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Fintech startup Decentro has secured INR 30 Cr (around $3.5 Mn) in a Series B funding round led by InfoEdge Ventures.
The round also saw participation from Stargazer Growth, along with existing investors, including Uncorrelated Ventures, among others.
The startup plans to use the fresh capital to deepen enterprise adoption, enhance product capabilities and expand its trade and marketing initiatives across financial institutions.
Decentro’s cofounder and chief executive Rohit Taneja said, “This fund raise allows us to double down on what’s working well; deep partnerships with enterprise customers and building products that power mission-critical financial flows.”
Further, the fintech startup is also planning to shift back its parent entity from Singapore to India over the next 12-18 months. “India is where it all started, and we want to make this our long-term base with the eventual flip.” Taneja added.
Founded in 2020 by Taneja and Pratik Daudkhane, Decentro is a full-stack API banking startup that allows companies select their modules, integrate with sandbox (banking APIs) and launch products within a few days.
Recently, the company has claimed to have launched two new products namely, Scanner, which operates as a real-time user profiling and risk assessment engine, and Neobot, a multilingual AI voice agent for automated debt collections.
(The story will be updated soon)
The post Fintech Startup Decentro Bags INR 30 Cr, Plans Reverse Flipping In 12-18 Months appeared first on Inc42 Media.
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