- Lending stack available as plug-and-play APIs providing a seamless lifecycle for the loan
- Enables direct money transfers between the borrower’s account and regulated entity (NBFCs or banks) for loan disbursals and repayments
- Allows NBFCs to manage multiple Fintech partners using a single current account
- Solves for both direct lending models as well as co-lending models for lenders
Delhi : Decentro, India’s leading banking infrastructure platform, has announced an automated lending stack for Non-Banking Financial Companies (NBFCs) and Fintechs. Decentro’s API suite for automated lending offers a complete digital lending solution inclusive of re-payments, easy loan disbursement, and KYC verification for regulated lenders (banks or NBFCs), LMS providers, and FinTechs in compliance with the new digital lending guidelines issued by the Reserve Bank of India (RBI) recently.
The RBI has made it mandatory for lending merchants to modify their payment flows and find a way to transfer money to their borrowers without passing through a Fintech or third-party account/pool account. In light of these guidelines, Decentro’s digital lending solution helps automate direct repayments and disbursals between the regulated entity account and the borrower. It makes it easier for Fintechs and lenders to work together in full compliance.
Commenting on the launch, Pratik Daudkhane, Co-founder, Decentro, “RBI has created transparency and consumer protection regulations, thereby making space for the financial services sector to reimagine lending and borrowing options. With RBI’s regulations making it imperative for lenders to adhere to compliance processes, we have designed a solution for our customers that will help them transition to the future of digital lending with the utmost confidence and ease. We are confident Decentro’s digital lending stack will serve as a one-stop full-stack API platform that will address adhering to the laid changes in the short-term and makes it seamless to scale up.”
The entire lending stack is available as plug-play APIs and a dashboard that helps access detailed and customized statements and repayment reports for accounting & compliance. With seamless integration being the key, this lending suite automates the splitting processes of repayment amounts and disbursals, along with facilitating direct digital lending and co-lending models involving multiple lenders. Additionally, it also verifies and validates customers’ identities before approving them for loans, ensures seamless loan disbursements direct to borrowers, and auto-reconciles millions of transactions with their transaction status.
In its tryst to simplify the user journey, and being the first mover in the market, Decentro’s solution suite now also allows users to set up auto debit through UPI, for a seamless Intent Flow on UPI Autopay for subscriptions.
Decentro had recently raised $4.7 Million in its Series A funding round from marquee global investors such as Rapyd Ventures, Leonis VC from Europe, and Uncorrelated Ventures based out of California, US. The API platform has registered exponential growth clocking an average of 120 million annualized API transactions over the last 12 months. The overall customer base of the organization sits as 280+ companies, spread across various commerce and fintech domains such as Consumer Platforms, Non-Banking Financial Firms (NBFCs), Loan Service Providers (LSPs), Prepaid Issuers (PPIs), Neobanks, Wealth and Personal Finance firms, and more.
