Bengaluru-based fintech startup Decentro has successfully raised $3.5 million (approximately INR 30 crore) in a Series B funding round, marking a significant milestone in its journey to revolutionize API banking solutions in India. The funding round was led by InfoEdge Ventures, with participation from Stargazer Growth, backed by Groww CEO Lalit Keshre, and existing investor Uncorrelated Ventures.
Founded in 2020, Decentro provides a robust API platform that enables businesses to integrate banking and payment services seamlessly. The company currently handles over 50,000 crore rupees (around $5.8 billion) in annual payment volumes, serving more than 1,300 clients across various sectors. This latest funding is set to accelerate Decentro’s mission to enhance its platform and expand its customer base.
In addition to scaling operations, Decentro plans to use the funds to strengthen its product offerings and invest in cutting-edge technology. The startup aims to simplify financial workflows for businesses, making banking integrations faster and more efficient in a rapidly digitizing Indian market.
A noteworthy aspect of Decentro’s strategy includes a reverse-flipping plan, with the company intending to shift its headquarters from Singapore back to India within the next 12-18 months. This move reflects a growing trend among Indian startups to domicile in their home country, driven by favorable policies and a booming domestic market.
The fintech sector in India continues to attract significant investor interest, with Decentro’s funding round underscoring the potential of API-driven financial solutions. As digital payments and banking services gain traction, Decentro is well-positioned to capitalize on this trend and drive innovation in the space.
With this fresh capital injection, Decentro is poised for rapid growth, aiming to solidify its position as a leader in the fintech ecosystem. Industry experts are optimistic about the startup’s future, given its strong client base and innovative approach to solving complex financial integration challenges.
Maria Lourdes
