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Fintech infrastructure company Decentro acquires SaaS platform Neowise

Decentro, a fintech infrastructure company, has acquired Neowise, a start-up which provides a SaaS (software as a service) platform to lenders for digitising debt recovery and collections.

The acquisition, executed in a combination of cash and stock, includes acquiring all assets, mainly its advanced collection suite, and integrating the acquired company as a wholly owned subsidiary of Decentro's India arm. The companies have not disclosed the deal amount.

Decentro helps level the playing field for traditional lenders allowing them to integrate with technology platforms to provide new-age services.

"We observed a crucial aspect of streamlining loan repayments when we introduced our Digital Lending API stack. Moreover, the collections process for numerous NBFCs and lenders relied heavily on manual operations," stated Rohit Taneja, Founder and CEO of Decentro.

"While developing solutions internally have been our forte since our inception, we recognised the need to establish a deeper partnership that enhances our suite and empowers existing industry players. Neowise, with its comprehensive loan collections suite, seamlessly aligns with our vision of empowering the lending sector."

According to the company, the acquisition allows it to offer an end-to-end embedded banking & finance stack. "With this acquisition, Decentro demonstrates its commitment to innovative solutions for stakeholders in the BFSI sector. As its first-ever acquisition since inception, this milestone reinforces Decentro's reputation as a forward-thinking and comprehensive financial infrastructure provider," the statement said.

Neowise has integrated its CaaS (Collections as a Service) product with multiple licensed NBFCs and large Fintechs, solving the last-mile challenge in the lending lifecycle. With automation and customisation catering to different customer buckets, Neowise handles the end-to-end collections processes on behalf of the lender.

In considering the broader perspective, . Taneja added, "We firmly believe that the future of India's Fintech industry lies in integrating financial and banking capabilities into various enterprises, and this acquisition perfectly reflects that vision. With a highly skilled and proficient team specialising in loan collections, we are enthusiastic about addressing this critical aspect and augmenting our infrastructure alongside the two talented founders of Neowise - Rohit and Siddarth."

Reflecting on this strategic acquisition, Rohit Ramachandran, CEO and Co-Founder of Neowise Technologies, added, "This acquisition by Decentro marks an exciting milestone for both companies. It combines Neowise's expertise in debt recovery technology with Decentro's comprehensive full-stack payments and banking APIs, which enable Banks, Fintechs, and NBFCs to digitise their workflows across the entire value chain. This partnership allows us to tap into Decentro's extensive expertise and reach. We look forward to scaling along with the Decentro team".



Decentro is one of our portfolio startups in Plug and Play APAC. As an in-house venture capital, our goal is to fund the teams that are building the defensible businesses of the future. By leveraging our capital, our network of VCs, and our corporate partners, we give our portfolio companies an added advantage.

As a leading global innovation platform, we are committed to empowering startups with the resources, mentorship, and networking opportunities they need to scale and thrive in today's dynamic business landscape. We extend our heartiest congratulations to Decentro on this remarkable milestone, and we eagerly anticipate witnessing their continued growth and success.

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Written by: Mayur Shetty

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