Decentro, the Y-Combinator backed API banking platform, has raised USD 3.6 million (~INR 30 crore) in its Series B round led by InfoEdge Ventures with participation from Stargazer Growth (backed by Groww CEO Lalit Keshre) and existing investor Uncorrelated Ventures.
The new capital will be used to accelerate enterprise adoption, deepen product innovation and go-to-market strategies for a wide range of financial institutions including banks, NBFCs, digital lenders and emerging fintech platforms.
“Our goal has always been to make financial and banking infrastructure simple, secure and reliable at scale,” said Rohit Taneja, Co-founder and CEO of Decentro. “This fundraise allows us to double down on what’s working – deep partnerships with enterprise customers and products that power mission critical financial flows.”
Building India’s Financial Operating System
Founded in 2020 by Rohit Taneja and Pratik Daudkhane, Decentro offers a suite of API based financial infrastructure solutions. These include consumer and business verification, payment collections and disbursals and AI powered debt recovery – all essential capabilities for modern financial service providers.
Decentro is building backend fintech enablement – providing the infrastructure layer rather than competing for front-end consumer engagement. With a rapidly growing footprint, the company processes over INR 50,000 crore in annual payment volumes and services over 1,300 enterprise clients including several banks and non-banking financial institutions.
Product Innovation Driving Scale
The company has launched two major AI driven tools in the last few months:
- Scanner: A real-time risk assessment engine that profiles users for creditworthiness and fraud signals, helps financial institutions make faster and more informed decisions.
- Neobot: India’s first multilingual AI voice agent for automated debt collection. Designed to address India’s massive NPA (Non-Performing Assets) challenge – estimated at over INR 10 lakh crore – Neobot engages borrowers in regional languages, ensures higher recovery rates with minimal manual intervention.AI
Financial Performance
Decentro reported 47% YoY growth in operating revenue, from INR 12 crore in FY23 to INR 17.7 crore in FY24. However, the company posted a loss of INR 2.46 crore in FY24, down from a profit in the previous fiscal year—due to increased investment in product and market expansion.
Despite this temporary dip into the red, industry experts see the company’s financials positively, especially given its ability to scale fast and stay relevant across multiple verticals in the financial ecosystem.
Domicile Shift
In a move that underscores its long term commitment to India, Decentro has also announced plans to shift its parent entity to India in 12-18 months. This “reverse flip” is seen as a vote of confidence in India’s regulatory and innovation landscape.he reverse flip has become a common trend among companies preparing to launch their IPOs. Many IPO aspirants, such as Flipkart, Zepto, Meesho and Razorpay, have undergone this process.
“India is where it all started and we want to make this our long term base. This flip is a strong statement of our belief in India’s ability to host global financial infrastructure companies,” said Co-founder Pratik Daudkhane.
Backing Infrastructure-First Fintechs
Decentro Series B is part of a larger trend of investors backing infrastructure-first fintechs—those building the technology behind digital finance rather than competing in the crowded B2C space. InfoEdge and Stargazer Growth, both new investors, believe in the company’s differentiated model and long term scalability.
With robust API infrastructure, AI integrations and India as its innovation hub, Decentro is well placed to shape the next decade of digital financial services.
About Decentro
Founded in 2020, Decentro is a fintech infrastructure company offering plug and play APIs for banking, verification, payments and collections. Backed by Y-Combinator, the company serves over 1,300 businesses and processes INR 50,000 crore+ in annual transactions.
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