Belvo

About Belvo

Belvo is a fintech company that offers an API so businesses in Latin America can access financial information in a simple, fast, and standard way. It was founded in 2020 by Pablo Viguera and Oriol Tintore, after they saw a clear gap in financial infrastructure while working in fintech and expanding from Europe into Mexico. What began as a practical answer to a real problem soon became one of the main open finance infrastructure platforms in the region.

Today, Belvo works with leading fintech companies across Latin America, and hundreds of developers use its API every day to build financial products and services. Running teams in Mexico, Colombia, and Brazil at the same time means moving fast, following different rules, and keeping many details in order. Aurora Lastres puts it clearly: “Before Runa, processing payroll was a long, fragmented, and stressful process. Every month required coordination with accountants and manual adjustments that made us lose many hours and affected our ability to focus on talent strategy.” As Belvo grew even more across countries, manual payroll started to feel too slow for the business.

What aspects were affecting their payroll?

Before Runa, Belvo’s payroll process had too many scattered steps and too much manual work. Every month, the team reviewed calculations for each employee, checked changes by hand, and stayed in close contact with accountants to meet tax and social security rules in different locations. “The processes were long, unclear, and prone to errors. Every month became a race against time and created stress for the entire team,” says Aurora Lastres. The hard part was not only the workload. It was not having one clear place to manage it all.

As Belvo hired in more than one country, those limits became more obvious. What worked with a smaller team became too slow for an international fintech operation. Admin work grew, answers took longer, and the People team spent too much time fixing payroll instead of focusing on talent, culture, and growth. Payroll had become one of those tasks that quietly eats the day, like a quick call that somehow turns into a whole calendar event.

How has Runa helped them?

Runa helped Belvo move payroll into one platform, which made the process easier to manage. Before, payroll needed several tools, outside coordination, and constant follow up. With Runa, the team could manage payroll payments and related taxes through one monthly flow, with better visibility and control. “Now we have full visibility, absolute control, and a much more agile workflow. We can make adjustments quickly, review every detail, and ensure everything is aligned with the actual law,” explains Aurora Lastres. Automation also reduced manual errors, sped up calculations, and removed repetitive tasks that used to take on time from the People team.

Traceability was another important change. Runa brought payroll records, tax information, and employee documents into one place, so they were easier to review, organize, and audit when needed. That helped the team work faster and feel more confident about compliance and payroll accuracy. Having Human Resources and payroll in the same platform also made the internal workflow clearer, more connected, and easier to manage across teams.

Why did they choose Runa?

Belvo chose Runa because the platform offered flexibility, speed, and reliability in a way that matched the company’s pace. Compared with more traditional options, Runa felt easier to use, quicker to adopt, and better suited for a tech company that needs systems that can grow without adding extra weight. Aurora Lastres sums it up this way: “Runa gave us the peace of mind of knowing that our payroll is in good hands. It allows us to operate with security, efficiency, and transparency, freeing up time to focus on growth, innovation, and the development of our team. It is a strategic ally that has transformed the way we manage payroll and human resources at Belvo.”

For Belvo, choosing Runa was not only about making payroll easier. It was about building a stronger base for international growth. The company needed visibility, compliance, and efficiency without slowing the team down. Today, Runa works as a strategic partner that helps Belvo keep growing with more confidence, while payroll and Human Resources stay reliable, transparent, and organized across the regional operation.