* Our Parent Company Crypto Token is GOING LIVE!!! *Flag Token

Cred’s Kunal Shah, others back banking integration platform Decentro


Share post:

Credit: 123RF.com

Decentro, a startup for banking integration, on Tuesday said it has raised $4.7 million (around Rs 37.6 crore) as a part of its Series A funding from Rapyd Ventures, Leonis VC and Uncorrelated Ventures. 

The round also saw participation from a clutch of angel investors including Kunal Shah (Founder at Cred), Lalit Keshre (Groww), Beerud Sheth (Gupshup) and Pratekk Agarwaal (former BharatPe). 

The Bengaluru-based firm plans to use the fresh proceeds to rope in more talents across business, product, technology and operations verticals. 

Founded by Rohit Taneja and Pratik Daudkhane in 2020, Decentro enables neo banks, marketplaces and fintech companies to seamlessly integrate and offer banking solutions via its application programming interfaces (APIs). 

The startup claims that its volumes have been growing by 50-70% every quarter since early 2021 and has recently seen its monthly revenues exceeding the spends in the past few months. 

“This Series A round in the middle of the global funding winter is a vote of confidence for the company as we continue…

Read more…

Related articles

What is Klayton Blockchain & Why Toon Finance is Better Choice – CryptoMode

The Klaytn network has taken a big hit today, as the price of KLAY tokens has tumbled following...

Peter Schiff Says Bitcoin Still Has a Long Way to Fall — Values BTC at $10K – Markets and Prices Bitcoin News

Economist and gold bug Peter Schiff says bitcoin still has a long way to fall after the collapse...

ATP Finals 2022 full schedule, results, TV channel and live stream as Novak Djokovic reaches final, Rafael Nadal bows out in Turin

Novak Djokovic will meet Casper Ruud in the final of the 2022 ATP Finals after being taken to...

Top 3 Hottest NFT Mints for November 2022 Blackfriday Cryptocurrency

What are NFTs and How Do They Work? You may have heard about a new craze sweeping the internet...