Decentro Acquires SaaS Fintech Neowise to bolster its position in the lending infrastructure
Decentro, a fintech infrastructure company has announced its expansion in the lending infrastructure space through its first-ever acquisition of Neowise. The acquisition, executed in a combination of cash and stock, includes the acquisition of all assets, mainly its advanced collection suite, and the integration of the acquired company as a wholly owned subsidiary of Decentro’s India arm.
This strategic move strengthens Decentro’s position in India’s digital lending ecosystem, allowing them to offer an end-to-end embedded banking & finance stack. With this acquisition, Decentro demonstrates its commitment to innovative solutions for stakeholders in the BFSI sector.
Decentro strategically integrates its banking and payments network through the acquisition, capitalising on the unique solution offered by Neowise while keeping its team independent, with full access to its resources. By seamlessly bridging the gap between lenders and borrowers, this acquisition seeks to elevate the lending experience for businesses and their clientele, addressing intricate challenges within the financial industry.
“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,” stated Rohit Taneja, Founder and CEO of Decentro.
