Photo by Erick Butler on Unsplash
Hey Hackers! I’m Rohit Taneja, and I’m the CEO & Founder of Decentro.
First of all, a huge thank you to the HackerNoon community and staff for nominating [me/us] for a 2021 Noonies award! Decentro has been nominated in the below category. Please do check out these award pages and vote, we’d be super thrilled!
HackerNoon Contributor of the Year - Banking: https://noonies.tech/award/2021-hackernoon-contributor-of-the-year-banking
What do you do and why do you do it? (tell us your story)
My first venture, Mypoolin, was co-founded in 2015, and it was my country’s first social payments platform -- similar to Venmo from the US.
After raising two rounds of funding, Mypoolin was acquired by a California-based global payments player Wibmo in 2017, which in turn was acquired by Naspers-backed PayU in 2019.
I experienced firsthand how painfully long and intricate working with a bank can be.
I later encountered the exact same hurdles while leading the India and SEA markets in terms of their financial and banking integrations.
There was a problem- a serious one at that. The market had immense potential, and the solution seemed intuitive. That’s how Decentro came to life.
At Decentro, we’re building a full-stack API banking platform for financial integrations.
It’s our mission and vision to empower businesses-- be it a budding startup or a fully-fledged Corporate -- to breathe a sigh of relief when they encounter a financial or banking integration.
In this manner, any company can come, select any desired module from our API suite, integrate, test in the sandbox, prune, and go live within weeks.
Tell us more about the things you create/write/manage/build!
Decentro builds on top of a bank’s API layer and has API modular suite for a host of products such as:
- Bank Accounts: Business, Savings, Virtual
- Payments: Bank Transfers, UPI, QR codes, E-NACH
- Lending: BNPL, Credit Options, Credit Score Checks
- KYC: CKYC, KYB
- Cards: Prepaid & Credit Payment Instruments. Virtual & Physical.
- AML & Compliance
Essentially, there are two innovative ways to use API integration techniques.
- The virtual banking infrastructure helps companies streamline their collection processes and payouts and verify the identities of registered businesses.
- On the other hand, Decentro’s KYC suite enables companies to run comprehensive identification checks on sellers using multiple government-issued IDs such as PAN, GSTIN, Voter ID, Driver’s License, etc.
What tech are you most excited or passionate about right now and why?
Amazon Web Services. The more I see of it, the more I admire it. It provides so many cloud services under one umbrella and all available at the click of a button (or several buttons) to configure the service.
The beauty lies in the way all the services can be used independently as well as with each other. We got inspired by it and are trying to build a similar set of services in the financial domain for our clients.
If we gave you 10 million dollars to invest in something today, what would you invest in and why?
That would be pretty great, thank you HackerNoon! :)
On a serious note, well, that’s a no-brainer, isn’t it?
We’d utilize the millions to build a driven, smart team that can create magic with anything they take up.
Our pursuit to solve one of the most severe and long-prevailing problems in the fintech & banking space is steadfast! We’re grateful to all our investors for believing in the mission & vision.
In case you are curious, here’s the team taking a well-deserved break & relaxing in the backdrop of an otherwise dense forest!
Once again, many thanks from all of us at Decentro for having us as a finalist for the Noonies Awards to Team Hackernoon. Our best wishes to fellow nominees.
Cheers!
About HackerNoon’s 2021 Noonie Awards
The annual Noonie Awards celebrate the best and brightest of the tech industry, bringing together all who are making the Internet and the world of tech what it is today. Please be sure to check out our award categories, nominate, and vote for the people and companies who you think are making the biggest impact on the tech industry today.
The 2021 Noonies are sponsored by: bybit, Dottech Domains, and Avast. Thank you so much to these sponsors who are helping us celebrate the accomplishments of all our nominees.