NeoKred

Cover Block

Name	NeoKred
Tagline	Digital infrastructure layer streamlining profiling, payments, and privacy for businesses. [Neokred.tech]
Headquarters	Bangalore, India
Founded	2019 [YourStory]
Stage	Seed
Business Model	API / Developer Platform
Industry	Fintech
Technology	Software (Non-AI)
Geography	South Asia
Growth Profile	Venture Scale
Founding Team	Co-Founders (2)
Funding Label	Seed (total disclosed ~$1,200,000) [Tracxn]

Links

• Website: https://www.neokred.tech/
• LinkedIn: https://in.linkedin.com/company/neokred

The Short Version

NeoKred is a Banking-as-a-Service (BaaS) platform that provides a digital infrastructure layer for payments, KYC, and embedded finance [Neokred.tech, YourStory]. Founded in 2019 by Tarun Nazare and Rohith Reji, the company positions itself as a bridge between traditional banking infrastructure and digital-first businesses [Neokred.tech]. Its core offering is a suite of APIs that enable partners to embed services like UPI payments, digital KYC verification, and credit facilities [Neokred.tech].

The company has raised a total of $1.2 million across two seed rounds and acquired Peseva Technologies, a BNPL provider, in late 2021 [Tracxn, Crunchbase, Nov 2021]. The business model is API-based, with revenue generated through transaction fees and platform usage.

Data Accuracy: YELLOW -- Core company description and founding team are confirmed by multiple sources; funding details and product claims rely on a single database (Tracxn) and company marketing materials.

Taxonomy Snapshot

Axis	Classification
Stage	Seed
Business Model	API / Developer Platform
Industry / Vertical	Fintech
Technology Type	Software (Non-AI)
Geography	South Asia
Growth Profile	Venture Scale
Founding Team	Co-Founders (2)
Funding	Seed (total disclosed ~$1,200,000)

The Company in Brief

NeoKred was founded in 2019 in Bangalore, India, by Tarun Nazare and Rohith Reji [YourStory, Crunchbase]. The company positions itself as a digital infrastructure layer designed to help businesses scale by integrating profiling, payments, and privacy solutions [Neokred.tech].

The company's most significant publicly documented milestone is the acquisition of Peseva Technologies, a buy-now-pay-later (BNPL) provider, in November 2021 [Crunchbase, YourStory]. Capitalization has been modest, with a total of $1.2 million raised across two seed rounds, the latest being a $585,000 round in May 2021 [Tracxn].

Data Accuracy: YELLOW -- Core founding and acquisition facts are corroborated, but funding details are sourced from a single database without named investors.

What They Have Built

NeoKred's product suite is a Banking-as-a-Service (BaaS) stack built around API-driven infrastructure for payments and compliance [Neokred.tech]. The primary wedge is speed to market, with the company claiming businesses can launch new financial solutions in weeks rather than months [YourStory].

The platform surfaces several distinct product surfaces. ProfileX is a digital KYC verification tool [Preqin]. The company also offers a UPI infrastructure stack designed for Banks, Third-Party Application Providers (TPAPs), and Prepaid Payment Instruments (PPIs) [Neokred.tech]. For payments, a Custom Checkout Screen SDK and APIs are available [Neokred.tech]. A separate fraud detection product analyzes transactional patterns [Neokred.tech]. The 2021 acquisition of BNPL provider Peseva Technologies [Crunchbase, Nov 2021] underpins the embedded lending and credit capabilities [One21].

A notable public deployment is the partnership with Yes Bank to offer a corporate prepaid card, branded as the 'YES BANK Neokred Card' [IBS Intelligence, Neokred.tech].

Data Accuracy: YELLOW -- Product claims are sourced from the company website and secondary directories; the partnership with Yes Bank is corroborated by a trade publication. Technical implementation details are not publicly available.

Market Research and Opportunity

The market for Banking-as-a-Service infrastructure in India is defined by a surge in digital financial services adoption and a regulatory push for interoperability.

A 2023 report by ResearchAndMarkets.com estimated the global Banking-as-a-Service platform market size at $4.9 billion in 2022, projected to reach $16.6 billion by 2030 [ResearchAndMarkets.com, 2023]. For India, a separate analysis by Ken Research projected the domestic digital lending market to grow from $270 billion in 2022 to $720 billion by 2030 [Ken Research, 2023].

Metric	Value
Global BaaS Platform Market 2022	4.9 $B
Global BaaS Platform Market 2030	16.6 $B (projected)
India Digital Lending Market 2022	270 $B
India Digital Lending Market 2030	720 $B (projected)

Data Accuracy: YELLOW -- Market sizing figures are from third-party analyst reports for analogous sectors, not specific to NeoKred's product category.

Who Else Is Fighting for This

NeoKred operates in a crowded segment of India's fintech infrastructure market.

Company	Positioning	Stage / Funding	Notable Differentiator	Source
NeoKred	Digital infrastructure layer for profiling, payments, and privacy via APIs.	Seed (~$1.2M).	Combines UPI infrastructure, KYC (ProfileX), and a corporate neobank partnership (Yes Bank) in one stack.	[Neokred.tech], [IBS Intelligence]
Decentro	API platform for banking, payments, and compliance in India.	Series A ($4.7M).	Focus on full-stack regulatory compliance and direct bank integrations.	[Tracxn]
M2P Fintech	Core API infrastructure for fintech and embedded finance.	Series C ($110M+).	Extensive product suite, large scale, and a vast partner network across Asia.	[Tracxn]
Setu	API infrastructure for financial services, acquired by Pine Labs.	Acquired (2022).	Strong developer-first design and a focus on open data via Account Aggregator framework.	[Tracxn]

Data Accuracy: YELLOW -- Competitor data sourced from Tracxn; NeoKred's positioning corroborated by its website and one press article.

Opportunity

NeoKred aims to become the dominant orchestration layer for India's embedded finance ecosystem. The company's early move to acquire Peseva Technologies in 2021 [Crunchbase, Nov 2021] indicates a strategic intent to own more of the value chain beyond pure payments.

Data Accuracy: YELLOW -- Opportunity analysis based on company-stated vision, one confirmed partnership, and one acquisition.

Sources

1. [Neokred.tech] Frictionless User Journey | https://www.neokred.tech/
2. [YourStory] Neokred Company Profile Funding & Investors | https://yourstory.com/companies/neokred
3. [Tracxn] Neokred - 2026 Company Profile, Team, Funding, Competitors & Financials | https://tracxn.com/d/companies/neokred/__kjGwYnsn6DPIHCJ_UYgxB0ZexwvlUrdZn9bg4WRpCec
4. [Crunchbase] NEOKRED - Crunchbase Company Profile & Funding | https://www.crunchbase.com/organization/bank-x
5. [Crunchbase, Nov 2021] NEOKRED acquires Peseva technologies | https://www.crunchbase.com/acquisition/bank-x-acquires-peseva-technologies--dea6adb0
6. [LinkedIn] Neokred | LinkedIn | https://in.linkedin.com/company/neokred
7. [Preqin] ProfileX: digital KYC verification tool | https://www.preQin.com
8. [One21] Embedded Finance & Credit: Enable embedded lending, BNPL and credit facilities | https://www.one21.io
9. [IBS Intelligence] India’s Corporate Neobank in partnership with Yes Bank | https://ibsintelligence.com
10. [CXOToday] Collectbot: transaction platform anticipating 5 Billion Transactions milestone by FY 2025 | https://cxotoday.com
11. [ResearchAndMarkets.com, 2023] Global Banking-as-a-Service Platform Market Report | https://www.researchandmarkets.com
12. [Ken Research, 2023] India Digital Lending Market Report | https://www.kenresearch.com
13. [National Payments Corporation of India, 2023] UPI Transaction Statistics | https://www.npci.org.in
14. [BCG, 2022] Report on Digital Adoption in India | https://www.bcg.com
15. [RBI, 2022] Digital Lending Guidelines | https://www.rbi.org.in
16. [NITI Aayog, 2022] Digital Public Infrastructure (DPI) Stack | https://www.niti.gov.in
17. [Economic Times, 2022] M2P Fintech Valuation Report | https://economictimes.indiatimes.com