Besepa<\/a>, they ended up sharing an office together\u2013 and this is where the bond began. <\/p>\n\n\n\nThe relationship strengthened and soon this is where the idea for Devengo began. Originally it was a salary advance application, providing companies with B2C assistance to employees in need of financial support before payday. This quickly evolved into the Devengo we know today: an API for instant payments that allows companies to automate and streamline their transactions. <\/p>\n\n\n\n
Opposites attract, and though they share a passion for fintech, the similarities stopped there. \u201cI\u2019m serious, focused, with all the technicalities in mind, while Fernando is an imaginative lateral thinker, systematically framing reality in a practical way.\u201d These differences strengthen their work together, combining their traits to be successful in managing the operations of a payment institution while building relationships with customers, investors and developing a great product. <\/p>\n\n\n\n
Developing an Instant Payment API isn\u2019t so Instant<\/h3>\n\n\n\n
Regardless of whether it was a perfect match for the duo, it didn\u2019t come without its difficulties. \u201cWe released our product in February 2020, just a couple of weeks before everything went nuts. Those were hard times for us since our natural contact in the companies was in the HHRR department.\u201d But it doesn\u2019t stop there, in 2022 they realized that salary advance wasn\u2019t the right path in order for them to achieve their goals, \u201cwe were growing, but not in the direction and in the way we wanted to grow, with a high cost to the team.\u201d <\/p>\n\n\n\n
Big decisions, Big rewards<\/h3>\n\n\n\n
The decision to pivot the entirety of Devengo was a hard one to make, but with a strong team, and stronger strategy, success is possible. \u201cWe\u2019re proud of the way we managed the transition so that all of our (salary advance) customers had alternatives. The companies and most importantly, their employees, weren’t affected.\u201d The care and consideration that was put into ensuring Devengo\u2019s previous clients were provided for was a powerful moment for the company, and highlighted its values. \u201cWe did it so well that the companies that used to be our competitors in turn became our new clients.\u201d<\/p>\n\n\n\n
What to Expect in the Future<\/h3>\n\n\n\n
Though Devengo is young, the impact that has already been made is sending ripples throughout the industry. \u201cDevengo has incredible potential, because the space it plays in account-to-account payments is huge and offers a complete transformation for B2B and B2B2B interactions.\u201d<\/p>\n\n\n\n
As the payment industry evolves, Devengo is committed to lead the way. \u201cIt will take time to execute and develop many of the ideas we are currently working on and exploring, and because of this, I envision a relationship that keeps growing for many years to come.\u201d <\/p>\n\n\n\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
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