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Neowise Technologies, a Mumbai-based SaaS platform, has been acquired by Decentro, a startup providing financial API facilities.
The acquisition would enable Decentro to expand the Banking-as-a-Service (BaaS) stack it provides banks, NBFCs, and fintechs to connect transactions and credit operations, as reported by Yourstory.com
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“We observed a crucial aspect of streamlining loan repayments when we introduced our digital lending API stack. Moreover, the collections process for numerous NBFCs and lenders relied heavily on manual operations,” said Rohit Taneja, Founder and CEO of Decentro.
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“While developing solutions internally have been our forte since our inception, we recognised the need to establish a deeper partnership that enhances our suite and empowers existing industry players. Neowise, with its comprehensive loan collections suite, seamlessly aligns with our vision of empowering the lending sector,” he added.
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“This acquisition combines Neowise’s expertise in debt recovery technology with Decentro’s comprehensive full-stack payments and banking APIs, which enable banks, fintechs, and NBFCs to digitise their workflows across the entire value chain," said Rohit Ramachandran, CEO and Co-founder of Neowise Technologies. "This partnership allows us to tap into Decentro’s extensive expertise and reach. We look forward to scaling along with the Decentro team.”
About Decentro
In the year 2020, Rohit Taneja and Pratik Daudkhan founded Decentro. In order to modify and make the needed module provided in an incredibly simple style with the highest level of automation, they are putting in the initially effort of each of those legacy integrations.
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