Total amount raised
$8.5M
Latest funding date
2025-06-06
Location
Decentro has successfully raised funding over four rounds, with the latest being a Series B round. The company is backed by 31 investors, including Uncorrelated Ventures and Info Edge Ventures.
What Is Decentro?
Decentro is a private API banking platform founded in 2020, based in Singapore (with plans to re-domicile to India), offering modular APIs and SDKs for integrating financial products. The company operates in the banking, developer APIs, financial services, fintech, payments, and software industries.
Backed by Y Combinator (S20 batch), Decentro has grown to serve over 1,300 enterprise clients across NBFCs, fintechs, digital lenders, and banks. The company is currently in its Series B funding stage and has acquired Neowise Money.
How Much Funding Has Decentro Raised?
- Series B
- Amount Raised: INR 30 crore (approx. USD 3.5 million)
- Date: June 6, 2025
- Lead Investors: InfoEdge Ventures
- Other Investors: Stargazer Growth (backed by Groww co-founder Lalit Keshre), Uncorrelated Ventures (existing investor)
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To deepen enterprise adoption, enhance product capabilities, expand marketing and trade initiatives among financial institutions, and support the company's planned relocation of its parent entity from Singapore to India.
- Series A
- Amount Raised: USD 4.7 million
- Date: November 1, 2022
- Lead Investors: Rapyd Ventures
- Other Investors: Leonis VC, Uncorrelated Ventures; angel investors: Kunal Shah (Founder, CRED), Lalit Keshre (Co-founder & CEO, Groww), Beerud Sheth (Co-founder & CEO, Gupshup), Pratekk Agarwaal (Ex-CBO, BharatPe)
- Valuation at Round: USD 50 million (post-money)
- Motivation Behind the Round: To scale up hiring and expand the customer base to larger enterprise platforms and new categories of financial institutions across India.
- Seed Round (February 2021)
- Amount Raised: USD 300,000
- Date: February 11, 2021
- Lead Investors: FundersClub
- Other Investors: VentureSouq, Locus Ventures, Constellation Capital, Unpopular Ventures (AngelList syndicate), and additional angel investors
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate customer acquisition and expand integrations with partner banks.
- Seed Round (July 2020)
- Amount Raised: Not publicly disclosed
- Date: July 6, 2020
- Lead Investors: Y Combinator
- Other Investors: Plug & Play, UpSparks VC, Rajesh Dembla (Justdial), Gaurav Sharma (Atlantis Tech), Vidit Aatrey and Sanjeev Barnwal (Meesho co-founders), Jatin Mazalcar (Meesho CFO), Pawan Gupta (Curofy), and other angels
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the initial launch and development of Decentro's API banking platform.
- Grant / Prize Money (September 2023)
- Amount Raised: Not publicly disclosed (finalist in Visa Everywhere Initiative 2023 Global Finals)
- Date: September 2023
- Grantor: Visa
- Valuation at Round: Not publicly disclosed
- Motivation: Recognition as a global finalist in Visa's annual fintech competition.
Total Amount Raised: At least USD 8.5 million based on disclosed funding (Series B: ~USD 3.5M + Series A: USD 4.7M + Feb 2021 Seed: USD 0.3M; July 2020 Seed and Visa grant amounts undisclosed).
Current Valuation: Not publicly disclosed (last known post-money valuation: USD 50 million as of November 2022)
Key Investors
- InfoEdge Ventures
- Details: InfoEdge Ventures is the venture capital arm of Info Edge (India) Ltd., known for backing technology and internet startups. They led the Series B funding round for Decentro in June 2025.
- Investment Focus Areas: Technology, internet, SaaS, fintech, startups
- Notable Investments: Zomato, PolicyBazaar, Naukri.com
- Rapyd Ventures
- Details: Rapyd Ventures is the venture arm of UK-based fintech-as-a-service giant Rapyd. They led the Series A funding round for Decentro in November 2022.
- Investment Focus Areas: Fintech, payment solutions, financial services
- Notable Investments: Not publicly disclosed
- FundersClub
- Details: FundersClub is a venture capital firm that connects accredited investors with pre-vetted startup investment opportunities. They led Decentro's February 2021 seed round.
- Investment Focus Areas: Technology, startups, early-stage companies
- Notable Investments: Coinbase, Instacart, GitLab
- Uncorrelated Ventures
- Details: Uncorrelated Ventures is a California-based venture capital firm focused on early-stage technology companies. They participated in both the Series A and Series B rounds of Decentro.
- Investment Focus Areas: Technology, early-stage companies, startups
- Notable Investments: Not publicly disclosed
- Stargazer Growth
- Details: Stargazer Growth is an India-based venture fund backed by Groww CEO Lalit Keshre. They participated in Decentro's Series B round in June 2025.
- Investment Focus Areas: Fintech, technology startups
- Notable Investments: Not publicly disclosed
What's Next for Decentro?
Decentro stands at the cusp of significant growth opportunities, driven by the burgeoning fintech sector. With partnerships with major banks and financial institutions, the company is well-positioned to expand its range of APIs, covering various aspects of fintech such as banking, payment cards, and Neobanking. The fintech opportunity in India alone is valued at $200 billion, providing a vast market for Decentro to capture.
Future fundraising appears promising, given the successful Series A round and the participation of high-profile investors. As Decentro scales its operations and expands its product offerings, it is likely to attract further investment. However, the company may face challenges such as competition from other fintech firms, regulatory hurdles, and the need to maintain the security and reliability of its API services.
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