Devengo

About

Devengo is a financial technology company based in Madrid, Spain, founded in 2019. It specializes in payment solutions through APIs, focusing on account creation, instant account-to-account payments, and related services for businesses, particularly in B2B, fintech, and marketplaces. As a licensed Payment Service Provider, Devengo facilitates money movement across Europe, offering features like virtual accounts and secure transactions. The company provides a developer-friendly API platform that automates financial operations. Key offerings include generating real and virtual IBANs, enabling instant payouts and pay-ins, facilitating direct debit and automated collections, and conducting identity verification. Additional features encompass real-time payments, online card payments, invoice reconciliation, fraud protection, and business intelligence tools for cash flow projections. Devengo serves a variety of industries, including fintech firms, marketplaces, small-to-midsize businesses, and accounting professionals. Its solutions support optimized B2B payments, cross-border transactions, and treasury management, enhancing operational efficiency and reducing costs for its users.