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Launch HN: Belvo (YC W20) – Financial Data API Platform for Latin America

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Re: Launch HN: Belvo (YC W20) – Financial Data API Platform for Latin America

#21

Is this a duplicate launch post? I seem to recall this posted previously within the last 72 hours, but that thread has disappeared (I had favorited it, but is no longer in my favorites).

That confusion was partly caused by us and the founders being in different time zones, which caused some coordination hiccups. Sorry!

Re: Launch HN: Belvo (YC W20) – Financial Data API Platform for Latin America

#22
post #4

That's a big no-no: > The connection to bank institutions are made using the bank websites. When using Belvo, customers would need to user their website bank credentials, not the mobile ones if different.

We always try to do our dev work and connect to both the website and the app. In many (most) instances, though, in Latam going via web is the only way forward. That being said, we actively work with banks to partner up and establish direct connections too.

wouldn't this be slow? Is it legal in LATAM for screen scrapping API?

Re: Launch HN: Belvo (YC W20) – Financial Data API Platform for Latin America

#23
post #21

Is this a duplicate launch post? I seem to recall this posted previously within the last 72 hours, but that thread has disappeared (I had favorited it, but is no longer in my favorites).

That confusion was partly caused by us and the founders being in different time zones, which caused some coordination hiccups. Sorry!

Wasn't intended as pejorative, just curious. Feel free to nuke this subthread to remove noise from their post.

Re: Launch HN: Belvo (YC W20) – Financial Data API Platform for Latin America

#24
post #11

Having been working on open banking for the past 12 months, I can see a lot of similarity and potential here. If I'm correct, you're trying to be true layer for Latin America. Now question time, maybe a bit harsh but you need to think about it. 1. simple one, where is the user authentication flow? 2. the harsh one: as the same problem in OB, just curious what's your thought about building the trust between a third pa…

Conversely, Plaid has been pretty successful here.

Yeah, we know the guys at Plaid pretty well and we're big fans of the infrastructure they have created for fintechs and new financial services.

Re: Launch HN: Belvo (YC W20) – Financial Data API Platform for Latin America

#25

Earlier quoted context omitted.

We always try to do our dev work and connect to both the website and the app. In many (most) instances, though, in Latam going via web is the only way forward. That being said, we actively work with banks to partner up and establish direct connections too.

wouldn't this be slow? Is it legal in LATAM for screen scrapping API?

Partnering with banks you mean? Yeah, banks are slow to move but in Latam they're also pretty keen to partner up with fintechs if they see a win/win.

We work on the premise of end-users granting us permission to access and share the data they want for the means/apps they want. So there're an opt-in here. There's no general legal framework against this.

Re: Launch HN: Belvo (YC W20) – Financial Data API Platform for Latin America

#28
nice, congrats! looking forward to use it when it releases in brazil :)

side note -- it's interesting that you guys are focusing on LATAM but hiring in europe (i looked through your jobs page because i know some really good LATAM python devs that are looking for new challenges)

Re: Launch HN: Belvo (YC W20) – Financial Data API Platform for Latin America

#29

nice, congrats! looking forward to use it when it releases in brazil :) side note -- it's interesting that you guys are focusing on LATAM but hiring in europe (i looked through your jobs page because i know some really good LATAM python devs that are looking for new challenges)

Our product / tech team is mostly based in Barcelona (early team at least) but we'll actively grow our tech team in Latam as well - mostly Mexico City. Happy to get connected to folks you might think would be a good fit. :)

Re: Launch HN: Belvo (YC W20) – Financial Data API Platform for Latin America

#30
That's an awesome platform, I'll start implementing it in my startup!

Just a little feedback:

I just signed up, but I don't know if it was a special case; Your sign up flow was broken for me: Filled the basic info in the first page of the signup flow (where you ask for email/password/name) and in the second part (the one of the URL and what we are building) just jumped an error saying that I should retry later. I just clicked again the button and nothing happened. Opened the developer console, inspected the network and I saw the error message: "This user is already signed up".

Ok... Now I'm in the user panel, all good, but please show more information to the user, more if you are trying with a delicate thing like finances.

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