Devengo, a Spanish FinTech specialising in account-to-account (A2A) fee infrastructure, has closed a pre-Sequence A funding spherical price €2 million, combining debt and fairness, to supply multi-sector infrastructure for immediate funds.
The spherical options participation from Bankinter, Demium, and Banco Sabadell as lead traders, alongside continued assist from present companions reminiscent of TheVentureCity, Wayra – the company enterprise capital division of Telefónica – and Enterprise Angels.
“The entry of banks into Devengo’s capital construction is a transparent sign of the power of our price proposition and reinforces the solidity of our capital construction,” explains Fernando Cabello-Astolfi, CEO and co-founder of Devengo.
This funding spherical comes amid a broader wave of European exercise in account-to-account and fee infrastructure ventures.
In early 2025, Open Funds (Sweden) raised €3 million to increase its B2B integration platform, whereas Payrails (Germany) closed €27.7 million to speed up product innovation and industrial development throughout EMEA. In the identical interval, Two (Norway) secured €13 million to scale its B2B funds providing, and UK-based gamers Navro and Yaspa attracted €36 million and €10.1 million respectively for world and regulated-sector funds options.
Whereas Devengo’s spherical is relatively modest, it highlights the emergence of Spain-based gamers in a phase largely dominated by Northern European FinTechs.
With the EU Immediate Funds Regulation (IPR) fostering regulatory momentum for real-time euro transfers, the corporate’s deal with direct Iberpay connectivity and API-first design positions it inside a Europe-wide development of modernising fee infrastructure and enabling immediate, programmable transactions throughout the SEPA zone.
Andrés Dancausa, Normal Accomplice at TheVentureCity, added: “Devengo has every little thing it takes to steer immediate account-to-account fundswithin the SEPA zone and develop into a key participant within the modernisation of European fee infrastructure.”
Based in 2020, DEVENGO is targeted on account-to-account (A2A) fee infrastructure, providing immediate fee options for a number of sectors. With its direct connection to Iberpay and API-first structure, Devengo permits computerized, immediate, programmable, and clever funds for corporations seeking to optimise their fee processes, cut back operational prices, and enhance their worth proposition.
The FinTech says they stand out for his or her pioneering mannequin of direct technical reference to the Iberpay clearing home, reportedly eliminating dependence on conventional banking intermediaries and providing better effectivity and management over fee operations.
Its direct entry to the nationwide fee system, mixed with specialised regulatory information, permits a differentiated worth proposition by way of velocity, safety, and scalability.
“Their API-first method, their understanding of recent companies’ wants, and their execution capabilities place them as a pure companion to construct the way forward for immediate funds,” added Dancausa.
The funding will permit Devengo to speed up its geographic growth throughout the SEPA zone (Single European Funds Space) and strengthen its place amid rising demand for immediate funds in Europe.
Moreover, the corporate plans to include next-generation fee protocols early on, reminiscent of Request to Pay and immediate worldwide transfers, anticipating regulatory and technological developments within the European funds ecosystem.
EU-Startups beforehand talked about Devengo in its protection of the We Make Future 2024 startup competitors, the place the corporate was listed amongst collaborating startups, however that is the primary time its funding exercise has been reported intimately.
