While flashy fintech apps fight for your attention, Decentro is becoming the backbone of Indian banking In the noisy world of consumer fintech, one startup is quietly winning
In the noisy world of consumer fintech, one startup is quietly winning — without flashy apps or celebrity ads.
Decentro, a Bengaluru-based API banking platform, just raised Rs 30 crore (around $3.6 million) in a Series B funding round, led by InfoEdge Ventures, with participation from Stargazer Growth and existing investor Uncorrelated Ventures.
But here’s the twist: This profitable fintech is powering over Rs 40,000 crore in annual payment volume, working with over 1,300 enterprise clients — all while staying mostly out of the spotlight.
Think of Decentro as the plumbing of digital finance.
Founded in 2020, Decentro builds the API-based infrastructure that helps regulated financial entities like banks, NBFCs, fintechs, and lenders do the heavy lifting — from onboarding customers to moving money, verifying identities, and even collecting debt.
In simpler terms: if your bank, loan app, or payment provider seems seamless, there’s a good chance a company like Decentro is working behind the scenes to make that magic happen.
And now, with fresh capital and a clear roadmap, Decentro is going all in on India.
While the funding amount may not sound massive in the age of unicorns, it’s strategic and focused.
Here’s what Decentro plans to do with the money:
“We’ve achieved profitability, and this investment is about scaling what works,” said the founders. “We’re not chasing the hype. We’re building real infrastructure for India’s financial future.”
In a surprising but strategic decision, Decentro also announced it’s shifting its parent company’s legal base back to India from Singapore within the next 12–18 months.
Why now?
The move also signals confidence in India’s policy ecosystem — a notable shift at a time when many startups have historically chosen to incorporate overseas.
Decentro’s big bet isn’t on flashy user interfaces — it’s on the “invisible layers” of finance.
These are the tools most consumers never see but are critical to:
This is where Decentro shines. It builds modular, plug-and-play APIs that financial institutions can drop into their systems — saving them months (or years) of building in-house.
And in a world where speed, security, and compliance are non-negotiable, Decentro has quietly become the tech backbone for India’s next-gen finance stack.
This isn’t a startup in MVP mode — it’s already deeply embedded in India’s financial system.
While most of the funding headlines in recent years have gone to consumer-facing apps (think digital wallets, neobanks, or BNPL), investors are now paying attention to B2B infrastructure startups like Decentro.
Here’s why:
And Decentro is right at the center of that movement.
With profitability already achieved and a strong product-market fit, Decentro isn’t chasing virality — it’s scaling strategically.
The plan for the next 12–18 months includes:
They’re not building the next flashy fintech app — they’re building the tools that make all those apps possible.
While others pitch to consumers, Decentro builds for the builders — quietly powering the platforms that handle billions every day.
With fresh funding, a return to Indian soil, and a no-fluff focus on scalable infrastructure, Decentro is poised to become one of India’s most important fintech enablers.
If you’ve never heard of them before, that’s exactly how they like it.
