Depasify, a Valencia-based fintech startup facilitating digital asset integration for financial institutions, has secured €2.2 million in a funding round led by JME Ventures and GoHub Ventures.

Target Information

Depasify, a Valencia-based startup founded in 2021, offers an innovative extension to traditional banking cores, facilitating financial institutions' entry into the digital asset space. With a focus on simplifying the complexity often associated with digital assets, Depasify enables the creation of financial products grounded in digital assets rapidly, achieving an 80% reduction in go-to-market time through a single integration.

The firm aims to create new business avenues for financial entities without adding to their existing operational challenges. It emphasizes a comprehensive infrastructure that connects various stakeholders, orchestrating the entire value chain while ensuring regulatory compliance and streamlining transactional reconciliations between traditional finance and digital assets.

Industry Overview

The digital asset industry in Spain is evolving significantly, particularly in light of the recent decline in investments in Web3, which have reached their lowest levels since 2021, as reported by Crunchbase. D