Decentro, a leading financial infrastructure company, has launched Flow and Fabric, two complete end-to-end payments and embedded banking stacks, to help businesses with a smooth onboarding experience and management of financial products. The new modules have been introduced to offer a full-stack experience to Decentro’s growing customer base, which now has 400+ companies.

The Flow module eases the money movement journey for platforms.  The full-stack payment suite enables platforms to automate payment collections and money transfers via any bank-to-bank protocol (e.g., UPI, IMPS, NEFT, RTGS), enable reconciliation via virtual accounts, and help set up recurring payment methods such as NACH & UPI Autopay. With existing partnerships with three leading banks in India - Yes Bank, Axis, and ICICI, Decentro is now looking to ramp up its market share in the payments infrastructure space. 

The Fabric module, on the other hand, is a first-of-its-kind module offering a comprehensive Banking as a Service (BaaS) stack. The module embeds a fully orchestrated KYC, onboarding, and credit into a platform or company's workflow. Tailor-made for evolving needs of newer products entering the market, Fabric enables a seamless user journey in onboarding for any financial product, card issuance, and lending. 

The company introduced SDKs to its product catalog, making it 2X simpler for companies to integrate and go live. Effectively, the integration time now gets reduced to a few hours instead of a few days with the help of SDKs versus APIs. 

Regarding this new branding and launch, Rohit Taneja, Co-Founder and CEO of Decentro, said, “Until now, we at Decentro have been solving for dedicated use cases. The need to solve for a complete user journey was the obvious next step that paved the way for the bifurcation and launch of Fabric and Flow. With every new customer, the need to present a comprehensive Banking as a Service solution became more prominent, and we are happy to be moving forward in the same direction.”

The launch aligns with the new age use cases and companies needing a relatively well-evolved, stitched stack suited to enable white label and embedded workflows for financial products rather than standard payment gateways in the market. The new age use case could be about enabling financing or putting an end-to-end lending workflow in line with the RBI guidelines.

“Flow and Fabric - our full stack solutions for payment and embedded finance align with the Government's push to further penetrate the adoption of digital infrastructure, such as Digilocker, India stack, a new global economic model for UPI, and more. The need of the hour is a fully compliant and scalable tech bridge that can thrive in this sandbox while leaving immense room for innovation for startups and incumbents. We are excited to see how Flow & Fabric shape up as our two product suites and business lines across the BFSI sector,” Pratik Daudkhane, Co-founder, added.

Decentro is currently processing monthly about 15 Mn API transactions per month, registering close to 50% Quarter-on-quarter growth in its business across various domains such as consumer Platforms, Non-Banking Financial Firms (NBFCs), Loan Service Providers (LSPs), Prepaid Issuers (PPIs), Neobanks, Wealth Managers and more. 

The firm closed its Series A funding round of $4.7 million late last year from marquee investors such as Rapyd Ventures, Leonis VC from Europe, and Uncorrelated Ventures based out of California, US. It has also expanded its footprint in the APAC region via Singapore.