Devengo

Devengo is a European API and payment interface for instant pay-ins and payouts in seconds, using SEPA Instant and account-to-account transfers. The company is based in Madrid, Spain, and was founded in 2021.

Products The set includes an Instant Payout API, Hosted Verification and Payment Links, Real-time IBAN Check and Webhook Notifications. The company says it enables instant withdrawal of winnings and payouts to bank accounts in the EU around the clock, every day of the year.

Verticals and coverage Target sectors are iGaming, lending, insurance, marketplaces and the gig economy. Coverage is the European Union and the wider EEA.

Pricing Devengo charges a fee per transaction. The rate is not published, so it should be clarified for the expected volume and payout type.

Who it suits Operators that need to pay customers or workers quickly, such as gaming platforms, lenders and marketplaces, and that want to verify the recipient's IBAN before sending funds. It is a euro-area bank-transfer tool, not a card acquiring service.