OneStack Raises $2 mn from Pentathlon Ventures & Others
The fintech landscape is witnessing a surge in innovative solutions, and OneStack is one such startup that has caught the attention of investors. The company has secured a significant Series A funding round of $2 million, led by Pentathlon Ventures, with Yatra Angel Network, 100Unicorns, and Venture Catalysts participating. This funding is a testament to the potential of OneStack’s platform, which has already made significant inroads in the Indian fintech space.
According to reports, OneStack will receive an additional $1 million in funding soon, which will further fuel its growth and expansion plans. The startup has already achieved a significant milestone, with over 200 banks onboarded, and a remarkable 20% market share in North and West India.
OneStack’s vision is to democratize access to financial services for the underserved segments of the Indian population. The company’s platform offers a range of products and services, including digital lending, payment solutions, and financial inclusion initiatives. With this funding, OneStack plans to expand its operations to South and East India, onboarding an additional 200 banks in the process.
The fintech startup has been gaining traction in the Indian market, driven by its ability to provide seamless and user-friendly financial solutions. OneStack’s platform has been designed to cater to the evolving needs of consumers, offering a range of services that are accessible through a single window. This includes digital lending, payment solutions, and financial inclusion initiatives.
One of the key factors that has contributed to OneStack’s success is its focus on building strong relationships with banks and financial institutions. The company has developed a robust platform that enables seamless integration with existing banking systems, making it easier for customers to access a range of financial services.
The funding received by OneStack will be utilized to accelerate its growth plans, expand its team, and enhance its product offerings. The company plans to use the additional funding to further develop its technology and infrastructure, as well as explore new business opportunities.
OneStack’s Series A funding round is a significant milestone in the Indian fintech space, and it is expected to set the tone for further investment in the sector. The success of OneStack is a testament to the potential of fintech startups to disrupt traditional financial services and provide innovative solutions to consumers.
In conclusion, OneStack’s $2 million Series A funding round is a significant development in the Indian fintech space, and it is expected to have a profound impact on the startup’s growth and expansion plans. With over 200 banks onboarded and a 20% market share in North and West India, OneStack is well-positioned to become a major player in the Indian fintech landscape.
Source: https://startuptalky.com/news/onestack-raises-series-a-round/
