When was Devengo founded?

Devengo was founded in 2004 and raised its 1st funding round 18 years after it was founded.

Where is Devengo located?

Devengo is headquartered in Madrid, Spain.

How many employees does Devengo have?

As of Sep 30, 2026, the latest employee count at Devengo is 21.

Is Devengo a funded company?

Devengo is a funded company, having raised a total of $3.53M across 3 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Nov 23, 2022.

When was the latest funding round of Devengo?

Devengo's latest funding was a $***** Conventional Debt round on Nov 05, 2025, with participation from 5 investors.

Where does Devengo rank among its competitors?

Devengo ranks 19th amongst 148 active competitors, of which 55 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Earnin, which secured $150M in Oct, 2026.

Who are the top competitors of Devengo?

Devengo's top competitors include Payflow, Stream and Rain. Among them, Earnin secured the most recent funding round in October, 2026.

Devengo - 2026 Company Profile, Team, Funding & Competitors

Company Details

App-based platform for payday loans. It offers a solution that enables employers to provide salaries on demand to the workers. It provides an NFC-enabled prepaid card that enables employees to avail the earned money. It also offers tools for managing expenses, saving goals, and more. The application is available on Android and iOS platforms.

Website: devengo.com
Social
Email ID: *****@devengo.com
Phone Number: +34 **********

Key Metrics

Founded Year

2004

Location

Madrid, Spain

Stage

Seed

Total Funding

$3.53M in 3 rounds

Latest Funding Round

Conventional Debt, Nov 05, 2025, $*****

Investors

TheVentureCity & 8 more

Ranked

19^th among 148 active competitors

Employee Count

21 as on Sep 30, 2026

Similar Companies

Payflow & 141 more

View Devengo's full profile

Devengo has raised a total funding of $3.53M over 3 rounds. Its first funding round was on Nov 23, 2022. Its latest funding round was a Conventional Debt round on Nov 05, 2025 for $*****. 5 investors participated in its latest round. Devengo has 7 institutional investors and 2 angel investors.

Here is the list of recent funding rounds of Devengo:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Nov 05, 2025	5896008	Conventional Debt	1336048	4441682	5304159	9043639
Nov 05, 2025	7085096	Seed	7946803	8410979	5008661	Bankinter & 4 more
Nov 23, 2022	9406748	Seed	2491404	5703332	TheVentureCity	Leo Soto & 1 more

Access funding benchmarks and valuations. Sign up today!

View details of Devengo's funding rounds and investors

The founders of Devengo is Alberto Molpeceres.

Here are the details of Devengo's key team members:

Alberto Molpeceres: Co-Founder of Devengo.
Contact Info: 1 email address

View details of Devengo's Founder profiles and Board Members

Devengo's employee count trend

Devengo has 21 employees as of Sep 26. Here is Devengo's employee count trend over the years:

Uncover Devengo's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of Devengo include Payflow, Stream and Rain. Here is the list of Top 10 competitors of Devengo, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Payflow 2020, Madrid (Spain), Acquired	Online financial services platform for on-demand pay and savings	$41.3M	Cathay Innovation, Wayra & 35 others	77/100
2nd	Stream 2018, London (United Kingdom), Acquired	Workplace financial wellbeing platform that provides employees with tools to access earned wages	$228M	Northzone, QED Investors & 54 others	76/100
3rd	Rain 2002, Venice (United States), Series B	Provider of a platform offering payday loans	$164M	QED Investors, Prosus & 31 others	75/100
4th	DailyPay 2015, New York City (United States), Series D	Financial wellness and earned wage access platform that enables employees to access their earned pay on-demand	$264M	Carrick Capital Partners, Intercept Ventures ... & 47 others	74/100
5th	Earnin 2012, Palo Alto (United States), Series C	Provider of a platform for accessing earned wages and financial tools	$190M	Spark Capital, Felicis Ventures & 17 others	73/100
6th	minu 2019, Miguel Hidalgo (Mexico), Acquired	Online on demand pay solutions for employees	$58M	QED Investors, Working Capital & 29 others	73/100
7th	PayActiv 2012, San Jose (United States), Series C	Platform providng prepaid corporate cards for employee benefit	$134M	Generation Partners, Eldridge Industries & 6 others	71/100
8th	Clair 2019, New York City (United States), Series B	Cloud-based employee benefits platform for on-demand pay	$67.7M	Thrive Capital, Upfront Ventures & 9 others	70/100
9th	ZayZoon 2014, Calgary (Canada), Series B	Provider of earned wage access, perks, and financial wellness solutions	$80.5M	Export Development Canada, Prairie Merchant ... & 11 others	68/100
10th	Tapcheck 2011, Tarzana (United States), Series A	Online platform offering employee on-demand pay benefits	$83M	PeakSpan Capital, FIS & 1 others	67/100
19th	Devengo 2004, Madrid (Spain), Seed	App-based platform for payday loans	$3.53M	Banco Sabadell, Bankinter & 7 others	54/100