The operation marks a significant milestone by attracting major entities of traditional banking to the company's capital. Bankinter y Banco Sabadell join demium as main investors. This group is complemented by the continued support of existing partners, such as TheVentureCity y Wayra (The corporate venture capital (from Telefónica), in addition to others Business Angels.
This strong combination of venture capital, banking and corporate investment vehicles represents a firm support to Devengo's value proposition in the competitive European payments landscape.
Fernando Cabello-Astolfi, CEO and Co-founder of Devengo, highlighted the importance of this support: “The entry of banks into Devengo’s capital is a a clear sign of the strength of our value proposition and strengthens the solidity of our capital structure."
The Accrual model, based on an approach API-first, has become the reference infrastructure to offer Instant, automated, and intelligent A2A paymentsThe technology of the fintech It is already being implemented in a variety of expanding sectorswhich include insurance, financing, online gaming, real estate, e-commerce and services.
A key differentiating factor is its direct technical connection with the Iberpay clearinghouse. This ability It eliminates dependence on traditional banking intermediaries.providing its customers with a greater efficiency, control, security and scalability in their payment transactions.
For his part, Andrés Dancausa, General Partner at TheVentureCity, expressed his confidence in the company's future: “Devengo has everything it needs to to lead instant account-to-account payments in the SEPA zone and become a key player in the modernization of the European payments infrastructure. Its approach API-firstTheir understanding of the needs of modern businesses and their ability to execute position them as a natural partner to build the future of instant payments".
With the funds raised, the company will focus on accelerate its expansion across the SEPA zone (Single European Payments Area) to respond to the growing demand of instant payments across the continent. Additionally, Devengo plans to early entry of payment protocols New Generationas the request to pay and instant international transfers, staying at the forefront of regulatory and technological trends in the sector.
Any questions about this news?
Talk to Coexia, the AI of the foreign trade
