Depa Depa
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Seed round

The treasury-native OS for regulated, multi-asset money businesses

One ledger — fiat and stablecoin — for payments, treasury, and risk management. Depa

The difference

How are we different from the other 120 stablecoin companies?

Depa is what you'd get if BVNK and Formance had a baby.

Onrampers, Bridge, Noah's… their product centers on the transaction: money in, money out.

Depa begins at the account. Every payment settles against a live treasury position on one ledger, so reconciliation, segregation, nostro/vostro and counterparty risk aren't features, they're the substrate.

Why now

Stablecoins are moving from crypto-native settlement into regulated financial infrastructure.

As PSPs and banks adopt them, the bottleneck shifts from payment execution to financial operations: liquidity, segregation, reconciliation, reporting, counterparty risk, and interoperability across fiat and digital assets.

Most infrastructure was built around transactions. The next generation of regulated money movement needs an account-level operating core.

Depa is built for that shift: one ledger for fiat, stablecoins, and eventually tokenized positions.

Traction

A small team, compounding fast.

$0.6M → $5.2M Revenue growth from 2024 to 2025. Cashflow positive
+$8M+ Forecasted Revenue in 2026, with customer concentration solved
x3 contracts Signing new contracts at 3× the 2025 pace
$750k+ ARR per employee
15k+/day Payments processed with a team of 13
0.02% Chargeback rate. Proving compliance excellence.
Team

Built by regulated financial infrastructure operators

Alberto — CEO
Formerly Spanish Stock Exchange (BME), BMW, and Fidor Bank. Built core banking and market infrastructure for major exchanges over the last decade.

Pere — CFO
Former Group Head of Finance at BVNK and Ebury. He brings +25 years of experience across fintech, payments, treasury, and scaling regulated financial operations.

Michael — COO
25+ years in Banking. Co-founder of Fidor Bank and former CIO of HBL Bank. Led two successful IPOs and the sale of Fidor to BPCE.

Round

Seed round

Depa is raising its seed round to scale from PSP traction into the operating core for regulated money institutions.

Use of proceeds

  • Grow the team from 15 to 45 over the next 18 months. Enhance operational robustness and accelerate customer acquisition.
  • Strengthen capital and treasury position to support regulatory expansion
Thank you

Let's talk.

Questions on Depa or the seed round? Please drop us a line.