Decentro Raises $4.7M Series A for Banking API Platform

Decentro, a Y Combinator-backed banking and payments API infrastructure startup based in Bengaluru, raised $4.7 million in Series A funding. The round was led by Rapyd Ventures, Leonis VC, and Uncorrelated Ventures, with participation from prominent Indian angel investors including Kunal Shah and Beerud Sheth. Decentro's platform allows companies to integrate banking, payments, and fintech workflows within days, serving as embedded finance infrastructure for Indian financial institutions.

The company had achieved 70 million annualized API transactions over the prior 12 months, demonstrating strong traction. The funds will be deployed toward hiring and expanding the company's customer base. The investment by Rapyd Ventures, the venture arm of payments-as-a-service provider Rapyd, underscores continued strategic interest in BaaS infrastructure in the Indian market despite broader funding headwinds.