Depay, an Argentina-based real-time payments infrastructure startup, raised a $4M seed round from North Island Ventures, Digital Currency Group (DCG), CMT Digital, Verda Ventures, Onigiri Capital, and Hash3.
Depay builds payment rails that connect instant payment systems across countries. Its infrastructure allows banks and digital wallets to offer QR payments globally through a single integration, managing interoperability and settlement.
With the funds, Depay will expand its network across Latin America, integrate additional instant payment systems in Asia, and enter markets in Africa and Europe. It will also invest in its technology, strengthen regulatory capabilities, and hire key talent.
In less than a year, Depay has processed over $400M in payments and built a network that reaches more than 300 million users. Its clients include Binance, belo, Airtm, Brubank, and Takenos.
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