Decentro has secured INR 30 crore in a Series B funding round led by InfoEdge Ventures to bolster its API banking platform and expand its footprint in India's fintech sector.

Information on the Target

Decentro, a Y Combinator-backed fintech startup established in 2020 by Rohit Taneja and Pratik Daudkhane, has successfully raised INR 30 crore in its Series B funding round. The funding initiative was led by InfoEdge Ventures, with contributions from Stargazer Growth, which is backed by Groww CEO Lalit Keshre, and existing investor Uncorrelated Ventures. Decentro specializes in providing a comprehensive API banking platform that facilitates consumer and business verification, payment collections and disbursals, as well as AI-powered debt recovery solutions.

The startup boasts the capability to process annual payment volumes of INR 50,000 crore while catering to over 1,300 businesses. Recent innovations have included products such as Scanner, a real-time user profiling and risk assessment engine for the BFSI and e-commerce sectors, and Neobot, India’s first multilingual AI voice agent aimed at automating debt collections to address the country’s substantial non-performing asset (NPA) issue.

Industry Overview in Target’s Specific Country

The fintech industry in India has been experiencing significant growth and transformation over recent years. With an increasing number of digital-first businesses and a burgeoning consumer base demanding convenient financial solutions, t