Decentro founder and CEO Rohit Taneja
Decentro, an Indian fintech infrastructure platform, has expanded into Southeast Asia by launching its Ledgers module in Singapore in March 2023. With the Asia-Pacific region being a hub for digital banking solutions, Decentro aims to double its regional business growth by the end of 2024 to meet the growing demand for modern financial solutions.
In a recent interview with e27, Decentro’s founder discusses the company’s products, plans in Southeast Asia, and upcoming funding round.
Excerpts:
What are the key features and functionalities of Decentro’s products, Flow and Fabric, and how do they help businesses streamline their financial operations?
Decentro’s Flow product offers various modules such as UPI, bank-to-bank collections, recurring payments, instant and global payouts, and multi-currency escrow accounts. On the other hand, Fabric is a plug-and-play onboarding and validation module that helps verify individuals and businesses by fetching data from government sources.
Could you provide more insight into Decentro’s journey since its founding in 2020?
Since its founding, Decentro has empowered fintech players across sectors like banks, consumer platforms, NBFCs, LSPs, B2C & B2B commerce, and neobanks. The company has seen significant growth with over six live bank partners, five NBFC partners, and 800+ signed-up companies.
Can you discuss the significance of Decentro’s recent launch of the ledgers module and its strategic expansion into Singapore?
The Ledgers module is designed to streamline financial operations for brands focusing on customer loyalty programs like OwnDays. It offers features such as real-time reconciliation, data tallying, and customisable records system.
What opportunities and challenges do you foresee in enhancing customer engagement strategies through fintech solutions in the retail sector across Asia Pacific?
Decentro aims to provide cloud-first and scalable tech solutions to meet the evolving needs of new-age companies. The company focuses on offering full-stack experiences and developer-friendly solutions to simplify integration and deployment.
How does Decentro leverage its strategic partnerships and technological expertise to bolster its presence in key regions?
Decentro collaborates with local and international financial institutions to enhance its platform’s capabilities. The company also focuses on increasing scalability, supporting new payment protocols, and ensuring regulatory compliance to expand its presence in India, Singapore, and other regions.
How much capital has the company raised so far? Do you plan to raise additional capital soon?
Decentro has raised US$6.3 million from investors and plans to raise additional capital to accelerate growth across business, marketing, and engineering.
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The post How fintech infra firm Decentro leverages collaborations to capture SEA market appeared first on e27.
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