Electrum is not even a company it's just a piece of software. Software does not have the ability to KYC people. Only companies do.
There are still teams behind decentralized wallets such as electrum. It’s not that they don’t have the ability but rather they just choose not to. They choose to build a wallet that is open to the community and to the general public to be accessed and used by everyone.
Even developers can earn from decentralized wallets just like with centralized wallets. It’s really up to the group of people what kind of wallet they want to create.