OneStack Raises $2 mn from Pentathlon Ventures & Others
In a significant development in the fintech space, OneStack, a fintech startup, has secured $2 million in Series A funding, led by Pentathlon Ventures, with Yatra Angel Network, 100Unicorns, and Venture Catalysts participating. The funding round is a significant milestone for the company, which is poised to expand its footprint in the Indian fintech market.
The funding will be used to further accelerate OneStack’s growth plans, which include expanding its operations into new regions, onboarding more banks, and strengthening its technology infrastructure. The company has already achieved significant milestones, with over 200 banks onboarded and a 20% market share in North and West India. With the fresh funding, OneStack plans to expand into South and East India, onboarding an additional 200 banks.
OneStack’s fintech platform offers a range of solutions for banks, including digital onboarding, account opening, and customer engagement. The platform uses artificial intelligence and machine learning to provide personalized services to customers, improving the overall customer experience. With its focus on digital transformation, OneStack is well-positioned to capitalize on the growing demand for fintech solutions in India.
The funding round was led by Pentathlon Ventures, a venture capital firm that focuses on investing in fintech and financial services startups. Yatra Angel Network, a network of angel investors, also participated in the funding round. 100Unicorns, a startup accelerator, and Venture Catalysts, a startup accelerator and incubator, also joined the round.
“OneStack is a highly promising fintech startup with a strong track record of growth and innovation,” said Sanjay Gupta, Managing Partner at Pentathlon Ventures. “We believe that the company’s focus on digital transformation and customer experience will enable it to achieve significant success in the Indian fintech market.”
“We are thrilled to have received the support of such a strong group of investors,” said Rohan Bhende, Co-founder and CEO of OneStack. “This funding will enable us to accelerate our growth plans and expand our operations into new regions. We are committed to providing the best possible services to our customers and partners, and we believe that this funding will help us achieve our goals.”
OneStack’s Series A funding round is a testament to the growing interest in fintech startups in India. The company’s focus on digital transformation and customer experience has resonated with investors, who see significant potential for growth in the Indian fintech market.
In conclusion, OneStack’s $2 million Series A funding round is a significant milestone for the fintech startup. With its focus on digital transformation and customer experience, the company is well-positioned to capitalize on the growing demand for fintech solutions in India. The funding will enable OneStack to expand its operations into new regions, onboarding more banks and strengthening its technology infrastructure.
Source: https://startuptalky.com/news/onestack-raises-series-a-round/
