Digital Horizon has announced that it has invested in the $4,7 million Series A funding round for Decentro, an early-stage startup, which is building Marqeta for India.

The round was led by Rapyd Ventures, the venture arm of the U.K. fintech-as-a-service giant, along with participation from Leonis VC, Uncorrelated Ventures and angel investors.

Decentro is a plug-and-play API banking platform for India (and soon for other markets), providing fintech companies and other players with multiple modules from KYC to Banking to Payments to Cards to Lending and more – on top of a multi-bank infrastructure. As a result, fintechs can launch banking products much faster and cheaper.

The startup aims to utilise the fresh funding to go deeper into its partnership with banks and enter categories including large enterprises. It also plans to acquire licences and launch in Singapore to expand beyond India eventually.