Decentro, a Bengaluru-based fintech startup, has raised ₹30 crore (around $3.5 million) in its Series B funding round led by InfoEdge Ventures.
The round also saw participation from Stargazer Growth, backed by Groww CEO Lalit Keshre, and existing investor Uncorrelated Ventures.
The fresh capital raised will be used to deepen enterprise adoption, scale product capabilities, and expand go-to-market initiatives across financial institutions, including banks, NBFCs, and fintech platforms.
Founded in 2020 by Rohit Taneja and Pratik Daudkhane, Decentro offers a comprehensive API banking platform that powers over 1,300 businesses, including major banks, NBFCs, digital lenders, and fintech companies such as CRED, MakeMyTrip, Meesho, MoneyTap, and AU Small Finance Bank.
Decentro’s API-led infrastructure enables seamless integration for financial institutions, allowing them to launch new services with plug-and-play modules in a matter of days. The platform covers a wide spectrum of solutions, including consumer and business verification, payment collections and disbursals, KYC, data intelligence, and AI-powered debt recovery.
Recently, the company has claimed to have launched two new products namely, Scanner, which operates as a real-time user profiling and risk assessment engine, and Neobot, a multilingual AI voice agent for automated debt collections.
The startup, which is Y Combinator-backed, processes over Rs 50,000 crore in annual payment volumes.
The startup is also planning to shift its headquarters from Singapore to India within the next 12 to 18 months.
Rohit Taneja, Co-founder and CEO, said, “Our goal has always been to make financial & banking infrastructure simple, secure, and reliable at scale. This fundraise allows us to double down on what’s working well; deep partnerships with enterprise customers and building products that power mission-critical financial flows. India is where it all started, and we want to make this our long-term base with the eventual flip.”
