Decentro Analysis: $2M Raised
What is Decentro?
Decentro provides APIs and SDKs for fintech infrastructure across payment collection, payouts, ledgers, and multi-currency accounts. The site says it processes $5 billion annually, supports 190 plus countries for payouts, and serves 1,600 plus businesses globally. Decfin Tech Private Limited provides its payment aggregation services and is described on the site as an RBI authorised payment aggregator.
Location
77 HIGH STREET #09-11 HIGH STREET PLAZA SINGAPORE 179433
Employees
51-200
Founded
2020
Revenue
$12.3M-$12.5M
Investors
- Rapyd Ventures
- Y Combinator
Product Features & Capabilities
- Payment Collections & Settlements, Multi-Collect, UPI Payment Gateway, Recurring Payments, Instant Payouts, Escrow Accounts, Ledgers, KYC & Onboarding, Hyperstreams, Bytes, UIStreams, Vendor Onboarding, MSME Verification, BBPS APIs, Professional Verification, Penny Drop Verification, UPI APIs, UPI Autopay, Credit Bureau API, Bulk Payouts.
Pricing
- Pricing Type: Contact Vendor
- Preferred Currency: SGD ($)
- Free Trial: Not Available
- Free Version: Not Available
- Payment Frequency: Not Available
How much Decentro raised
1 - $1.6 million
October 2020Lead Investor: Y Combinator, others
Who are the founders of Decentro
RT
Rohit Taneja
Founder
Competitors Overview
Decentro operates in the banking-as-a-service sector and faces competition from several notable companies, including:
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Plaid: A well-established player in the banking API space, offering a wide range of financial services and integrations. Plaid's strong market presence poses a significant competitive threat to Decentro.
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Yodlee: Provides data aggregation and analytics solutions for financial institutions and businesses. Its comprehensive suite of services makes it a formidable competitor for Decentro.
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Tink: A European-based banking API platform that offers various services for businesses integrating financial data into their applications. Tink's growing presence in the market presents a competitive challenge for Decentro.
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TrueLayer: A UK-based banking API provider specializing in open banking solutions. TrueLayer's focus on open banking and data security makes it a key competitor for Decentro.
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M2P Fintech: Offers a range of financial services and API solutions similar to Decentro, focusing on enabling fintech innovations.
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Setu: Provides APIs for financial services, allowing businesses to integrate various financial products seamlessly.
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Signzy: Focuses on digital KYC and compliance solutions, which can be a significant advantage in regulatory-heavy markets.
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Zeta: Offers a full-stack banking platform that includes core banking services, which can be a direct alternative to Decentro's offerings.
Decentro differentiates itself through its robust technology, scalability, security features, customization options, and exceptional customer support, which are critical advantages in a competitive landscape.
Market Focus
Decentro primarily focuses on the fintech industry, specifically as a banking-as-a-service platform that provides APIs and SDKs for businesses to integrate financial services.
Business Model
B2B subscription model generating recurring revenue through API access and services.
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