'Building and scaling a banking infrastructure platform' Decentro was created to solve the long-standing infrastructural problem of the banking system and offer automated solutions for seamless financial flows.
By Entrepreneur Staff •
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We are in an era where one-tap payments compete fiercely against one-click payments, making India the poster child of Fintech innovation. Yet, in the larger scheme of things, the Indian banking system operates on a traditionally sluggish process. This obsolete banking integration system hampers a company's ability to launch its product. This leaves room for innovators to redefine how banks and financial institutions launch their products. Decentro aspires to be one of those platforms built to be a bridge of efficiency. A bridge that simultaneously enables legacy institutions and businesses operating in the ecosystem.
With Decentro, one can sign up as a company/developer. They can then select the desired financial modules, play in the sandbox, and launch the product or service with APIs and SDKs within a few weeks. The payoff? These companies can save significant time in banking integration and focus on faster go-to-market strategies. Decentro handles upcoming fixes, underlying iterations, and automatic updates without breaking flow. Operating in a regulated market, its offerings promise the highest degree of compliance, allowing its customer base to sit at over 350 firms across Fintech and banking space.
'Think in decades, and not in years," said Rohit Taneja, founder, and CEO, of Decentro. As a serial entrepreneur with over 10 years of experience in payments and banking, I often refer to the above quote. This ethos has allowed me to lead a pandemic-incepted organization, built to empower businesses with a robust, reliable, and cost-effective banking infrastructure. We wanted to be the enablers of the inevitable digital-first future. Two years in, our products continue to do that. We have enabled businesses to experience 10X faster go-tomarket timelines. We have also been instrumental in reducing their operational expenditures by more than 90%. And finally, we have been successful at lowering customer acquisition costs significantly.
Decentro has also created its unique brand value through a collaborative approach of enabling the fintech ecosystem from the ground up. For example, we have partnered with some top banks, such as Yes Bank and ICICI Bank in India, to enable seamless API connectivity and a swift money flow.
"Ultimately, our platform enables experimentation and financial innovation at an unprecedented scale for the entire Fintech ecosystem. We are on a strong growth path within India's $200 billion fintech opportunity, a hub of innovation and upgradation in the global financial services industry," Taneja concluded.
FACTS
Last Funding Type: Series A
Total Round: 2 Amount in Series A: $4.7 Mn
Year of inception: 2020
Number of employees: 50+
