Plexo is Building Infrastructure for Global Stablecoin Payments
Stablecoins are rapidly becoming part of international trade. However, the financial sector still lacks the infrastructure needed to connect financial institutions that work with these pegged cryptocurrencies. The Prague-based startup Plexo, which has recently received backing from the investment fund DEPO Ventures, is building this missing layer. The global significance of this technology is also evidenced by the interest of the Central Bank of Kenya (CBK), which has invited Plexo to consult on the development of regulations for corporate stablecoin payments.
Turning Any Smartphone Into a Payment Terminal, Czech Fintech Tapaya Has Raised EUR 1 Million
Prague-based fintech startup Tapaya has raised €1 million, nearly CZK 25 million, in a pre-seed funding round. The round was led by Czech VC fund DEPO Ventures and the UK’s Passion Capital, with Latvia’s BADideas.fund also joining the investment. The new capital will help Tapaya complete its formal certifications and further develop its proprietary infrastructure, which enables banks, fintechs and other software platforms to easily embed payment acceptance directly into their apps.
WanderWallet Raises EUR 430K to Make It Easier for Tourists to Pay Without a Local Bank Account
WanderWallet, a travel-first wallet that lets foreigners pay like locals across Latin America, has announced a EUR 430K pre-seed round from BDPartners and DEPO Ventures. The service is already live in Brazil, Argentina, and Bolivia, where instant payments have effectively replaced cards as the primary way people pay. In Brazil alone, Pix now processes more transactions than Visa, Mastercard, and all other payment methods combined. For millions of international visitors, however, these local systems often remain out of reach due to practical barriers.
When Portfolio Companies Become Each Other's Best Customers: The Flowpay–Tapline Story
Two of our portfolio companies just proved why hands-on fund management isn't optional—it's how you multiply returns. Last week, Flowpay acquired Tapline. On paper, it's a straightforward fintech M&A. Look closer, and you'll see something far more valuable: a case study in portfolio construction that creates returns beyond what either company could achieve alone.
Flowpay raises €30 million to lend to SMEs and innovate embedded finance
Prague-based FinTech startup Flowpay has secured €30 million from investment manager Fasanara Capital to provide working capital financing for SMEs and become a notable player in the world of embedded finance.
Webout is Redefining Video Personalization with AI and Expanding Globally with Support from DEPO
Creating personalized video content without the need for large-scale production or technical expertise—Webout, a Czech-based startup, is redefining video creation by enabling businesses to tailor content in real-time for each viewer. The startup has secured €100,000 in funding from investment group DEPO Ventures, with additional backing from angel investors Miroslav Michalko, Radek Alenka, and Vladan Hejnic, who formed the Venture Buddies syndicate and contributed €240,000. This brings Webout’s total funding round to €340,000, which will be used to scale its product and expand into international markets.
Business Proposals in Minutes, Not Hours: DEPO Ventures and StartupYard Invest in Ydoca
Automating responses to inquiry forms and generating business proposals—this is what the integrated AI platform developed by the startup Ydoca brings to the market. Their technology seamlessly integrates into every step of the process, leveraging generative AI to boost efficiency by up to 70%. As part of its pre-seed investment round, the startup secured a total of CZK 2.3 million in funding, with DEPO Ventures contributing CZK 1.8 million and StartupYard investing CZK 500,000.
YUMMY Brings a New Way of Home Cooking to the Czech Republic
Our portfolio company, YUMMY, is entering the Czech market with a unique service that allows customers to choose and order the recipes they want to cook and delivers all the necessary ingredients directly to their homes. This innovative way of home cooking originates from Finland, where parent company Ruokaboksi has been operating since 2017. After successfully entering the Estonian market, YUMMY decided to expand its activities to Prague and plans to expand to other Czech cities as well.
Former Czech unicorn team founds AI-powered recruitment startup Finlay
DEPO Ventures announces its investment in Finlay, an AI-powered recruitment startup co-founded by ex-Mews COO, Scott Moran. The €300,000 pre-seed round, led by J&T Ventures alongside DEPO Ventures, aims to redefine how companies source talent across Europe and beyond. With deep expertise from the founding team – including leaders and recruiters from Mews, IBM, Rossum, and Cyrkl – Finlay is set to reshape the recruitment industry.
TelcoBrain Technologies Inc. Announces Convertible Note Funding Round Led by DEPO Ventures
TelcoBrain Technologies Inc. is pleased to announce the successful completion of a convertible note funding round led by DEPO Ventures. This strategic investment marks a significant milestone in TelcoBrain’s mission to revolutionize network evolution and infrastructure management. The funding underscores the confidence in TelcoBrain’s innovative approach to optimizing network and cloud resources based on techno-economic principles.