Decentro, an API banking platform based in India, has raised 30 crore rupee (US$3.5 million) in a series B round led by InfoEdge Ventures.

Stargazer Growth and existing investors like Uncorrelated Ventures also participated.

The company plans to relocate its parent entity from Singapore to India in the next 12 to 18 months.

This move follows Decentro’s profitability and aligns with a trend of Indian fintech firms returning amid a stronger regulatory environment.

Decentro handles over 50,000 crore rupee (US$5.8 billion) in annual payment volumes across 1,300+ clients, including NBFCs, digital lenders, and banks.

It focuses on KYC and data intelligence, payment flow management, and AI-powered debt collection.

🔗 Source: Decentro

🧠 Food for thought

1️⃣ India’s fintech infrastructure boom signals ecosystem maturity

Decentro’s funding and profitability highlight a significant shift in India’s fintech landscape toward infrastructure providers who power the ecosystem rather than consumer-facing apps.

The Indian fintech industry was valued at ₹584 billion in 2022 and is projected to reach ₹1.5 trillion by 2025, creating massive demand for underlying infrastructure services 1.

This infrastructure focus is paying off across the sector, with fintech deal activity jumping 64% quarter-on-quarter in Q1 2025 and funding rising to $531 million, a 59% increase from Q4 2024 2.

Decentro’s emphasis on KYC, payments, and collections infrastructure parallels successful models from the most-funded Indian fintechs like Paytm ($3.48B in funding) and PhonePe ($2.29B), which have evolved from single-service providers to comprehensive financial platforms 3.

The company’s profitability while scaling highlights a maturing fintech ecosystem where investors increasingly value sustainable unit economics over rapid growth at all costs.

2️⃣ The strategic “flip back” reflects India’s evolving regulatory landscape

Decentro’s decision to return its parent entity from Singapore to India represents a broader trend as India’s financial regulatory framework matures and stabilizes.