Devengo is a Madrid-based, Bank of Spain-regulated Payment Institution providing an API for instant account-to-account (A2A) payments across SEPA/EU markets, covering IBAN/virtual IBAN issuance, push and pull payments, and payee verification. Founded in 2019 by former fintech founders (Ibercheck, Aplazame, Besepa), it serves clients like Jobandtalent, Payflow and Barkibu, and is currently at pre-Series A stage after a November 2025 €2M round combining debt and equity from banks and VCs.
SectorsFintech, Payments, Banking-as-a-Service, A2A Payments
Start-up MapFintech › Payments & merchant checkout
Founders
A
Alberto Molpeceres
Co-Founder & COO
Global models 5
SSolaris
Germany · www.solarisgroup.com ↗
Licensed banking-as-a-service platform that gives businesses IBAN accounts, SEPA instant push and pull payments and payment APIs, selling regulated payment infrastructure to companies the way Devengo does.
$700MComparable
TTrueLayer
United Kingdom · truelayer.com ↗
Regulated European API for instant account-to-account pay-ins, payouts and payee verification, sold to businesses on per-transaction fees, which is Devengo's core A2A offer.
$370MComparable
RRailsr
United Kingdom · www.railsr.com ↗
Embedded-finance API from a regulated e-money institution that issues IBANs and virtual accounts and moves money in and out for business clients.
$250MComparable
Modulr
United Kingdom · www.modulrfinance.com ↗
FCA- and DNB-authorised payment institution offering an API for virtual IBANs, instant account-to-account payments, direct debits and Confirmation of Payee, which is almost the same as Devengo's model.
$170MComparable
SSwan
France · www.swan.io ↗
Regulated European embedded-banking API that issues IBANs and virtual IBANs and handles SEPA instant transfers and direct debits for platforms and fintechs.
$130MComparable
In the same niche 25 others
See all in the Start-ups Map →
Notes: Most funded first
Investors 9
Open as list →
TTheVentureCity
www.theventure.city
BBankinter
www.bankinter.com
MMission
www.demium.com
SSabadell Venture Capital
www.bancsabadell.com
WWayra
wayra.com
F
Felipe Navío
F
François Derbaix
L
Leo Soto
MMagma Partners
Funding rounds 3
| Date | Round | Amount | Lead |
|---|---|---|---|
| 2025-11-05 | Pre-Series A | €2M incl. debt: equity and debt, the split was not disclosed |
Bankinter, Banco Sabadell, Demium
+2 more
|
| 2022-11-22 | Seed | €1.2M |
TheVentureCity
+2 more
|
| 2020-09-29 | Seed (estimated) | €1.3M |
Lead not disclosed
+1 more
|
News 1
Open as list →| Published | Article |
|---|---|
| 2025-11-05 |
Madrid's Devengo raises €2 million as EU Instant Payments Regulation accelerates A2A innovation ↗
EU-Startups
2025-11-05 |