Devengo, a Spanish FinTech specialising in account-to-account (A2A) cost infrastructure, has closed a pre-Collection 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 buyers, alongside continued help from current companions similar to 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 cost infrastructure ventures.
In early 2025, Open Payments (Sweden) raised €3 million to develop its B2B integration platform, whereas Payrails (Germany) closed €27.7 million to speed up product innovation and business 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 Instant Payments 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 pattern of modernising cost infrastructure and enabling instantaneous, programmable transactions throughout the SEPA zone.
Andrés Dancausa, Common Accomplice at TheVentureCity, added: “Devengo has the whole lot it takes to steer instantaneous account-to-account fundswithin the SEPA zone and turn out to be a key participant within the modernisation of European cost infrastructure.”
Based in 2020, DEVENGO is targeted on account-to-account (A2A) cost infrastructure, providing instantaneous cost options for a number of sectors. With its direct connection to Iberpay and API-first structure, Devengo allows automated, instantaneous, programmable, and clever funds for firms trying to optimise their cost processes, scale 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 larger effectivity and management over cost operations.
Its direct entry to the nationwide cost system, mixed with specialised regulatory data, allows a differentiated worth proposition when it comes to pace, safety, and scalability.
“Their API-first strategy, their understanding of contemporary companies’ wants, and their execution capabilities place them as a pure associate to construct the way forward for instantaneous funds,” added Dancausa.
The funding will permit Devengo to speed up its geographic enlargement 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 cost protocols early on, similar to Request to Pay and instantaneous worldwide transfers, anticipating regulatory and technological traits 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 taking part startups, however that is the primary time its funding exercise has been reported intimately.
