YC-Backed Decentro Bags Seed Funding For Fintech API Plug & Play
Summary
It is an automated application programming interface (API)-based platform that enables financial integrations with just a few lines of code and claims to simplify the product development cycle for its clients by 10x. The company highlights that most bank API’s and documentation are poorly structured and are ridden with bugs and loopholes, which in turns leads to delay in a product launch. “With Decentro, you can sign up as a company/developer on our platform, select your desired banking modules, play in the sandbox, and launch your product or service with those APIs and SDKs within a couple of weeks,” Taneja explained. One of the biggest hidden challenges in working with legacy institutions directly is the number of touchpoints that you need to coordinate with after completing your integrations, the founder added. Commenting on the fundraise, Taneja added that Decentro’s positioning in the specific fintech space that has a great demand, and market size potential has put it in the investor’s good books.
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