Pelvo

Pelvo is a company that specializes in rebooting the Open Banking operating system for identity, account, and money movement. They provide a verification platform that orchestrates identity verification, risk levels, internal policies, and compliance requirements. With access to real-time account, balance, and transactional data via Open Banking, Pelvo enables tracking of spending patterns across all bank accounts. They also facilitate instant bank payments, vendor payments, and instant refunds while streamlining the checkout process for merchants. Pelvo empowers businesses to anticipate cash shortages, generate precise reporting, and make informed decisions. By extracting data directly from banks, they simplify reconciliation, improve risk management, and provide cash flow transparency. Moreover, Pelvo offers APIs that allow insurers to access financial data and offer personalized insurance plans based on customers' actual financial needs and situation. They have partnered with Microsoft for Startups to further their mission and bring innovative solutions to the market.