BelvovsTrueLayer

Belvo vs TrueLayer

Open banking API aggregator comparison — coverage, markets, and capabilities side by side.

Belvo vs TrueLayer: both are open banking API aggregators offering account information (AIS) and payment initiation (PIS). TrueLayer has the broader connectivity footprint (64 vs 4 countries of bank coverage), and they overlap on 4 shared markets. Belvo is headquartered in MX, while TrueLayer is based in GB.

Belvo
Option A

Belvo

HQ: MX
TrueLayer
Option B

TrueLayer

HQ: GB

Belvo vs TrueLayer at a glance

BelvoTrueLayer
HeadquartersMXGB
Market focusLatin AmericaMulti-region
Countries covered464
Institutions tracked1870
Account data (AIS)
Payments (PIS)
Verification
RegulatedOpen Finance BrasilFCA, Central Bank of Ireland, PSD2
Sandbox
Pricing modelSubscription tiers (Launch from $1,000/mo) + custom GrowthCustom / enterprise quote; payments priced per transaction
Free production tier——
Developer portal
Sources
3 sources
4 sources
View BelvoView TrueLayer

Belvo vs TrueLayer: bank coverage overlap

Belvo and TrueLayer share 4 markets where both connect to banks. Belvo additionally reaches 0 markets TrueLayer does not, while TrueLayer reaches 60 markets Belvo does not (AE, AL, AT, AU, BD, BE, BG, CA…).

Coverage figures are derived from verified per-bank connectivity data tracked on Open Banking Tracker, not provider marketing claims. See the coverage explorer for the full breakdown by continent.

Choose Belvo if…

  • your focus market is Latin America
  • you prefer a provider headquartered in Mexico

Choose TrueLayer if…

  • you need the widest country coverage (64 markets)
  • you want the largest number of connected institutions (70)
  • you prefer a provider headquartered in the United Kingdom

Frequently asked questions

What is the difference between Belvo and TrueLayer?

Belvo vs TrueLayer: both are open banking API aggregators offering account information (AIS) and payment initiation (PIS). TrueLayer has the broader connectivity footprint (64 vs 4 countries of bank coverage), and they overlap on 4 shared markets. Belvo is headquartered in MX, while TrueLayer is based in GB.

Which has wider bank coverage, Belvo or TrueLayer?

TrueLayer has wider coverage, reaching 64 countries versus 4 for Belvo. They overlap on 4 shared markets.

Can I use both Belvo and TrueLayer?

Yes. Many teams use more than one open banking aggregator — for example one for its strongest region and another for fallback coverage or specific institutions. Both Belvo and TrueLayer expose account information (AIS) and payment initiation (PIS) APIs that can run in parallel.

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