"The goal is to take this knowledge of credit, open finance, and social inclusion to other countries in Latin America," Bruno Chan, CEO and cofounder of fintech, told Finsiders. According to him, while in Brazil around 30% to 35% of the population has access to credit, in other nations in the region this slice is smaller.
The interest in exploring Aztec soil is justified by the size of the opportunity. The second largest country in Latin America, it has more than 130 million inhabitants and a GDP of approximately US$1.4 trillion in 2022, according to the International Monetary Fund (IMF). "In Mexico, less than 15% of the people have access to credit," Bruno exemplifies.
The plan to land in other countries begins to be designed at a time of expansion of Klavi, which has been scaling amid the advancement of Open Finance in Brazil. Currently, the fintech serves customers such as Banco BV, Telefonica, Nuclea (formerly CIP), Gorila, Jeitto, Supersim, Simplic, Portocred, Zippi, among others.
The fintech platform has processed more than 450 million transactions and performed more than 4 million connections in more than 30 financial institutions, as well as bureaus, fintechs, and startups. Recently, the company also launched a credit score that uses data exclusively from Open Finance.
In operation since early 2020, Klavi is capitalized to follow through with its plans. In August last year, it raised a Series A of $15 million, and three months later made an extension of the investment, bringing in the captable the Corporate Venture Capital (CVC) fund of BV Bank and RX Ventures, Renner's CVC fund.
With the evolution of Open Finance in Brazil, players such as Klavi are gaining strength, but it is not alone. Belvo, which has operations in Brazil, Mexico and Colombia, has more than 200 clients and has already raised US$ 56 million in investment rounds.
The market for Open Finance solutions and platforms brings together, among others, names such as Quanto - invested by Itaú and Bradesco - Pluggy, Akropoli, and Celcoin - which recently bought Finansystech to advance in this area.
"The goal is to take this knowledge of credit, open finance, and social inclusion to other countries in Latin America," Bruno Chan, CEO and cofounder of fintech, told Finsiders. According to him, while in Brazil around 30% to 35% of the population has access to credit, in other nations in the region this slice is smaller.
The interest in exploring Aztec soil is justified by the size of the opportunity. The second largest country in Latin America, it has more than 130 million inhabitants and a GDP of approximately US$1.4 trillion in 2022, according to the International Monetary Fund (IMF). "In Mexico, less than 15% of the people have access to credit," Bruno exemplifies.
The plan to land in other countries begins to be designed at a time of expansion of Klavi, which has been scaling amid the advancement of Open Finance in Brazil. Currently, the fintech serves customers such as Banco BV, Telefonica, Nuclea (formerly CIP), Gorila, Jeitto, Supersim, Simplic, Portocred, Zippi, among others.
The fintech platform has processed more than 450 million transactions and performed more than 4 million connections in more than 30 financial institutions, as well as bureaus, fintechs, and startups. Recently, the company also launched a credit score that uses data exclusively from Open Finance.
In operation since early 2020, Klavi is capitalized to follow through with its plans. In August last year, it raised a Series A of $15 million, and three months later made an extension of the investment, bringing in the captable the Corporate Venture Capital (CVC) fund of BV Bank and RX Ventures, Renner's CVC fund.
With the evolution of Open Finance in Brazil, players such as Klavi are gaining strength, but it is not alone. Belvo, which has operations in Brazil, Mexico and Colombia, has more than 200 clients and has already raised US$ 56 million in investment rounds.
The market for Open Finance solutions and platforms brings together, among others, names such as Quanto - invested by Itaú and Bradesco - Pluggy, Akropoli, and Celcoin - which recently bought Finansystech to advance in this area.