Decentro is a fintech company has received $4.7M in the Series A round of capital

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Funded by Y Combinator, a banking and payments API infrastructure company named Decentro has been able to raise $4.7 million through a series A funding round, which was organized with Rapyd Ventures in Singapore and the US, Leonis VC in Europe as well as Uncorrelated Ventures in California.

Kunal Shah, who is the founder CRED, Kunal Shah’s creator CRED, Lalit Keshre, co-founder and CEO of Groww, Beerud Sheth, co-founder and CEO of Gupshup and Pratekk Agarwaal, who was the CBO at BharatPe are in the group of Indian angel investors that were part of the round. 

Read more Indian Startup Ecosystem Valued At INR 3 Lakh Cr: Piyush Goyal

The financial company with its headquarters in Bengaluru intends to use the money to expand the amount of people employed across its product, business technology, operations, and tech teams.

To provide solutions for payment instruments that are prepaid such as no-code workflows, messaging banking through WhatsApp as well as document verification as well as KYC procedure, Decentro has partnered with important players on the market, including Axis Bank, ICICI Bank, Kotak Mahindra Bank, Yes Bank, Visa, RuPay, Quickwork, Equifax, Aadhaar, and National Securities Depository Limited (NSDL).

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