Banking infrastructure platform Decentro has launched an automated lending stack for Non-Banking Financial Companies (NBFCs) and Fintechs.
The API suite for automated lending complies with the RBI’s recent digital lending guidelines. It 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.
The RBI has mandated that lenders must change their payment processes and find a mechanism to transmit funds directly to their borrowers without going via a Fintech company or a third-party account. In accordance with these regulations, Decentro’s digital lending solution assists in automating direct repayments and disbursals between the borrower and the regulated entity account. It makes it simpler for lenders and Fintechs to collaborate in strict compliance.
For accounting and compliance, the whole lending stack is accessible as plug-play APIs and a dashboard that makes it easy to access thorough and personalized statements and payback data. This lending suite automates the division of repayment amounts and disbursals with seamless integration as the key. It also makes direct digital lending and co-lending models with various lenders possible. Additionally, it provides seamless loan disbursements directly to borrowers, verifies and validates clients’ identities before approving them for loans, and automatically reconciles millions of transactions with their transaction status.
With the help of renowned international investors including Rapyd Ventures, Leonis VC from Europe, and Uncorrelated Ventures based in California, US, Decentro just raised $4.7 million in its Series A fundraising round.
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