API banking platform Decentro raises Rs 30 crore in funding, will shift domicile back to India

Bengaluru-headquartered API banking platform Decentro has raised Rs 30 crore in a Series B funding round led by InfoEdge Ventures, with participation from Stargazer Growth and existing investor Uncorrelated Ventures. The startup also announced that it will move its parent entity’s domicile from Singapore back to India over the next 12–18 months.

Founded in 2020, Decentro operates as an API banking and data infrastructure platform for regulated entities across the financial services spectrum. The startup claims to power over Rs 40,000 crore in annual payment volumes and serve more than 1,300 enterprise customers, including NBFCs, banks, digital lenders, and commerce platforms.

The investment comes at a time when Decentro has achieved profitability and is expected to fuel expansion across its three core verticals: KYC and data intelligence, payment processing infrastructure, and AI-powered debt collection tools.

While consumer-facing fintech has attracted most of the funding over the past few years, Decentro has focused on what it describes as “invisible infrastructure”—the technology stack enabling regulated entities to onboard users, move money, and manage credit flows compliantly and securely.

The startup's online platform is designed to abstract away the regulatory and technical complexity of integrating with multiple banking and credit systems. Among its most used offerings are its real-time KYC stack for businesses, reconciliation-ready enterprise payouts, and an AI-powered collections engine targeting high delinquency portfolios.

Recently, Decentro launched Scanner and Neobot. Scanner is a real-time user profiling and risk evaluation engine built to serve verticals like BFSI and e-commerce. Neobot, which was launched earlier this year, is pitched as India’s first multilingual AI voice agent for debt collections and recovery. The tool is designed to automate large portions of the collections workflow, particularly for NBFCs and fintechs tackling India’s estimated Rs 10 lakh crore non-performing asset pool.

Decentro co-founder and CEO Rohit Taneja described the investment as an opportunity to “double down on deep partnerships with enterprise customers” and added that the startup's long-term base will now shift back to India.

The decision to undertake a reverse flip—a move to redomicile the parent entity from Singapore to India—follows a recent wave of structural returns among growth-stage Indian startups, particularly in sectors like fintech, healthtech, and SaaS. Recently, fintech giant Razorpay completed the long-anticipated shift of its parent company’s domicile from the United States to India, a move that aligns with its broader push toward an initial public offering (IPO).

“This flip is a strong statement of our commitment to India and our belief in its capacity to foster and scale global financial infrastructure companies. We are building not just for India, but from India for global opportunities,” said Pratik Daudkhane, Co-founder of Decentro.

With the latest round of funding, Decentro plans to deepen enterprise adoption, enhance product capabilities, and expand overall trade and marketing (GTM) initiatives across financial institutions, including banks, non-banking financial companies (NBFCs), fintech platforms, and digital lenders.