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Decimal: Provides financial operations, bookkeeping, and tax planning services for small and medium-sized businesses (SMBs), streamlining accounting tasks.
Decimal provides outsourced financial operations, comprehensive bookkeeping, and strategic tax planning services for small and medium-sized businesses operating across various commercial and industrial sectors. The company utilizes an operations-first service model designed to manage routine accounting tasks, streamline complex financial administration, and effectively replace traditional in-house finance departments for its corporate clients. To deliver these managed financial services efficiently, the organization integrates its core systems with several established enterprise software tools, specifically leveraging third-party platforms such as Front, Lattice, Synder, Settle, and Routable. By consolidating these disparate financial workflows into a single centralized service offering, the firm enables business owners to fully outsource their back-office requirements and redirect their internal resources toward core commercial growth and market expansion. Decimal was officially established as a corporate entity in 2020 by co-founders Matt Tait and Jacob Cloran.
Decimal has raised $9.0M across 1 funding round.
Decimal has raised $9.0M in total across 1 funding round.
Decimal has raised $9.0M in total across 1 funding round.
Decimal's investors include Arthur Ventures, First Round Capital, Javelin Venture Partners, Uncork Capital, Western Technology Investment, Yan-David Erlich, Service Provider Capital.
Decimal Technologies is a technology company providing a NoCode platform called Vahana Cloud for enterprise application development, primarily serving the banking, finance, and insurance sectors.[1][2][4] It enables users with limited coding skills to build core business systems, customer applications, and workflow automation tools, accelerating digital transformation with AI-powered, mobile-first solutions that reduce development time by 70%, lower total cost of ownership by 60%, and cut skilled workforce needs by 50%.[1][4] The company, founded in 2009 and based in Gurgaon, India (with some listings in New York), has raised under $5 million in seed funding, employs around 470 people, and generates approximately $98.7 million in revenue, focusing on operational efficiency for financial services like digital KYC, onboarding, claims management, and channel management.[1][2][4]
(Note: Search results distinguish this from Decimal.com, a separate U.S.-based fintech for SMB accounting operations, which has raised $9.22M and made acquisitions; this profile centers on Decimal Technologies as the specified NoCode firm.[3])
Decimal Technologies was founded in 2009 in Gurgaon, India, establishing itself as a pioneer in NoCode solutions for enterprises.[1][2] Key details on founders are not specified in available sources, but the company emerged amid growing demand for rapid digital transformation in regulated industries like banking and insurance, where traditional coding slowed go-to-market (GTM) timelines.[4] Early traction built on its proprietary Vahana Cloud platform, which addressed pain points in building scalable, secure apps without deep technical expertise; by training internal teams, partners (500+ developers from 20+ partners), and its own experts (1,000+ person-years of experience), it gained momentum in financial services.[2][4] The platform's evolution incorporated AI acceleration and mobile-first design, positioning it for hyper-connected economies with razor-thin customer patience.[4]
Decimal Technologies stands out in the NoCode space through these key strengths:
Decimal Technologies rides the NoCode/low-code wave, projected to transform enterprise software by empowering non-technical users amid talent shortages and accelerating digital needs in finance.[1][2] Timing aligns with post-2020 regulatory pushes for faster onboarding (e.g., KYC) and AI-driven personalization in a "hyper-connected economy," where traditional dev cycles hinder competitiveness.[4] Market forces like rising fintech demands, cost pressures on banks/insurers, and India's tech outsourcing hub status favor its growth, influencing the ecosystem by training 500+ partner developers and enabling 3x GTM speed for business-critical systems.[2][4] It amplifies NoCode adoption in high-stakes sectors, competing with CoverGo (insurance) and Betty Blocks while carving a niche in AI-accelerated financial apps.[1]
Decimal Technologies is poised to expand Vahana Cloud's footprint in global financial services, leveraging AI enhancements and partner networks to capture more market share in digital transformation.[2][4] Trends like AI automation, regulatory digitization, and NoCode democratization will propel it, potentially boosting revenue beyond $98.7M through enterprise wins and international scaling from its India base.[2] Its influence may evolve by setting standards for secure, mobile-first NoCode in finance, training more ecosystems, and integrating deeper with emerging tech like advanced analytics—solidifying its role as a GTM accelerator for banks and insurers facing impatient customers.[1][4]
Decimal has raised $9.0M across 1 funding round. Most recently, it raised $9.0M Seed in April 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Apr 1, 2022 | $9.0M Seed | Arthur Ventures | First Round Capital, Javelin Venture Partners, Uncork Capital, Western Technology Investment, Yan-David Erlich, Service Provider Capital |