Founded in 2020, Devengo builds payment infrastructure that connects directly to Iberpay, allowing companies to initiate automatic, programmable and real-time euro transfers without relying on traditional banking intermediaries. Its API-centric platform targets multi-sector clients that need faster, lower-cost payment workflows and greater operational control. By eliminating a banking middle layer, Devengo claims advantages in speed, security and scalability. The company is positioning itself to capitalise on the EU Instant Payments Regulation and plans to expand its coverage across the entire Single European Payments Area. Looking ahead, management intends to add emerging protocols such as Request to Pay and instant international transfers to stay ahead of regulatory and technological shifts. Although no revenue or user figures were disclosed, the firm highlights strong backing from strategic investors including Spanish banks and telecom-linked venture arms, signalling traction within the local financial ecosystem.

Total raised

$5M

Funding rounds

3

Latest round

Series A

Latest activity

Nov 2025