Finerio Connect

Finerio Connect is a Mexico City-based open finance and open banking infrastructure provider operating across Latin America. Founded in 2016 by Jose Luis Lopez Amador and Nick Grassi, the company initially launched as a consumer-facing personal finance management application in 2018, gaining approximately 250,000 users within its first year in Mexico. In 2020, responding to Mexico's Fintech Law and growing regulatory trends toward open banking in the region, Finerio Connect pivoted to a business-to-business model, repositioning itself as a white-label technology provider for financial institutions. The company offers an Application Programming Interface that enables financial data aggregation, data enrichment, categorization, and analysis. Its platform allows banks, fintechs, insurers, and other financial institutions to connect bank accounts, process transaction data, and create personalized financial experiences in compliance with regulatory frameworks. Finerio Connect serves over 120 financial institutions and fintech clients across Mexico, Colombia, Chile, and Brazil, including banks, neobanks, and lending platforms. The platform supports account aggregation, transaction categorization, risk assessment for underwriting, fraud detection, and personalized financial dashboards. The company partners with industry organizations including Ozone API and Visa, and emphasizes compliance with open banking and open finance regulatory requirements specific to Latin America, including support for Financial-grade API standards. In October 2023, Finerio Connect raised a $6.5 million Series A funding round led by Third Prime, with participation from Visa, Bancolombia Ventures, Krealo, Alaya Capital, Gaingels, Plug and Play, and Winklevoss Capital. The company reported API usage growth of 700% over 18 months and more than $1 million in annual recurring revenue. Finerio Connect has offices in Mexico City, Bogotá, and Santiago.