Decentro builds banking and payments APIs that enable companies to launch products such as banking, payment cards, neobanking, collections and payout services, plus virtual, business and escrow accounts and lending. The startup has partnered with banks and payments networks including Axis Bank, ICICI Bank, Kotak Mahindra Bank, Yes Bank, Visa and RuPay, and integrates with Quickwork, Equifax, Aadhaar and NSDL for KYC and document verification. Founded in 2020 and headquartered in Bengaluru, Decentro has amassed over 250 customers across commerce and fintech and has a headcount of over 40 people. The company reports average 70 million annualized API transactions over the last 12 months and says API volumes have grown 50–70% quarter-over-quarter since early 2021. Decentro also reports revenues have grown more than 35x and the business is profitable. The startup plans to use funding to deepen bank partnerships, move into large-enterprise categories, acquire licenses and launch in Singapore to expand beyond India.

Total raised

$5M

Funding rounds

1

Latest round

Series A

Latest activity

Oct 2022