VC Fund Investments
Fintech startup Decentro raises $4.7-M
Bangalore-based Y Combinator-backed Decentro, a banking and payments API infrastructure startup, has raised USD 4.7 million in a Series A funding round led by foreign VC investors Rapyd Ventures, Leonis VC and Uncorrelated Ventures. Indian angel investors, including Kunal Shah (Founder, CRED), Lalit Keshre (Co-founder and CEO, Groww), Beerud Sheth (Co-founder and CEO, Gupshup), and Pratekk Agarwaal (Ex-CBO, BharatPe), also participated in the round. The startup will use the funds to scale-up hiring across its business, product, tech, and operations team. It also aims to expand its customer base to larger enterprise platforms and new categories of financial institutions across India. Founded in 2020 by Rohit Taneja and Pratik Daudkhane, Decentro's platform helps companies stitch their banking, payments, and fintech workflows in a matter of a few days.
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