Tag: Pratekk Agarwaal

Pratekk_Decentro_Investor & Advisor
Business, News

BharatPe Ex Chief Business Officer Pratekk Agarwaal joins Decentro as an Investor & Advisor

Aug 12, 2021 by Rekha Nair 0 Comments #Decentro, #Founder & CEO, #Pratekk Agarwaal, #Rohit Taneja

India: Decentro, one of India’s leading API banking platforms, is pleased to announce that it has added Pratekk Agarwaal to its growing list of advisory council members. He will support Decentro with strategic advice on expanding alliances with fintechs, banks, NBFCs and insurtech companies that are looking to embed API Banking workflows. He is also an angel investor at Decentro and will help them with his deep network in multiple spaces – Financial Services , Payments , Insurance , Lending, FMCG , Marketplaces and more for faster penetration.

Pratekk brings 18 years of multi industry experience in building a successful business from scratch with a strong focus on financial services. He has previously worked with India’s leading fintech and NBFCs including BharatPe, Bajaj Finserve, Fullerton , IndoStar Capital , and ftcash. He has recently founded, Trutes Advisors, a boutique business advisory firm, that helps Startup Founders & NBFCs with a range of operations from sharpening business models to hiring the right talent.

Commenting on the latest workforce development, Rohit Taneja, Founder & CEO, Decentro, says, “Really happy to have Pratekk joining us on this mission to help both the new age companies as well as existing financial institutions get access to banking APIs in a fully democratic way at 1/10th the cost and time as compared to the alternative. At Decentro, we really value people with entrepreneurial experiences that bring along a holistic view of the landscape. We are expanding our modular product line to provide a seamless infrastructure for co-branded cards, and embedded finance to various companies across the country.”

“I have been closely monitoring Decentro and have been fascinated by its growth in a span of just 12 months as well as its potential to bring digital transformation for financial products with lower operational expenses and faster go to market timelines. The team has a great combination of high-paced execution abilities and the product is powerful and unique in terms of its plug and play approach that I have seen first hand on the customer front. I look forward to working with the Founder’s and unlocking the immense value potential with them for their journey over the many years and decades to come across India and beyond as well,” says Pratekk Agarwaal

Decentro has grown its customer base by 5X in the past 7 months since January and its transactional volume has grown exponentially by more than 100X over the last 12 months since its first product launch in July 2020. The company is processing more than 4.5 million API hits now per month and is looking to augment its current workforce of 22, for additional positions across engineering, compliance, and bank partnerships in the current financial year.

Decentro recently announced a strategic partnership with Quickwork, bringing together two new and exciting domains, BaaS and iPaaS for the first time in India. This integration reduces manual data entry, increases productivity, and provides access to banking flows for small and non-tech companies in various processes like KYC & Onboarding, Virtual Accounts for Money Collection, Automated Payouts, Credit Bureau checks and many more.

IIIT Naya Raipur
Education

IIIT- Naya Raipur organises Campus Round of International Competition Hult Prize 2021

Nov 11, 2020 by Gouri Achary 0 Comments #Abhay Bagh, #Anmol Sharma, #Dr Pradeep Kumar Sinha, #Gaurav Gandhi, #Gourav Chowdhary, #IIIT Naya Raipur, #Mohit Kapoor, #Navya Agrawa, #Pratekk Agarwaal, #Vidhi Sharma

On-Campus round of the international competition “Hult Prize 2021”, was organised at International Institute of Information Technology (IIIT) Naya Raipur, on November 7.

The prize is participation between Hult International Business School and the United Nations Foundation, in which former US President, Bill Clinton selects the challenge topic and announces the winner each September. HULT PRIZE is an international competition which encourages young generations to step up and take responsibility and generate new ideas and win prize money of US$ 1,000,000 for a global start-up.

Teams from all around the world, compete with their innovative ideas and start-ups against each other in various rounds, to win the prize money. The Hult Prize is referred to as the “ Nobel Prize for Students” by Nobel-laureate Muhammad Yunus. This edition’s challenge is “Food for Good: Transforming Food into a Vehicle of Change”.

In this Inaugural address, Dr Pradeep Kumar Sinha, Vice-Chancellor & Director, IIIT-NR said that IIIT-NR in these evolving times is motivating its students to solve today’s social problems with innovative solutions for which IIIT-NR is committed.

Team Alpha emerged as the winners of the competition, followed by Team Innovation Geeks which grabbed the runner-up position. Team Alpha addressed the problem of food that is wasted because of irregular shapes and sizes and proposed a feasible solution to tackle the issues in a systematic manner. The members of Team Alpha are Anmol Sharma, Gourav Chowdhary, Vidhi Sharma and Navya Agrawal.

Team Innovation Geeks addressed the problem of small scale food producers and proposed a ground-breaking system that incorporates beautifully crafted software solutions. The Members of the team are Chirag Samal, Prince Yadav and Kunal Mishra.

The Competition was judged by Pratekk Agarwaal, Angel Investor & Start-up Advisor and Ex-Chief Business Officer- BharatPe, Mohit Kapoor, Vice President, Marketing, at Jio and Mentor at JioGenNext and Gaurav Gandhi Member of Corporate Co-Innovation team TCS. The winning team will now go into regional rounds, where they compete against teams all around the globe. The competition was organised by Abhay Bagh, Campus Director of Hult Prize at IIIT -NR.