company/bicecorp

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about BICE Ventures