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Decentro enables NBFCs to digitise their lending cycles

By Leandra Monteiro

December 23, 2021

  • API Banking
  • BNPL
  • Credit Management
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Decentro, API BankingDecentro announced its integration with multiple NBFCs to help them digitise various components of their lending cycles. The key driver for these NBFCs is their need to streamline their money flow by 10X and automate operations to reduce expenses by more than 90%. With these integrations, Decentro provides them a compelling API experience that leverages digital banking and KYC to enable them to deliver a seamless customer experience and simplify the collection process to gain full visibility & control over their cash flow & credit cycles.

This API banking infrastructure enables Saraloan to create a more powerful impact on the MSMEs residing in the supply chain that have always been facing credit shortage and access to quick finance to fund their operations. Additionally, Saraloan can automatically track payments, reconcile transactions, and verify the creditworthiness of each user before extending credit. The FinTech player has processed transactions worth more than INR 130 million via Decentro’s APIs in just a couple of months, to facilitate Receivable Financing and Vendor Financing for their MSME customers.

Speaking about the integrations and growth, Rohit Taneja, Founder, Decentro said, “India’s lending landscape is evolving with technological innovations at its heart. APIs play a crucial role in facilitating digital transformation and we are about to cross 110 companies that have chosen to build and scale their product via our platform. Decentro wants to empower all the potential fintechs, NBFCs, insurtech companies and more with our modular API stack. We’re delighted to partner with a great NBFC like Saraloan who believes in a digital-first approach and is facilitating agile solutions.”

Daman Kohli, CTO, Saraloan said, “Payment tracking and reconciliation has a very crucial role in vendor financing, specially when you’re dealing with umpteen vendors, distributors, retailers, marketplace platforms, and more under a single ecosystem. Having Decentro on board has helped us streamline our lending cycle, optimize the cash flows, ensure methodical & automated collections, all without expanding our workforce.”

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