What Depa does

Depa is a B2B fintech infrastructure company founded in 2021 in Valencia, Spain, that provides an operational backbone linking traditional fiat finance and digital assets for cross-border payments. The company serves fintechs, payment service providers (PSPs), Web3 companies, and corporates conducting cross-border B2B transactions, replacing fragmented vendor networks (EMIs, custodians, KYC providers, liquidity partners) with a single API integration. Scale metrics of $1B+ transacted annually, 14,000+ payments per day, and coverage across 200+ countries indicate meaningful platform traction despite the company remaining pre-Series A.

The core product, Depa OS, is a proprietary, modular platform organized into four layers: Rails (On/Off-Ramp, Accounts, Wallets), Core (Ledger, Flows, Transaction Monitoring), Platform (Liquidity, KYC/KYB/AML), and Ecosystem (Open Architecture). The unified ledger reconciles fiat and crypto transactions in real time across thousands of TPS; MPC wallets with HSM/TEE security support multi-blockchain custody; the Smart Order Router optimizes execution across multiple chains and providers. The platform connects to Ethereum, Polygon, Solana, Tron, BNB Chain, and layer-2 rollups alongside traditional rails (SEPA, ACH, SWIFT) and integrates with Circle (USDC), Worldpay, Checkout.com, Kraken, Ripple, Binance, Sumsub, Fireblocks, Dfns, and B2C2. Depa holds regulatory standing with the Bank of Spain (virtual currency license), FINTRAC (MSB), and the Central Bank of Canada (PSP), operating through subsidiaries in Spain, the US (Delaware), and Canada (Ontario).

Depa generates revenue primarily through per-transaction fees on routing, custody, and settlement (stablecoin sandwich model at ~0.5% versus 4-5% SWIFT), supplemented by platform/API access fees, compliance-as-a-service bundles, and BaaS account fees. The go-to-market is API-first with enterprise field sales and inside sales teams, supported by content-led demand generation (Depa Digest newsletter, blog, LinkedIn) and direct outreach. Target buyers are fintechs, PSPs, Web3 companies, and mid-market/enterprise corporates across Europe, North America, and globally.

Name

Depa

Legal name

HODL THE LAB Holding, S.L.

Website

https://depa.finance

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Depa provides unified fintech infrastructure linking fiat and digital assets via a single API for cross-border payments, serving fintechs, payment service providers, Web3 companies, and corporates across 200+ countries with stablecoin-powered rails, a programmable ledger, and integrated compliance.

Ownership category

akta.pro rank

Product category

Cross-Border Payment Infrastructure

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)

SIC

Finance Services (6199)

akta.pro primary industry

Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL)

akta.pro secondary industries

Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure (FSAGABAE), Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG)

Keywords

• Cross-border payments
• Stablecoin payments
• Digital asset infrastructure
• Fiat-crypto rails
• Compliance orchestration

Headquarters

HQ city

Valencia

HQ country

Spain

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Infrastructure, Operations, Marketing or Sales, Others

Revenue model

1. Transaction-based fees (On/Off-Ramp, Card Acquiring, Crypto Rails): Depa charges per-transaction flat fees for routing, custody, and settlement services. Brokerage/FX costs apply as explicit conversion spreads when fiat is converted into digital assets. Rail-specific charges cover card fees, local payout partner costs, and on-chain gas fees. Volume tiers provide predictable discounts as monthly transaction volumes grow. This is the primary revenue stream, with stablecoin sandwich model (fiat→USDC→fiat) costing approximately 0.5% per transaction vs 4–5% for traditional SWIFT wires.
2. API/Platform Access and Licensing: Access to Depa OS APIs, including ledger, flows, compliance, and wallet infrastructure. Revenue derived from platform access fees tied to usage volume and integration complexity. Single consolidated invoice provided for easy reconciliation.
3. Compliance-as-a-Service: KYC/AML orchestration, license sheltering (leveraging Depa's regulatory licenses in Europe and Canada), transaction monitoring, and audit-ready reporting bundled into the platform. Revenue embedded within platform pricing tiers.
4. Banking-as-a-Service (Named Accounts): Named virtual IBAN provisioning in EUR and USD, cross-border account access, and sweep fund automation. Revenue generated through account service fees and transaction processing charges on fiat accounts.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Depa operates Depa OS, a unified API platform that bridges fiat and digital asset infrastructure for businesses. It combines payment rails (on/off-ramp, virtual accounts, MPC wallets), a core banking layer (real-time unified ledger, transaction monitoring, conditional workflow automation), and a platform layer (stablecoin liquidity, KYC/KYB/AML compliance, partner orchestration) into a single integration for cross-border payments, treasury management, and crypto-fiat operations across 200+ countries.

Product overview

Depa is a unified digital asset and fintech infrastructure platform operating as a platform-plus-modules architecture. The core Depa OS platform unifies four main product pillars: Core (Ledger, Transaction Monitoring, Flows), Rails (On/Off-Ramp, Accounts, Wallets), Platform (Liquidity, KYC/KYB/AML), and Ecosystem (Open Architecture). Depa enables businesses to move money across borders using stablecoins by providing real-time crypto and fiat accounting via Ledger, automated compliance through KYC/KYB/AML, secure custody through MPC wallets, and seamless on/off-ramp rails. Solutions include Cross-border Payments, Compliance-as-a-Service, Treasury Management, and Crypto Liquidity. Developer-facing products include the FastRamp API for global payment rail integration and the Depa Widget for embedded payment experiences. The platform connects to 200+ countries, processes 14K payments per day, and has transacted over $1B annually.

Differentiator

Problem solved

Functional benefit

Products and services

• Depa OS Unified operating system platform that combines rails (on/off-ramp, accounts, wallets), core (ledger, flows, transaction monitoring), and platform (liquidity, KYC/KYB/AML) layers for managing both fiat and digital asset operations through a single API.
• Ledger Real-time multi-currency ledger reconciling thousands of fiat and crypto transactions per second, with FX logic per client/corridor, fee tables, and automated reconciliation across banks, wallets, EMIs, and on-chain events.
• Transaction Monitoring Automated risk and compliance monitoring system that assesses transaction risk in real time using machine learning for suspicious pattern detection, sanction screening (OFAC, PEP), and per-transaction risk scoring across crypto and fiat flows.
• Flows Configurable workflow automation engine for fund movements with IF-logic triggers based on transaction events. Enables conditional payments, automated treasury management, and cross-rail fund routing with configurable rules.
• On/Off-Ramp (FastRamp) Single API consolidating card acquiring, SEPA/ACH/SWIFT fiat rails, and stablecoin rails with smart order routing, multi-chain support (Ethereum, Polygon, Solana, Tron, BNB Chain), and automated failover for crypto-fiat conversion.
• Accounts Named and segregated virtual IBANs in EUR and USD, with cross-border account access across 200+ countries and automated sweep fund functionality.
• Wallets (MPC) Multi-Party Computation (MPC) wallets distributing private keys among multiple parties using HSM and TEE security, with treasury optimization, multi-blockchain support, and integration with Fireblocks and DFNS custodians.
• Liquidity Stablecoin liquidity service covering top 20 coins across 10 blockchains, with fiat liquidity in USD and EUR, providing on-demand fund availability through multiple liquidity partners.
• KYC, KYB & AML Integrated compliance suite providing tiered identity verification, automated sanction screening (OFAC, PEP), AML monitoring, and modular verification with Sumsub integration for user onboarding.
• Open Architecture Partner ecosystem module enabling clients to leverage pre-integrated third-party tools and bring existing vendors (KYC providers, custodians, exchanges) into the Depa stack via unified API.
• Depa Widget White-label embedded payment widget enabling in-platform fiat-to-crypto on-ramps with multi-rail payment options (cards, SEPA/ACH/wire, local payout methods, stablecoin rails), smart payment mapping by geography and risk tier, and stay-in-platform UX without redirects.
• Cross-border Payments Stablecoin-powered cross-border payment solution enabling international transfers across 200+ countries with faster settlement (under 10 minutes) and lower fees (~0.5%) compared to traditional SWIFT wires (4-5%).
• Treasury Management Crypto and fiat treasury management solution providing real-time visibility into balances, automated fund allocation, and consolidated reporting across multiple currencies, entities, and banking partners.

Quantifiable outcome

• Up to 90% fee reduction in cross-border payments (from 4–5% SWIFT to ~0.5% stablecoin sandwich)
• +7 more outcomes

Named customers6 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration9 records

AI capability3 records

Feature8 records

Partnerships

Four partnerships are on record, tiered core.

• CirclecoreTechnology or IntegrationCircle (issuer of USDC) is integrated into Depa's ecosystem as a primary stablecoin liquidity partner. Depa on-ramps fiat to USDC via Circle's infrastructure and leverages Circle's programmable treasury tooling for stablecoin operations. This is a core infrastructure partnership enabling Depa's stablecoin rails.
• WorldpaycoreTechnology or IntegrationWorldpay (FIS) is integrated into Depa's ecosystem for card acquiring and payment processing capabilities. Visible in Depa's partner ecosystem diagram showing a $236,000 transaction routed through Worldpay.
• Checkout.comcoreTechnology or IntegrationCheckout.com is integrated into Depa's ecosystem for payment processing and card acquiring. Referenced alongside Worldpay and Kraken as part of Depa's connected payment platform ecosystem.
• SumsubcoreTechnology or IntegrationSumsub is Depa's integrated KYC/identity verification partner. Depa leverages Sumsub's identity verification and AML compliance capabilities within its platform, enabling high-quality identity checks as part of the compliance-as-a-service module. Sumsub is referenced as a pluggable integration option for the white-label widget.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• BVNK: BVNK provides stablecoin-powered cross-border payment infrastructure for fintechs and corporates, offering similar on/off-ramp, multi-currency accounts, and unified orchestration across fiat and crypto rails — directly comparable to Depa's core proposition.
• Bridge (Stripe): Bridge offers a stablecoin orchestration API for developers to integrate USDC payments, on-ramps, and cross-border transfers — acquired by Stripe in 2024 — and competes head-to-head with Depa's API-first positioning for fintech builders.
• Fireblocks: Fireblocks provides institutional digital asset custody, wallet infrastructure, and payment orchestration — overlapping with Depa's MPC wallets, custody integrations, and broader rails/platform offering for fintechs and PSPs.
• Zero Hash: Zero Hash provides embedded crypto and stablecoin infrastructure (custody, trading, on/off-ramp, compliance APIs) for fintechs and broker-dealers — comparable to Depa's unified ledger, rails, and compliance-as-a-service stack.
• Ramp Network: Ramp Network provides fiat-to-crypto on/off-ramp infrastructure for Web3 applications via a single API, with KYC and multi-rail payment support — directly comparable to Depa's on/off-ramp rails and white-label widget offerings.
• MoonPay: MoonPay is a leading crypto on/off-ramp provider serving Web3 companies and fintechs with global payment methods, KYC, and white-label widgets — overlapping with Depa's white-label widget and fiat-crypto conversion rails.

Broad incumbents

• Ripple: Ripple operates a broader blockchain-based cross-border payments network (RippleNet, RLUSD stablecoin, Ripple Payments) and is both a Depa partner/competitor at the institutional cross-border corridor level — but covers a wider remit including traditional bank rails and enterprise software.
• Circle: Circle is the issuer of USDC and offers its own mintAPI, CCTP, and programmable treasury tooling that overlaps with Depa's stablecoin liquidity and cross-border rails — but Circle is also Depa's largest infrastructure partner, making it a hybrid incumbent/partner.

Regional players

• Tranglo: Tranglo is a cross-border payment remittance and payouts network with strong Asia-Pacific and emerging-market corridor coverage — comparable to Depa in cross-border B2B/payout use cases, but primarily regional rather than globally distributed.
• Yellow Card: Yellow Card operates stablecoin-powered cross-border payments and on/off-ramps across African markets — similar in offering fiat-crypto orchestration for emerging-market corridors, but with a geographic focus that does not overlap with Depa's primary European/North American base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/depafinance
• Xx.com/Depasify

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries2 records

Funding overview

Funding rounds1 record

Investors6 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Depa