Depasify: Background Overview of a Spanish Crypto Infrastructure Provider

Context Update: December 19, 2025

The European fintech and crypto infrastructure market includes a growing number of companies that provide backend services rather than direct consumer products. One of these companies is DEPASIFY S.L., a Spain-registered entity operating in the field of digital asset infrastructure and payment-related technologies.

This text presents a contextual and descriptive overview of Depasify, its regulatory positioning, corporate background, and publicly observable operational environment, based on open-source information.

General Company Background

DEPASIFY S.L. is incorporated in Spain and operates as a business-to-business technology provider. Unlike consumer payment services, the company focuses on supplying technical components that other platforms integrate into their own systems. These components are typically delivered through APIs and are intended to support digital asset operations.

Basic Corporate Information

• Company name: DEPASIFY S.L.
• Country of incorporation: Spain
• Registered city: Valencia
• Commercial registry: Mercantile Registry of Valencia
• Tax identification number (NIF): B-67823831

The company’s activities are positioned within the broader fintech and crypto infrastructure sector, which includes payment processing tools, custody solutions, and digital asset conversion services.

Regulatory Context

In Spain, companies providing certain crypto-related services are required to register as Virtual Asset Service Providers (VASPs). Depasify appears on the public register maintained by the Bank of Spain.

• Regulatory category: Virtual Asset Service Provider
• Supervisory authority: Bank of Spain
• Registration code: D705

As a registered VASP, Depasify is subject to regulatory obligations derived from the 5th Anti-Money Laundering Directive (AMLD5). These obligations generally cover internal controls, record keeping, customer and business identification, and transaction monitoring, in line with applicable European and national legislation.

Scope of Services and Market Positioning

According to publicly available descriptions, Depasify’s services are designed for institutional and business users. The company does not market itself as a retail payment provider. Instead, its offering is focused on infrastructure that supports crypto-enabled payment flows.

Services commonly associated with Depasify include:

• Fiat-to-crypto exchange functionality
• Digital asset custody components
• Payment processing and settlement tools
• API-based integration for third-party platforms

Such services are typically used by fintech companies, Web3 projects, and other digital platforms seeking to incorporate crypto functionality without building proprietary infrastructure.

Management and Internal Roles

Public corporate records and professional networking profiles associate several individuals with Depasify’s operations and governance:

• Alberto Martín Mazaira is identified as the founder of the company.
• Daniel Terrasa is referenced as a FinTech executive associated with Depasify.
• Manuel Roche del Fraile is listed as the company’s Compliance Officer and Money Laundering Reporting Officer (MLRO) and is ICA certified.

The presence of an appointed MLRO reflects a standard compliance structure commonly observed among regulated VASPs in the European Union.

Technical Environment and Operational Interfaces

Companies operating in the infrastructure segment of fintech often maintain internal or partner-facing systems rather than public user dashboards. In the case of Depasify, technical data indicates the use of the subdomain backoffice.depasify.com, which appears to function as an operational or administrative interface for business users.

Publicly observable traffic and technical references link this environment to several external payment-related domains, including:

• gate.commercebooth.io, associated with Google Pay transaction flows routed through OPEN WAY LTD in the United Kingdom
• api-payrequest.com, a service used to generate payment links for online platforms
• pay.paidpays.com, a gateway observed in Apple Pay transaction flows

These domains have been identified in connection with payment processes used by Winning.io, an offshore online casino.

Traffic Observations

Traffic analytics data from Similarweb (November 2025) provides insight into how Depasify’s backend systems interact with third-party services.

According to this data:

• More than 81% of inbound traffic to backoffice.depasify.com originates from gate.commercebooth.io and api-payrequest.com.
• Outbound traffic from backoffice.depasify.com is directed back to the same external domains.

Such traffic patterns indicate recurring technical interaction between Depasify’s backend infrastructure and the referenced payment gateways.

Funding and Development

In January 2024, Depasify announced that it had completed a €2.2 million seed funding round. Public statements described this funding as support for further development and international expansion.

The investment round reportedly included participation from:

• JME Ventures
• GoHub Ventures, a corporate venture fund based in Valencia
• Wayra, Telefónica’s innovation hub
• Actyus
• Lanai Partners

Seed funding at this stage is commonly used by fintech infrastructure companies to expand engineering teams, develop products, and enter new markets.

Brand Usage and Corporate Naming

In addition to the name Depasify, the company is also associated with the brands “Depa” and “Depa Finance.” These names appear in marketing materials and professional profiles.

• Alberto Martín Mazaira publicly references his executive role using the Depa brand, indicating continuity between Depasify and Depa Finance.

Brand variations of this kind are common among fintech companies seeking to differentiate products, markets, or service lines.

Corporate Structure and Related Entities

Publicly available information identifies several legal entities connected to the broader Depasify / Depa group:

• DEPASIFY S.L. (Spain) – registered Virtual Asset Service Provider
• Hodl the Lab Holding S.L. (Spain)
• Tax ID: B21844014
• Identified as a holding and intellectual property entity
• Plenifi Payments Ltd (Canada)
• Registered as a Money Services Business with FINTRAC
• Provides services for non-US and potentially non-EEA clients
• Depa US, Inc. (United States)
• Entity designated for U.S.-based clients

Such multi-jurisdictional structures are commonly used by international fintech groups to organize regional operations.

Summary Information

Information Submissions

Individuals who possess information related to the activities, partnerships, or corporate structure of DEPASIFY S.L., Depa Finance, or Plenifi Payments Ltd may submit information anonymously via the Scam-Or Project whistleblower section.