Depay builds an interoperability layer that connects local QR and payment networks across Latin America while using a blockchain layer and stablecoins (mainly USDT) to handle cross-border conversions and settlements. The company is active in Argentina, Brazil, Colombia and Peru and has formed a strategic partnership with Airtm to enable QR payments with digital dollars at physical merchants. Depay projects it will process more than $50 million in transactions in 2025 and estimates a potential connected wallet user base of over 40 million. Its model intentionally integrates existing local payment infrastructure rather than replacing it, positioning the business as an infrastructure provider that connects wallets and merchants without requiring cards or traditional bank accounts. The team is led by CEO Joaquín Fagalde with co-founders Marcelo Sánchez and Federico Testoni. With the Seed capital, Depay plans to expand into additional Latin American markets and deepen technical integrations with regional wallets and payment systems.

Total raised

$4M

Funding rounds

1

Latest round

Seed

Latest activity

Apr 2026