Decentro, a Bengaluru-based fintech infrastructure startup, has secured ₹30 crore in Series B funding from InfoEdge Ventures, Stargazer Growth, and Uncorrelated Ventures along with existing investors. What’s more, the startup plans to reverse flip its parent entity from Singapore to India within the next 12–18 months, strengthening its foothold in the Indian market.
What is the news?
- Decentro raised ₹30 crore in Series B funding to expand its fintech infrastructure offering.
- The company is planning to shift its parent entity’s domicile from Singapore to India to align more closely with the growing fintech market in India.
Why is it interesting?
- Decentro claims to have achieved profitability and built a client base of over 1,300 enterprises, including banks, non-banking finance companies (NBFCs), and fintechs.
- Decentro’s reverse flip highlights the increasing shift towards India as a hub for fintech innovation and regulation.
- The move to India represents not just financial growth but also a deepened commitment to the local market and the regulatory framework that supports fintech innovation.
Read more: Fintech startup Decentro raises Rs 30 crore, will shift domicile to India