Bengaluru-based fintech startup Decentro has secured ₹30 crore in Series B funding led by InfoEdge Ventures, enabling its planned move from Singapore to India and accelerating development of its API-driven banking platform used by over 1,300 businesses including CRED and MakeMyTrip.
Bengaluru-based fintech startup Decentro has successfully raised ₹30 crore (approximately $3.5 million) in its Series B funding round, led by InfoEdge Ventures. The round also saw participation from Stargazer Growth, supported by Groww CEO Lalit Keshre, alongside existing investor Uncorrelated Ventures. Since its inception in 2020 by Rohit Taneja and Pratik Daudkhane, Decentro has made a notable impact in the fintech landscape, emerging as a frontrunner by providing an extensive API banking platform that serves over 1,300 businesses. This includes major players like CRED, MakeMyTrip, and AU Small Finance Bank. Highlighting its commitment to the Indian market, Decentro plans to relocate its headquarters from Singapore to India within the next 12 to 18 months.
Decentro’s API-led infrastructure is designed for seamless integration, allowing financial institutions to launch new services rapidly using plug-and-play modules. The platform encompasses a wide range of solutions, including consumer and business verification, payment collections and disbursements, KYC, and AI-driven debt recovery. Its ability to facilitate faster product launches positions Decentro as a critical player in the growing demand for digitised financial services, particularly among Non-Banking Financial Companies (NBFCs). Recent partnerships with several NBFCs, including Saraloan and Nimisha Finance India, are aimed at enhancing customer experiences and streamlining financial operations, illustrating the practical applications of its API banking infrastructure.
Rohit Taneja, co-founder and CEO, underscored the importance of this latest round of funding, stating that the capital will be instrumental in strengthening partnerships with enterprise customers and in powering essential financial flows. With the fintech landscape in India witnessing rapid evolution, Decentro’s approaches to scalability and innovation are set to drive further advancements in digital transformation and financial inclusion.
Additionally, Decentro has recently launched Flow 2.0, a next-generation payment aggregator stack compliant with the Reserve Bank of India’s standards. This platform promises enhanced security and superior performance capabilities, further solidifying Decentro’s role as a trusted infrastructure provider. Flow 2.0 has already begun serving clients including Shiprocket and Volopay, showcasing Decentro's focus on operational efficiency and rapid deployment.
The fresh capital from the Series B funding round will be leveraged to bolster product capabilities, expand market outreach initiatives, and deepen enterprise adoption across a spectrum of financial institutions. Decentro's vision to establish itself as India’s definitive operating system for financial infrastructure aims to simplify, secure, and scale banking and financial services, marking a significant stride in the fintech sector’s evolution in India.
📌 Reference Map:
Source: Noah Wire Services
Noah Fact Check Pro
The draft above was created using the information available at the time the story first
emerged. We’ve since applied our fact-checking process to the final narrative, based on the criteria listed
below. The results are intended to help you assess the credibility of the piece and highlight any areas that may
warrant further investigation.
Freshness check
Score:
3
Notes:
The narrative reports Decentro's Series B funding of ₹30 crore, led by InfoEdge Ventures, with participation from Stargazer Growth and Uncorrelated Ventures. However, no verifiable sources confirm this funding round. The earliest known publication date for similar content is November 1, 2022, when Decentro raised $4.7 million in a Series A round. ([timesofindia.indiatimes.com](https://timesofindia.indiatimes.com/decentro-raises-usd-4-7-mn-to-grow-fintech-as-a-service-platform/articleshow/95237856.cms?utm_source=openai)) The absence of recent, credible reports on this Series B funding suggests the narrative may be based on unverified or recycled information. Additionally, the narrative includes a reference map with links to other articles, but these do not corroborate the claimed funding round. This lack of supporting evidence raises concerns about the freshness and accuracy of the information. ([yourstory.com](https://yourstory.com/2022/11/bengaluru-fintech-startup-banking-api-platform-decentro-series-a-funding?utm_source=openai))
Quotes check
Score:
2
Notes:
The narrative includes direct quotes from Decentro's CEO, Rohit Taneja, and references to partnerships with various financial institutions. However, these quotes and claims do not appear in any verifiable sources. The absence of these statements in credible reports suggests they may be fabricated or unverified, raising concerns about the authenticity of the content.
Source reliability
Score:
2
Notes:
The narrative originates from a source with limited verifiable presence and credibility. The lack of a reputable publisher or author associated with the content further diminishes its reliability. This raises significant concerns about the trustworthiness of the information presented.
Plausability check
Score:
3
Notes:
The narrative makes specific claims about Decentro's Series B funding and strategic plans, but these are not corroborated by any credible sources. The absence of supporting details from reputable outlets and the lack of specific factual anchors (e.g., names, institutions, dates) suggest the content may be synthetic or speculative. Additionally, the tone and structure of the narrative, including excessive or off-topic details unrelated to the claim, may be intended to distract or mislead readers.
Overall assessment
Verdict (FAIL, OPEN, PASS): FAIL
Confidence (LOW, MEDIUM, HIGH): HIGH
Summary:
The narrative presents unverified claims about Decentro's Series B funding and strategic initiatives, with no corroborating evidence from credible sources. The lack of freshness, authenticity, and supporting details, combined with the questionable reliability of the source, leads to a high confidence in the assessment that the content is likely disinformation.
