Decentro raises Rs 30 Cr in Series B, to shift domicile to India

Y-Combinator-backed fintech startup Decentro has raised Rs 30 crore in its Series B funding round led by InfoEdge Ventures, with participation from Stargazer Growth and existing investors such as Uncorrelated Ventures. 

Entrackr has exclusively reported the Series B round recently. 

The proceeds will be used to grow enterprise adoption, expand product capabilities, and strengthen go-to-market efforts across financial institutions. 

Co-founded by Rohit Taneja and Pratik Daudkhane, Decentro’s offerings cover consumer and business verification, payment infrastructure for collections and disbursals, and AI-driven debt recovery systems.

The API banking platform, which processes over Rs 50,000 crore in annual payment volumes, plans to shift its parent entity from Singapore to India within the next 12 to 18 months. 

The company claims to be profitable and serves more than 1,300 businesses including NBFCs, digital lenders, banks, and fintech firms. Recently, it launched Scanner, a real-time risk assessment engine, and Neobot, a multilingual AI voice agent focused on debt collections. 

As per TheKredible, Decentro reported a 47% year-on-year increase in operating revenue to Rs 17.7 crore in FY24 from Rs 12 crore in FY23. However, the company slipped into a loss of Rs 2.46 crore during the same period, after posting a profit in the previous fiscal.