How Much Did Decentro Raise? Funding & Key Investors

Decentro has successfully raised funding over four rounds, with the latest being a Series B round. The company is backed by 31 investors, including Uncorrelated Ventures and Info Edge Ventures.

Keep reading to explore the intricacies of Decentro's fundraising journey and the investors backing this innovative platform.

What Is Decentro?

Decentro is a private API banking platform based in Singapore, offering modular APIs and SDKs for integrating financial products. The company operates in the banking, developer APIs, financial services, fintech, payments, and software industries.

Founded in an unspecified year, Decentro has grown to employ between 101 and 250 people. The company is currently in its Series B funding stage and has acquired Neowise Money.

How Much Funding Has Decentro Raised?

1. Series B
   • Amount Raised: INR 300,000,000 (approx. USD 3.6 million)
   • Date: June 2025
   • Lead Investors: Info Edge Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support the growth and expansion of Decentro's API banking platform.
2. Series A
   • Amount Raised: USD 4.7 million
   • Date: October 2022
   • Lead Investors: Rapyd Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To scale up hiring and expand the customer base to larger enterprise platforms and new categories of financial institutions across India.
3. Seed Round (February 2021)
   • Amount Raised: Not publicly disclosed
   • Date: February 2021
   • Lead Investors: FundersClub
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To establish the initial development and market entry of Decentro's fintech solutions.
4. Seed Round (July 2020)
   • Amount Raised: Not publicly disclosed
   • Date: July 2020
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support the initial launch and development of Decentro's API banking platform.

Total Amount Raised: USD 8.3 million

Current Valuation: Not publicly disclosed

Key Investors

• Info Edge Ventures
  • Details: Info Edge Ventures is a prominent venture capital firm known for its investments in technology and internet companies. They led the Series B funding round for Decentro.
  • Investment Focus Areas: Technology, internet, startups
  • Notable Investments: Zomato, PolicyBazaar, Naukri.com
• Rapyd Ventures
  • Details: Rapyd Ventures is the venture arm of the UK-based fintech-as-a-service giant Rapyd. They led the Series A funding round for Decentro.
  • Investment Focus Areas: Fintech, payment solutions, financial services
  • Notable Investments: Not publicly disclosed
• FundersClub
  • Details: FundersClub is a venture capital firm that connects accredited investors with pre-vetted startup investment opportunities. They were key investors in Decentro's seed round.
  • Investment Focus Areas: Technology, startups, early-stage companies
  • Notable Investments: Coinbase, Instacart, GitLab
• Leonis VC
  • Details: Leonis VC is a venture capital firm based in Europe, known for investing in technology startups. They participated in Decentro's Series A funding round.
  • Investment Focus Areas: Technology, startups, various sectors
  • Notable Investments: Not publicly disclosed
• Uncorrelated Ventures
  • Details: Uncorrelated Ventures is a venture capital firm based in California, focusing on early-stage technology companies. They participated in Decentro's Series A funding round.
  • Investment Focus Areas: Technology, early-stage companies, startups
  • Notable Investments: Not publicly disclosed

What's Next for Decentro?

Decentro stands at the cusp of significant growth opportunities, driven by the burgeoning fintech sector. With partnerships with major banks and financial institutions, the company is well-positioned to expand its range of APIs, covering various aspects of fintech such as banking, payment cards, and Neobanking. The fintech opportunity in India alone is valued at $200 billion, providing a vast market for Decentro to capture.

Future fundraising appears promising, given the successful Series A round and the participation of high-profile investors. As Decentro scales its operations and expands its product offerings, it is likely to attract further investment. However, the company may face challenges such as competition from other fintech firms, regulatory hurdles, and the need to maintain the security and reliability of its API services.

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