API banking platform Decentro, a FinTech startup providing full-stack infrastructure for financial services, has raised $3.5m in a Series B funding round to support its next phase of growth.
The investment round was led by InfoEdge Ventures, with additional backing from Stargazer Growth and existing investors such as Uncorrelated Ventures, according to a report from Inc42.
Founded in 2020 by Rohit Taneja and Pratik Daudkhane, Decentro offers API-based banking modules that enable businesses to launch and scale financial products quickly. The company is positioned as one of India’s leading FinTech infrastructure platforms, serving over 1,200 enterprise customers including Dhan, Muthoot Finance, Cars24, CASHe, BharatPe, and MakeMyTrip.
The newly raised capital will be used to deepen enterprise adoption of Decentro’s platform, enhance its product capabilities, and expand marketing and trade initiatives among financial institutions.
In addition to the funding, the company is also planning a corporate restructuring. Decentro intends to relocate its parent entity from Singapore back to India over the next 12–18 months.
Decentro cofounder and chief executive Rohit Taneja said, “India is where it all started, and we want to make this our long-term base with the eventual flip.”
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