Decentro integrates with SME platforms to help MSMEs with access to financial services

Decentro

Decentro, API platform for banking integration, has recently integrated with multiple new-age SME-facing platforms, including Pagarbook, Simpel, SuperZop & Minko.

This integration allows these new-age platforms to leverage Decentro’s business banking API to enable MSMEs to digitize their operations and adopt a tech-driven approach to scale further.

Decentro aims to empower India’s leading wholesale food, grocery, and retail category SME facing platforms, with its embedded API banking modules.

The company has achieved monthly break-even, witnessing close to 2M API-based transactions monthly with 20 – 30% month-on-month growth in the number of new platforms building on top of it.

Rohit Taneja, Founder & CEO, Decentro, said, “A digitally-empowered small business reports double the revenue projection than an offline small business. India’s $50 billion Fintech industry has the potential to disrupt the MSME by helping them embrace digital transformation. We’re thrilled to be taking a step ahead in building the next-gen fintech infrastructure with new-age SME-facing platforms, like Pagarbook, SuperZop & Minko. Connected Banking enables SMEs to utilize financial and banking solutions designed specially to suit their needs in a very native manner across these platforms. With this new partnership, we are looking forward to empowering SMEs with advanced solutions that simplify and automate their processes.”

Adarsh Kumar, Founder and CEO at PagarBook said, “Despite the fintech boom, Indian MSMEs continue to rely on archaic infrastructure to complete their financial transactions. We’re happy to partner with Decentro in simplifying digitalization for MSMEs. From instant payments, Reconciling Payments in Real-time, One-Click Account opening for Individuals and Consolidating Banking at One Place, Embedded Banking opens up a whole new opportunity for SMEs and Decentro acts as the one-stop provider for all BaaS integrations.”

The Banking & Finance Post is an initiative of Elets Technomedia Pvt Ltd, existing since 2003.
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