Fintech startup Decentro raised $4.7 million in Series A led by Rapyd Ventures along with Leonis VC and Uncorrelated Venturesv where angel investors Kunal Shah from CRED, Lalit Keshre from Groww, Beerud Sheth from Gupshup and Pratekk Agarwaal from BharatPe also participated.
Decentro’s platform enables businesses to quickly integrate their banking, payments, and fintech workflows. The funds will be used to expand hiring across the startup’s business, product, technology, and operations teams. It also intends to broaden its customer base to include larger enterprise platforms and new types of financial institutions throughout India. Decentro has collaborated with over five private banks and financial institutions, including Yes Bank, ICICI, and Axis.