Decentro Raised Seed Funding and Plans to Double its Customer base and Workforce by 5X in 2021.
Decentro, an banking API Integration platform for businesses, announced the raise of their follow-on capital that added to their seed round of funding.
This capital was led by FundersClub (the world's first online venture capital platform), along with VentureSouq, Locus Ventures, Constellation Capital, and a popular Angelist syndicate Unpopular Ventures.
Decentro raised its first round of funding in May 2020, followed by this larger one in October 2020, just a few weeks out of the latest fully digital batch of Y Combinator S20.
This round also saw the addition of a few more angel investors from the US, India, and Southeast Asia. Along with partnering with banks to build Banking-As-A-Service (BaaS) products, the company has plans to double the team strength and customer base by 5X in 2021.
Decentro has also onboarded Siddharth Dhamija and Shirish Chandrakar to its team of Banking and FinTech experts as advisors and will provide their expertise in payments and Digital Transformation respectively.
Rohit Taneja, Founder, Decentro, said, “We are at the epicentre of the fintech revolution and are creating the much-needed infrastructure to open access to money flow, data, hassle free banking and financial services for all companies. Our focus is to remove existing technological barriers and enable companies to launch their products in weeks rather than months.”
Siddharth Dhamija has more than two decades of experience, working with global leaders in Payments, Ecommerce, Telecom, financial services and more. He is currently the CEO of ZaakPay at Mobikwik, and was earlier working with Paypal and Razorpay in growth capacities based out of India.
On the other hand, Shirish Chandrakar has two decades of experience of helping business digitally transform by leveraging technology in the APAC region, and is currently based out of Singapore.
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