Fintech startup Decentro has secured ₹30 crore in a Series B funding round led by InfoEdge Ventures, with additional participation from Stargazer Growth and existing backer Uncorrelated Ventures. This fresh capital will support Decentro’s efforts to deepen its presence in India’s financial sector.
Backed by global accelerator Y Combinator, Decentro plans to use the funds to drive enterprise adoption, expand its product suite, and strengthen its engagement with financial institutions. The company simplifies the process for banks, fintechs, and NBFCs to build financial services through its API-first infrastructure.
Founded by Rohit Taneja and Pratik Daudkhane, Decentro offers API-based solutions that automate workflows for customer and business verification, online payments, and AI-driven debt recovery. These tools help businesses eliminate manual processes, enhance compliance, and improve efficiency.
Decentro currently facilitates over ₹50,000 crore in annual payments for more than 1,300 clients—including digital lenders, banks, NBFCs, and financial service firms. It has become a go-to platform for fintechs looking to scale quickly without building financial infrastructure from the ground up.
In a significant strategic shift, Decentro now plans to relocate its parent company’s domicile from Singapore to India within the next 12 to 18 months. This move not only underscores its growing commitment to the Indian market but also aligns with its broader objective of navigating local regulations more effectively and addressing customer needs more closely.
The company has also introduced two key applications for financial institutions:
- Scanner: A real-time risk assessment engine that enables lenders to evaluate customer risk swiftly.
- Neobot: An AI-powered voice agent that facilitates debt collection through automated conversations in regional languages.
According to startup data platform TheKredible, Decentro’s revenue jumped 47% in the last fiscal year—from ₹12 crore in FY23 to ₹17.7 crore in FY24. However, it reported a loss of ₹2.46 crore in FY24, likely due to increased spending on product development and market expansion.
Despite the short-term loss, Decentro’s revenue growth, product innovation, and upcoming move to India signal its strengthened role in shaping the country’s digital financial infrastructure. With new capital and strategic realignment, the company is poised for broader impact in the fintech ecosystem.
