Honest comparison

finO$ vs Belvo

Spoiler: they solve different problems. Belvo aggregates accounts live via OAuth. finO$ processes PDF bank statements. Many teams use both.

Feature finO$ Belvo
Access model Processes user-uploaded PDFs Live OAuth connection to bank account
LATAM bank coverage 60+ banks MX/CO/AR/CL/PE via PDF 40+ banks via Open Finance MX/CO/BR
Pricing $5 MXN per processed page (pay-as-you-go) Monthly plan + per-API-call (custom)
Historical data Any PDF the user has (years back) Depends on bank (typically 90 days – 12 months)
Real-time data No (processes on upload) Yes (frequent refresh)
Needs bank credentials No Yes (OAuth or screen scraping)
Works if bank lacks Open Finance Yes No
Structured output (JSON) Yes Yes
Transaction categorization Yes, built-in Yes, built-in
CLABE and tax data (MX) Yes (specific extraction) Partial (bank-dependent)

When to use each one?

Use finO$ if...

  • Your user only has historical PDFs (3, 6, 12 months back)
  • You process client batches (accountants, firms)
  • Your target bank does not support Open Finance yet
  • You don't want to ask the user for bank credentials
  • Your use case is underwriting or reconciliation with physical docs
  • You want predictable pricing per document ($5 MXN/page)

Use Belvo if...

  • Your user is willing to OAuth-authorize their bank
  • You need real-time data with frequent refresh
  • Your product is a SaaS app with thousands of active users
  • Your primary market is Brazil (Open Finance Brasil)
  • You need to initiate PIX or SPEI payments via API
  • The user will use your app continuously, not in batch
Visit Belvo

Frequently asked questions

Do finO$ and Belvo compete directly?

Not really. They solve different problems. Belvo is an Open Finance / account aggregation API (OAuth) — ideal for apps needing live bank data with user authorization. finO$ is a PDF extraction API — ideal for processing historical statements or when OAuth is unavailable. Many customers use both.

When to use finO$ and when Belvo?

Use Belvo when: (a) user is willing to authorize OAuth, (b) you need real-time data, (c) your product requires continuous refresh (e.g., lending fintech with monitoring). Use finO$ when: (a) user only has PDFs, (b) you need deep historical data, (c) the bank does not support Open Finance, (d) you process batches of many clients (accountants, firms).

Which is cheaper?

Depends on volume. finO$ is transparent: $5 MXN per page. Belvo has custom pricing based on API calls, active connections, and bank. For variable or batch volume (accounting firms), finO$ tends to be more predictable and cheaper. For SaaS apps with thousands of active users on live data, Belvo can be more efficient.

Can I migrate from Belvo to finO$?

Yes, if your use case fits PDF processing. finO$ JSON is compatible with most pipelines and SDKs cover the same languages. Contact sales@getfinos.com for help with migration.

Does Belvo process PDFs?

No, Belvo focuses on live OAuth/screen scraping connections. If you need to process PDFs, finO$ is the option.