Pratik Daudkhane (Decentro): 10 Key Things You Must Know
Overview
Pratik Daudkhane is a prominent figure in the fintech sector, notably recognized as the co-founder of Decentro, an innovative API banking platform aimed at simplifying financial operations. Decentro, established in 2020, offers a suite of APIs designed to streamline processes such as payments, KYC, and banking services, making financial operations faster and more efficient. With its rapid growth and innovation, Decentro has become a crucial player in the fintech landscape, especially in India. Below, we explore ten key facets that highlight Pratik Daudkhane's journey and the impact of Decentro in the fintech industry.
1. Background and Education
Pratik Daudkhane boasts a strong educational background with a degree from the Sardar Patel College of Engineering in Mumbai. Early in his career, Daudkhane gathered valuable experience in the fields of venture capital and investment banking, working with firms like Guild Capital, Hannam & Partners, and Tresvista. This foundation laid the groundwork for his future entrepreneurial ventures.
2. The Birth of Decentro
Founded in collaboration with Rohit Taneja, Decentro was launched in 2020 with the vision to overhaul delayed financial processes and improve integration within the fintech ecosystem. The startup quickly gained traction through its robust API solutions, enabling businesses to integrate financial services rapidly and efficiently.
3. Securing a Payment Aggregator License
One of Decentro's significant achievements under Daudkhane's leadership was securing a Payment Aggregator license from the Reserve Bank of India. This milestone allowed Decentro to offer enhanced payment solutions and strengthened its foothold in the financial sector by adhering to strict compliance and security standards.
4. Integration with a Multitude of Banks
Decentro's success can be attributed to its integration with multiple leading banks including ICICI, Axis, and Kotak Mahindra. This network allows the platform to provide seamless API solutions for a wide range of banking services, significantly reducing the go-to-market time for new financial products.
5. Series B Funding Round
In June 2025, Decentro successfully raised INR 30 crore in a Series B funding round led by InfoEdge Ventures. This funding was earmarked to expand product capabilities, deepen enterprise adoption, and anchor the company's shift from Singapore to India, aligning with other startups returning to Indian soil.
6. Specialization in API Banking
Decentro's core competency lies in API banking, where it offers solutions like customer onboarding, payment collections, and AI-powered debt recovery. The company is pivotal in streamlining financial operations for over 1,300 enterprises, with annual payment processing volumes surpassing INR 50,000 crore.
7. Introduction of Innovative Products
Under Daudkhane's co-leadership, Decentro introduced innovative products like Scanner and Neobot. Scanner is a real-time profiling engine used for risk assessment, while Neobot is a multilingual AI voice agent for automated debt collections, aiming to address the INR 10+ lakh crore NPA problem in India.
8. Impact of Y Combinator
Decentro's growth has been significantly boosted by its backing from Y Combinator, a renowned startup accelerator. This support facilitated early-stage funding and provided a global platform for scaling Decentro’s innovative solutions beyond India.
9. Emphasis on Operational Efficiency
A primary goal for Daudkhane and Decentro has been enhancing operational efficiency for businesses using their platform. The introduction of their Next-Gen Payment Stack (Flow 2.0) reflected this commitment by delivering high-performing and compliant payment solutions that reduce operational costs by approximately 30%.
10. Vision for the Future
Looking ahead, Pratik Daudkhane envisions Decentro becoming an essential part of the global fintech infrastructure. Plans for relocating the parent entity to India signify a strategic shift to leverage local opportunities while adhering to international expansion ambitions, showcasing faith in India's fintech capacity.
Conclusion
From extensive banking integrations to innovative solutions for payments and compliance, Pratik Daudkhane has significantly impacted the fintech world with Decentro. The firm’s continuous growth illustrates its capability to redefine financial processes and improve operational efficiencies globally. With ambitious plans for future growth and an unwavering commitment to enhancing fintech solutions, Decentro under Daudkhane's co-leadership is poised to remain a cornerstone in the fintech sector.