Decentro Raises Rs 30 Crore, Plans Domicile Shift to India

Y Combinator-backed fintech startup Decentro has raised Rs 30 crore (approximately $3.6 million) in a Series B funding round led by InfoEdge Ventures, with participation from Stargazer Growth and existing investor Uncorrelated Ventures. The Bengaluru-based company plans to use the funds to accelerate enterprise adoption, deepen product innovation, and expand go-to-market efforts targeting banks, NBFCs, digital lenders, and fintech platforms. Decentro offers a comprehensive API banking platform that processes over Rs 50,000 crore in annual payment volumes and serves more than 1,300 enterprise clients, providing solutions such as customer and business verification, payment collections and disbursals, and AI-powered debt recovery. Recently, Decentro launched Scanner, a real-time risk assessment engine, and Neobot, India's first multilingual AI voice agent for automated debt collections, aimed at addressing India's large NPA challenge. The company is also planning to relocate its parent entity from Singapore to India within the next 12 to 18 months, signaling a long-term commitment to the Indian market amid improved regulatory clarity and increasing IPO ambitions. Despite reporting a 47% year-on-year revenue increase in FY24, Decentro experienced a loss during the same period, underscoring ongoing investment in growth and product development.