DePay
DePay is an Argentina-based real-time payments infrastructure startup that provides API-based payment processing connecting businesses to multiple instant payment rails across Latin America, with plans to expand into Asia, Africa, and Europe.
- Company typePrivate
- Founded2022
- HeadquartersBuenos Aires, Argentina
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What DePay does
DePay is an Argentina-based real-time payments infrastructure startup that provides API-based payment processing services to businesses operating across Latin America. The company's core offering is a multi-network payment infrastructure that connects to multiple instant payment systems via a single API, enabling merchants to accept and route real-time payments without needing to integrate with each underlying rail independently. According to available sources, DePay has processed over $400 million in payment volume and built a network reaching more than 300 million end users in less than a year of operation.
The company's underlying technology is API-first and architected for regional rail aggregation, with stated plans to integrate additional instant payment systems across Asia, Africa, and Europe. Its business model is transaction-fee based, generating revenue as a function of payment volume processed through its infrastructure. Distribution is B2B and horizontal, targeting businesses that need real-time payment processing, instant settlement, and cross-border transaction capabilities — without disclosed product segmentation by vertical or customer size.
DePay is led by founder and CEO Joaquin Fagalde and operates with a headcount of 51–100 employees. In April 2026, the company closed a $4 million seed round led by North Island Ventures with participation from Digital Currency Group, CMT Digital, Verda Ventures, Onigiri Capital, and Hash3, with proceeds earmarked for geographic expansion and additional payment rail integrations. The company has not publicly disclosed pricing, named customers, or revenue figures.
DePay firmographics
Firmographics- Name
- DePay
- Website
- https://www.depay.us/
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- DePay is an Argentina-based real-time payments infrastructure startup that provides API-based payment processing connecting businesses to multiple instant payment rails across Latin America, with plans to expand into Asia, Africa, and Europe.
- Ownership category
- akta.pro rank
DePay industry classification
Industry- Product category
- Payment Processing Infrastructure
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)
- SIC
- Services-Computer Programming, Data Processing, Etc. (7370), Services-Computer Programming Services (7371)
- akta.pro primary industry
- Instant Payment Scheme Connectivity & Processing (e.g., FedNow, SEPA Instant, Faster Payments) (FSAMAHAD)
- akta.pro secondary industries
- Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure (FSAGABAE), Real-Time Payments Clearing (Instant Payment Schemes) (FSABAJAI), A2A Checkout & Merchant Acceptance Solutions (FSAMAFAF)
Keywords
Where DePay is headquartered
LocationHeadquarters
- HQ city
- Buenos Aires
- HQ country
- Argentina
- HQ region
- Latin America
Offices1 record
Markets served
DePay business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Infrastructure, Operations, Marketing or Sales
Revenue model
- Payment Processing Fees: DePay generates revenue through transaction fees on payments processed through its infrastructure network. The company has processed over $400 million in payments indicating a transaction-based revenue model.
Go-to-market motion1 record
DePay product offering
Product offeringCore offering
DePay builds and operates an API-first real-time payments infrastructure that connects businesses to multiple instant payment systems across Latin America, with planned expansion into Asia, Africa, and Europe. The platform enables instant settlements, cross-border transactions, and real-time payment processing for B2B clients.
Product overview
DePay is an Argentina-based real-time payments infrastructure startup. The company operates as a single unified offering focused on payment processing infrastructure, having processed over $400 million in payments and built a network reaching more than 300 million users in less than a year. The sources do not provide specific product names, modules, or sub-brand details.
Differentiator
Problem solved
Functional benefit
Products and services
- DePay Real-Time Payments Infrastructure API-first real-time payments infrastructure that connects businesses to multiple instant payment systems across Latin America, enabling instant settlements, cross-border transactions, and real-time payment processing. Targeted at B2B clients needing instant payment capabilities, with planned expansion to Asia, Africa, and Europe.
Quantifiable outcome
- Processed over $400 million in payments
- +1 more outcomes
Companies that use DePay
Customer profileSegments1 record
Ideal customer profiles1 record
DePay technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
DePay partnerships and signals
Strategic signalScale indicators4 records
Recent moves4 records
Expansion highlights4 records
DePay competitors and assessment
Company assessmentDirect peers
- PPRO: PPRO is a payments orchestration platform that connects merchants and platforms to local payment methods globally, with strong LATAM coverage. Like DePay, it abstracts fragmented payment rails behind a single integration for B2B customers.
- dLocal: dLocal is a Uruguay-headquartered payments processor specializing in emerging markets across LATAM, Africa, and Asia. Like DePay, it focuses on enabling merchants and platforms to accept and disburse payments across fragmented regional rails, making it a closely comparable direct peer.
- EBANX: EBANX is a LATAM-focused cross-border payments platform offering local payment methods and instant transfer rails. It is directly comparable to DePay in targeting businesses needing real-time and local payment access across Latin America.
- Rapyd: Rapyd is a fintech-as-a-service platform providing payment acceptance, disbursements, and wallet infrastructure across emerging markets including LATAM and Asia. It is directly comparable to DePay in offering API-first multi-rail payment infrastructure for emerging economies.
- Wise Platform: Wise Platform offers cross-border real-time payment infrastructure to banks and businesses, including in emerging markets. Its API-first approach and emerging-market push make it a comparable peer to DePay's instant payments proposition.
Broad incumbents
- Stripe: Stripe is a global payments infrastructure incumbent offering APIs for payment acceptance, payouts, and increasingly real-time payment methods. It competes with DePay at the merchant and developer layer but operates at vastly larger scale across more geographies.
- Adyen: Adyen is a global payments platform serving large enterprises with unified acquiring, processing, and instant payouts. It is a broad incumbent peer given its coverage of LATAM and emerging-market payment methods versus DePay's emerging-market focus.
- Mastercard Send: Mastercard Send is Mastercard's real-time disbursements platform supporting payouts across banks and wallets globally. It overlaps with DePay's B2B real-time payout use cases and serves as a scaled incumbent reference point.
- Visa Direct: Visa Direct is the real-time push payments network operated by Visa, enabling account-to-account disbursements across multiple countries. It is a broad incumbent competing with DePay in the real-time payout and instant settlement layer.
Emerging players
- Modulr: Modulr is a UK-based payments-as-a-service provider offering real-time payments infrastructure via APIs to fintechs and platforms. It is comparable to DePay as a developer-first real-time payments infrastructure player, though focused primarily on the UK and European markets.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
DePay social profiles
Digital presenceDePay financial estimates
Financial estimateRevenue estimate
Valuation estimate
DePay leadership team
Management profileNumber of profiles
Profiles1 record
DePay funding detail
Funding detailFunding overview
Funding rounds2 records
Investors7 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
DePay M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about DePay
What does DePay do?
DePay builds and operates an API-first real-time payments infrastructure that connects businesses to multiple instant payment systems across Latin America, with planned expansion into Asia, Africa, and Europe. The platform enables instant settlements, cross-border transactions, and real-time payment processing for B2B clients.
Is DePay a public or private company?
DePay is a private company. It is classified as venture growth investor backed and is currently operating.
When was DePay founded?
DePay was founded in 2022. It employs 51 to 100 people.
Where is DePay based?
DePay is headquartered in Buenos Aires, Argentina, in the Latin America region.
How does DePay make money?
One revenue line is on record: payment Processing Fees.
Who are DePay's main competitors?
Direct peers on record are PPRO, dLocal, EBANX, Rapyd and Wise Platform. Broad incumbents are Stripe, Adyen, Mastercard Send and Visa Direct. Modulr is listed as an emerging player.
Does DePay have an API?
No public API is recorded for DePay.
What industry is DePay in?
DePay's product category is Payment Processing Infrastructure. Its primary akta.pro industry code is FSAMAHAD, Instant Payment Scheme Connectivity & Processing (e.g., FedNow, SEPA Instant, Faster Payments), with a secondary code of FSAGABAE, Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure. Its NAICS code is 52232 and its SIC code is 7370.