10 Best Token Alternatives & Competitors (2026)

Plaid is a leading US-centric open banking platform connecting apps to bank accounts for verification, transactions, and payments. It excels in North American coverage with robust developer tools and income verification but offers limited native support for Latin American data sources like Mexican employment records or Brazilian Pix biometrics. Compared to Belvo, Plaid provides broader global expansion potential yet lacks Belvo's deep LatAm regulatory focus and AI-driven fiscal insights, making it less ideal for Mexico or Brazil-specific lending and checkout flows.

TrueLayer delivers open banking infrastructure primarily across Europe with payments, data aggregation, and verification APIs. Strengths include fast account connections and strong compliance tooling. Versus Belvo it lacks specialized LatAm employment or fiscal datasets and regional payment methods like direct debit in Mexico, positioning it better for European fintechs than for scaling credit decisions or recurring collections in Latin America.

Tink provides open banking data and payment solutions across Europe with account aggregation and risk analytics. It offers solid developer resources and categorization features. In comparison to Belvo, Tink has minimal presence in Mexico or Brazil and does not match Belvo's biometric Pix or employment score capabilities, making it a weaker fit for LatAm financial innovators focused on onboarding speed and AI collections.

Salt Edge offers global open banking connectivity with data enrichment and PSD2-compliant APIs. Its strengths lie in multi-region support and fraud prevention tools. Relative to Belvo it provides less emphasis on Latin American fiscal data or instant Pix payments, resulting in lower relevance for users needing Belvo-style employment verification and recurring revenue optimization in Mexico and Brazil.

Yapily focuses on European open banking with consent management and payment initiation. It is developer-friendly with quick integration options. Compared to Belvo, Yapily lacks coverage of LatAm-specific data types such as employment metrics or tax returns and does not support regional payment schemes, reducing its suitability for Belvo's core use cases in lending and e-commerce checkout.

Flinks delivers open finance data connectivity mainly in Canada with account verification and transaction insights. Its platform emphasizes security and analytics. Against Belvo it offers narrower geographic reach without Mexican or Brazilian payment rails or AI risk scoring tailored to LatAm markets, making it a secondary choice for regional financial services.

MX provides banking data aggregation and financial insights primarily for US institutions. Strengths include categorization and personal financial management tools. In contrast to Belvo, MX has limited LatAm data depth and no native support for Pix or direct debit collections, positioning it as less competitive for Belvo's payments and employment verification workflows.

Finicity, now part of Mastercard, offers open banking data and verification services focused on North America. It supports income and account validation at scale. Compared with Belvo it lacks specialized Latin American fiscal and employment datasets plus regional instant payment options, lowering its fit for users targeting Belvo's LatAm ROI acceleration.

Nordigen supplies free bank data connectivity across Europe with account information and transaction APIs. Its open-source approach aids developers. Relative to Belvo it provides no coverage of LatAm markets or AI-powered collections, making it unsuitable for Belvo's payments and risk insight use cases in Mexico and Brazil.