Decentro Raises $3.5M Series B for API Banking Infrastructure

Decentro, an API banking infrastructure platform based in India, closed a $3.5M Series B round led by InfoEdge Ventures, with participation from Stargazer Growth and Uncorrelated Ventures. The company offers full-stack API-based banking modules enabling businesses to integrate financial services such as payments, KYC, and account management. Decentro currently serves over 1,200 enterprise customers in India, including major names like BharatPe and MakeMyTrip.

The proceeds will be directed toward accelerating enterprise adoption, enhancing product capabilities, expanding marketing efforts, and executing a planned relocation of its parent entity to India. The funding underscores continued investor appetite for BaaS infrastructure providers in the APAC region. Decentro's platform positions it as a key enabler of embedded finance for Indian enterprises looking to embed banking services without building from scratch.