Top 40 Payments VC (Venture Capital) Funds in Portugal in May 2026

Portfolio highlights

• Aethir — Power Ultra-Low Latency Gaming & AI Experiences.
• Elixir — Powering deUSD, a yield bearing and fully collateralized decentralized dollar on the Elixir Network, bringing institutional-grade liquidity to RWAs.
• Zcash Open Development Lab — Zodl is a mobile wallet for sending and managing private Zcash transactions, with encrypted payments and full user control of funds.

Portfolio highlights

• Drivit — Drivit turns any smartphone into a high-quality telematics device. Power your mobility app with features that will show you the best way to a safer, cheaper and more sustainable driving.
• Fraudio — Fraudio is the ideal partner in Payment Fraud and AML Solutions. We will help you detect, on time, any possible fraudulent transaction.
• MeetFrank — Find cool job offers with the MeetFrank recruitment app. Add your job offers to MeetFrank and hire top talent.

Portfolio highlights

• Revolut — Join 40+ million customers globally using Revolut to send money to 160+ countries, hold up-to 36 currencies in app, spend in 150+ currencies, and manage their money.
• Blockhead — Latest Bitcoin, Ethereum News & Crypto Market Updates
• Our Next Energy — ONE is a Michigan-based energy storage company focused on engineering batteries that accelerate U.S. domestic manufacturing and energy resilience.

Portfolio highlights

• Zoo Finance — Zoo Finance is a pioneering DeFi protocol focused on unlocking liquidity from locked assets, empowering users to access capital more efficiently while maximizing the utility of their on-chain holdings.
• Joystream — Joystream is a block chain-based, decentralized video platform.
• Zypher Network — Zypher Network, Portal for Revolutionary Fully-on-Chain Games using ZKP & AI

Portfolio highlights

• Ethena — Enabling the Internet Bond
• Ref Finance — Ref Finance is a DeFi platform built on NEAR Protocol that costs less than $0.01 for transactions.
• Parallax — Parallax offers a cross-border payments platform for freelancers, remote workers, and businesses. The service enables receiving international client payments, holding funds in USD, exchanging currencies, and sending money to domestic bank accounts and mobile wallets. Users manage balances and transfers through a web app with quoted rates anditemized fees. The platform supports global payouts and recurring disbursements to partners and team members. Compliance measures include identity verification and transaction monitoring aligned with regulatory standards. Documentation and support resources guide account setup, funding, and cash-out.

Portfolio highlights

• CapCar — CapCar is the first actor of the used vehicle to offer individuals cars and services of quality, without the commissions usually taken by the professionals. For you sellers, this means receiving 20% ​​more for your car than at a dealership, with a sale in about 2-3 weeks. For you buyers, it is the guarantee of having a quality vehicle havingsuccessfully passed our 200 control points, delivered at home for a price 5% lower than the traditional professional prices.
• CrowdSec — CrowdSec is an open-source and collaborative security stack leveraging the crowd power. Analyze behaviors, respond to attacks & share signals across the community. Join the community and le's make the Internet safer, together.
• Ponicode — AI-powered unit testing solutions for all developers. Accelerate your code quality journey with the right tools. Monitor, write and review tests faster than ever before. Now available for Javascript, Typescript, Python and Java.

Portfolio highlights

• Rebar Labs — Rebar Labs is a company that offers research services and infrastructure for bitcoin. The company wants to help users in the Bitcoin ecosystem create more effective and better experiences by addressing issues related to maximum extractable value and offering services that guarantee equitable value distribution.
• Yellow — Yellow is a financial services provider of software, analytics, and investments in blockchain startups.
• Tren Finance — Tren Finance: a secure DeFi liquidity protocol offering seamless asset swaps, yield opportunities, and cross-chain compatibility through automated smart contracts, redefining liquidity for users and institutions.

Portfolio highlights

• Rhuna — Rhuna is an AI and blockchain platform that transforms event management with NFT ticketing and token rewards.
• BridgePort — SaaS, Fintech, Middleware, Trading Infra
• Coca Wallet — Coca Wallet operates as a non-custodial payments app.

Portfolio highlights

• Make Sunsets — We create global cooling by launching reflective, biodegradable, high-altitude clouds. main side effect: more vivid sunsets;)
• Polkadot — Polkadot is a dedicated community that envisions a web where users own their digital identities and data, restoring their authority.
• TALPA Inspection — TALPA-Inspection: Corrosion assessment of infrastructure with robotic systems (e.g., drones)

Portfolio highlights

• Pye Labs — Pye Finance is a Web3 startup that builds a staking-market infrastructure on the Solana blockchain.
• Octane — A developer-first platform to stress-test your smart contracts with cutting-edge AI. One-click install. Save time and money on security.
• BitVault — BitVault is a DeFi protocol that provides a crypto-native money solution via its BTC-backed stablecoin, bvUSD, and yield-bearing staked stablecoin, sbvUSD.

Portfolio highlights

• ORO AI — ORO facilitates the transformation of data into advanced forms of intelligence, representing the next generation of analytical capabilities.
• Nevermined — Payments infrastructure for AI agents. Let your agents pay, get paid, and settle autonomously with built-in metering, billing, and card delegation.
• Templar Protocol — Templar Protocol is a startup that focuses on creating a lending platform for cryptocurrencies, including Bitcoin and other digital assets.

Portfolio highlights

• Greenlane — Greenlane is a distributor of premium cannabis accessories, packaging, vape solutions, and lifestyle products. It serves a diverse and expansive customer base with more than 8,000 retail locations, including licensed cannabis dispensaries, smoke shops, and specialty retailers. The company was founded in 2005 and is based in Boca Raton, Florida.
• Flora Growth Corp. — Flora Growth is a global cannabis company that leverages natural, cost-effective cultivation practices to supply cannabis derivatives to its diverse business divisions of pharmaceuticals, cosmetics, hemp textiles, and food and beverage.The company makes organic cannabis oils, food and drink with added cannabidiol, and pharmaceutical-, medical-,and cosmetic-grade cannabis plant derivatives.Flora Growth was established in 2019 by
• Cluster Protocol — Cluster Protocol is the co-ordination layer for AI agents, a carnot engine fueling the AI economy making sure the AI developers are monetized for their AI models and users get an unified seamless experience to build that next AI app/ agent within a virtual disposable environment facilitating the creation of modular, self-evolving AI agents.

Portfolio highlights

• BetterPic — Forget expensive, complicated photoshoots. Get your professional headshots on the go, with 8 selfies/casual photos in less than an hour. High-quality customer service, top data privacy, and a clear money-back guarantee policy.
• Nilo — Nilo is a collaborative 3D platform that works across desktop, mobile, Discord, and Telegram. It combines generative AI with world-building tools, allowing users to generate assets, characters, animations, and code from natural language or drawings. The result: a radically simplified creation experience that lowers the barrier to entry andaccelerates how quickly new ideas can be built, tested, and shared.It’s creation at the speed of culture: whether spinning up a game inspired by today’s viral sound, turning a group chat joke into a playable world or crafting a custom hangout, Nilo transforms imagination into interaction — instantly and collaboratively.Nilo’s key features include:Text-to-3D generation: Create characters, environments, and code from prompts or images. Browser-Based: Nilo runs entirely in your browser - no installs, no downloads, no friction. Voice-enabled coding: A built-in AI-powered code editor that supports spoken commands and natural language for playful, social programming. Real-time multiplayer: Co-create and play with friends instantly.Nilo was founded in April 2024, bringing together veterans from Fortnite, Twitch, YouTube, Snapchat, Microsoft, Adobe, Blizzard, VRChat, Rec Room, and major VFX projects such as Avatar and Star Wars.
• specter automation — Construction is the second least digitized sector in the world with 96% of all data being unused. Although detailed planning data is created upfront, a lack of suitable digital tools prevents its transfer to the construction site. SPECTER’s web-based construction management software uniquely incorporates the core components of constructionplanning, reducing the organizational burden on construction management and helping to meet project timelines and budgets.

Portfolio highlights

• Ad-Shield — Start measuring revenue lost to ad blockers and learn how to get additional revenue through Ad-Shield Recovery today
• Injective — Explore Injective: the high-performance blockchain powering decentralized finance, governance, and next-gen Web3 apps with unmatched speed and scale.
• Decentralised Gaming Ventures — D.G.Pals is a virtual pet, NFT Game Project that focuses on Squad-battler (PvP and Competitive), Siege Defence, Clan System, and various types of genre revolving around the IP as part of the ecosystem in the D.G.Verse.

Portfolio highlights

• Gro — Gro protocol is a stablecoin yield aggregator that tranches risk and yield. The first two products built on it are the PWRD stablecoin with deposit protection and yield, and Vault with leveraged stablecoin yields.
• TRM Labs — Next Generation Blockchain Intelligence | Monitor, Investigate, and Mitigate Crypto Fraud and Financial Crime
• Bullish Global — Bullish Global is a new blockchain-based cryptocurrency exchange designed to combine the performance, user privacy, and compliance offered by central order book technology with the vertically integrated user benefits of decentralized finance (DeFi) market architecture.

Portfolio highlights

• Damex — Empowering businesses with a seamless stablecoin infrastructure that simplifies cross-border payments, treasury management, and financial integration.
• Wisdomise — Wisomise is an intelligence-augmented ecosystem, which offers you all you need in order to gain the most out of your Web3 investments, in terms of both better returns as well as more informed risks.
• Pulsar Finance — Pulsar Finance portfolio manager has been shut down. Follow us on X for updates on our new project.

Portfolio highlights

• Beekeeper — Beekeeper is the employee app built for frontline success. Connect frontline teams, boost engagement, and make every shift more productive.
• Epic Games — Welcome to Epic Games Store! Download and play PC Games of every genre. We have mods, DLC and Free Games too! Games for everyone.
• Coverflex — Coverflex is on a mission to improve the way companies compensate their people, making it more transparent, flexible and easier for everyone to make the most of what they get. Through a fully digital solution, Coverflex helps companies manage every part of compensation beyond salary — benefits, insurance, meal allowance and exclusive discounts —while empowering people to spend on what suits them best.

Portfolio highlights

• 375ai — 375ai is an edge data intelligence network on Solana that provides advanced real-time data collection and analysis to power a smarter, more connected world.
• Relay — Relay is a multichain payments network that allows users to spend any digital asset to transact on any blockchain
• Pyth Network — The Pyth network is a specialized oracle solution for latency-sensitive financial data that is typically kept behind the “walled gardens’’ of centralized institutions. The Pyth network is focused on finding a new and inexpensive way to bring this unique data on-chain and aggregating it securely.

Portfolio highlights

• ETHGas — ETHGas aims to redefine how users engage with Ethereum by providing low-latency, 3ms settlement times, and real-time trading, as well as a comprehensive product suite for exact order execution.
• Rio Network — Rio Network is an operator of a public proof-of-stake blockchain platform intended for the issuance, investment, and life-cycle management of digital securities and crypto assets.
• Allora Labs — The source for NFT pricing. Upshot uses machine learning to provide deep insight into NFT markets and unlocks a wave of exotic new DeFi possibilities.

Portfolio highlights

• 1Konto — 1Konto provides a secure, reliable, and seamless solution to access, trade and settle digital and fiat currencies at the best price through our Web App, API, and OTC desk.
• Leap Wallet — Leap is the ultimate crypto wallet for Cosmos blockchains, offering seamless exploration of multiple chains, asset transfers, staking rewards, governance participation, and more. With best-in-class UX design, managing your crypto assets has never been easier. Stay in control with our 100% non-custodial wallet, securely storing your private keys on your computer. Discover the future of crypto wallets with Leap.
• Flipside Crypto — Enterprise-grade blockchain data + AI agents that deploy wherever your team works.

Portfolio highlights

• Pave Bank — The world's first multi-asset and programmable bank
• WOO Network — Discover WOO's ecosystem of centralized and decentralized apps to seize every opportunity in crypto.
• Silicon Data — Silicon Data is a data product that brings essential intelligence and efficiency to markets.

Portfolio highlights

• TRM Labs — Next Generation Blockchain Intelligence | Monitor, Investigate, and Mitigate Crypto Fraud and Financial Crime
• Puffer — Puffer Finance operates as a blockchain infrastructure company.
• Injective — Explore Injective: the high-performance blockchain powering decentralized finance, governance, and next-gen Web3 apps with unmatched speed and scale.

Portfolio highlights

• Gamium — Gamium is a Web3 and Metaverse technology company building the truly Decentralized Social Metaverse.
• Lympid — We believe that anyone should have access to the amazing opportunities found on the blockchain, from DeFi protocols (aave, compound, yearn…) to Crypto Indexes, there's so much to discover! At Lympid you will be able to do it all easily in the same app, and directly through EUR.
• Alliance Games — Build Beyond Limits. Multiplayer for the Next, Decentralized Era.

Portfolio highlights

• Privy — Rated the #1 sales app in the Shopify App Store. Used by 600,000+ online brands around the world to grow sales NOW with email & SMS.
• Freebird — Freebird is a first-of-its-kind mobile rebooking tool that empowers travelers to skip the line and instantly book a new ticket – on any airline at no additional cost – in the event of a flight cancellation, four-hour delay, or missed connection. Freebird provides travelers with instant notifications in the event of a flight disruption, and offersthe ability to rebook in less than 30 seconds with only three taps on their mobile device.
• PillPack — PillPack is a full-service pharmacy that sorts medication by dose and offers door-to-door delivery. They fill, sort, and deliver all medications in personalized packets based on when you need to take them. Their service helps you take the right meds at the right time, every time.

Portfolio highlights

• Sensei — We are the leading European provider of autonomous stores, with an AI-powered solution to build efficient operations and deliver a seamless shopping experience.
• Coverflex — Coverflex is on a mission to improve the way companies compensate their people, making it more transparent, flexible and easier for everyone to make the most of what they get. Through a fully digital solution, Coverflex helps companies manage every part of compensation beyond salary — benefits, insurance, meal allowance and exclusive discounts —while empowering people to spend on what suits them best.
• Sound Particles — A CGI-like software for Sound Design, capable of using particle systems to generate thousands of sounds in a virtual 3D world

Portfolio highlights

• Cleanwatts — We simplify, amplify and accelerate energy decarbonization for companies and communities around the world. Our clients call upon us to improve their energy efficiency performance and to increase their access to affordable clean energy. Join Cleanwatts today.
• Musiversal — Record your music in real time with world-class session musicians, vocalists, producers and audio engineers
• Brands&Ninjas — SaaS to control the performance of physical marketing campaigns on retail.

Portfolio highlights

• Udemy — Udemy's mission is to create new possibilities for people and organizations everywhere by connecting them to the knowledge and skills they need to succeed in a changing world. The Udemy marketplace platform, with thousands of up-to-date courses in dozens of languages, provides the tools learners, instructors, and enterprises need to achievetheir goals and reach their full potential. Millions of people learn on Udemy from real-world experts in topics ranging from programming and data science to leadership and team building. For companies, Udemy Business offers an employee training and development platform with subscription access to thousands of courses, learning analytics, and the ability to host and distribute their own content.
• TRUE Future — TRUE: creating synergy between a successful Web2 businesses and a well-established Web3 infrastructure for redefining social gaming.
• Lifetime Health — We are a digital platform, transforming the healthcare landscape with our innovative hospital-at-home care services. Our mission is to create an efficient healthcare system that provides essential services, including lab tests, express check-ups, nursing care, and medical devices, right at your doorstep.

Portfolio highlights

• Fly Media — Fly Media offers an AI-powered platform for automated video production and content adaptation driven by smart workflows. The platform helps creators and brands generate, edit, and localize media at scale, streamlining tasks like scene assembly, formatting, and repurposing across channels. Behind its “generated” media vision, the company maintains aseed-stage pitch room with a deck, business plan, and product videos available via its website.Fly Media emphasizes reducing manual overhead in content creation by applying AI to repetitive tasks and enabling teams to focus on high-level creative decisions.
• Moonbeam Network — Moonbeam is an Ethereum-compatible smart contract platform on the Polkadot network that makes it easy to build natively interoperable applications.
• Tools For Humanity — Tools for Humanity is a technology company building for humans in the age of AI.

Portfolio highlights

• AlchemyNFT — AlchemyNFT is a non-fungible token (NFT) service.
• BabylonChain — Babylon is a VC-backed blockchain project founded by Claude. E. Shannon Award recipient, Professor David Tse from Stanford University. The project’s mission is to bring Bitcoin’s unparalleled security to all PoS blockchains in the world. To this end, we are building, as the bridge between Bitcoin and the PoS world, a new public Cosmos-based PoSblockchain called Babylon with a native token.
• Lombard — Lombard is committed to leveraging Bitcoin's potential as a dynamic financial tool by integrating it to DeFi collaborating with technological and infrastructural partners on a common, ecosystem-driven aim to bring Bitcoin to DeFi.

Portfolio highlights

• Cintoo — Cintoo is essential for BIM to bridge the gap between your physical and virtual worlds.
• Automaise — Radically improve your customer care operations by focusing where the volume is and helping your agents do a better job.
• Sword Health — Sword delivers AI Care with clinical oversight to prevent pain, support recovery, and promote whole-body health. Trusted by employers and health plans.

Portfolio highlights

• Brink — Brink is a Bitcoin research and development centre
• Ethena — Enabling the Internet Bond
• Lombard — Lombard is committed to leveraging Bitcoin's potential as a dynamic financial tool by integrating it to DeFi collaborating with technological and infrastructural partners on a common, ecosystem-driven aim to bring Bitcoin to DeFi.

Portfolio highlights

• worm.wtf — worm.wtf is the prediction marketplace for the Solana ecosystem.
• Voyage — Voyage AI is an AI infrastructure project building the first GEOFi network to make AI-generated content citable.
• Circuit & Chisel — Circuit & Chisel is an agentic AI platform that enables agents to make transactions between autonomous agents.

Portfolio highlights

• Didimo — Didimo creates realistic high-fidelity digital humans. Simple, fast, accurate user-generated avatars to integrate into your app, game or site.
• Coverflex — Coverflex is on a mission to improve the way companies compensate their people, making it more transparent, flexible and easier for everyone to make the most of what they get. Through a fully digital solution, Coverflex helps companies manage every part of compensation beyond salary — benefits, insurance, meal allowance and exclusive discounts —while empowering people to spend on what suits them best.

Portfolio highlights

• Marble — Members earn up to 5% back for organizing all their existing insurance policies on Marble.
• CrediLinq.Ai — CrediLinq.Ai is revolutionizing SME lending using AI and machine learning. They Linq artificial intelligence & machine learning with credit underwriting.
• Next Insurance — Protect your small business with ERGO NEXT Insurance. Fast quotes. Instant coverage with competitive rates. Totally tailored for 1,300+ professions.

Portfolio highlights

• API3 — First-party blockchain oracle. Web APIs for trustless apps. Decentrally governed, quantifiably secure data feeds.
• dcSpark — Take your first step into the ever-growing world of Blockchain. By focusing on interoperability and composability, we provide a seamless experience for end users.
• Daler Trading — Daler is an algorithmic trading firm and crypto market maker specializing in options and futures. We provide liquidity and market-making services for the cryptocurrency ecosystem and Real-World Assets (RWA) across over 30 centralized (CEX) and decentralized exchanges (DEX).

Portfolio highlights

• Djamo — Djamo is a Provider of financial applications to allow customers to use their cards with zero fees in a wide range of services.
• Yampa — Discover yampa's autonomous AI agents and revolutionize your customer experience. Elevate your service with the most advanced AI technology.
• HostnFly — HostnFly develops algorithms to optimize the income from rented apartments on Airbnb. The company also offer Parisians to take care of their apartment rental by guaranteeing an income.

Portfolio highlights

• EthicHub — EthicHub connect groups of smallholder farmers on a profitable activity, with lenders from all over the world and with direct buyers, creating value to all parties. By combining lending and product sale services we use the coffee as collateral for the loan and improve unit economics. Now it is possible to serve smallholder farmers in a veryprofitable way. EthicHub creates value from mutual benefit: Lenders provide affordable loans to the smallholder farmers (only coffee producers in early stage) and direct buyers (coffee roasters in early stage) offer faire prices for the crops, enabling farmers to have the resources to payback the loans and to get free from the poverty and low productivity cycle.
• Hata — Your crypto gateway to global opportunities. Regulated by the Labuan Financial Services Authority. Buy, sell, and trade crypto securely.
• Mesh — Mesh enables safer, easier crypto transfers and payments from 300+ leading exchanges and wallets, all without leaving your platform

Portfolio highlights

• Utexo — Utexo develops payment infrastructure that enables stablecoin transactions to settle directly on the Bitcoin network. The platform provides an API and related tools that allow payment operators, exchanges, wallets, and financial platforms to process USDT transfers through Bitcoin-based rails. Its system integrates technologies such as the LightningNetwork and the RGB protocol to support instant settlement, encrypted transaction execution, and predictable transaction costs. Utexo also offers cloud infrastructure and developer tools that manage routing, liquidity, and node operations required for stablecoin payments on Bitcoin. These services allow organizations to integrate Bitcoin-based stablecoin settlement into existing applications without operating or maintaining underlying blockchain infrastructure.
• Antidote — London-based startup studio for Bitcoin founders
• Capital B — The Blockchain Group is  a blockchain-powered ecosystem. They enable firms to utilize the ability of distributed energy through their many divisions. They offer to incubate, build, develop operationally, and strategically invest in internet and technology companies.

Portfolio highlights

• TonUP — TonUP offers cryptocurrencies as well as IDO services.
• 4Everland — 4EVERLAND is a Web 3.0 cloud computing platform that integrates storage, computing, and network core capabilities.
• Ordz Games — Ordz Games is a gaming provider for the Bitcoin eco-chain.

Portfolio highlights

• HolmesAI — HolmesAI is a decentralised AI agent that offers persona customisation, tool integration, and task-specific agent deployment services.
• Kaia — Kaia is a public blockchain that utilizes Byzantine Fault Tolerance (BFT) for enhanced reliability and performance.
• aZen Protocol — aZen Protocol is a decentralized infrastructure for ubiquitous computing that utilizes blockchain technology to create a shared economy of computing power. It connects and manages resources globally to form a stable, distributed network that can support various applications such as DePIN, AI and Edge Computing.