OneStack raises $2 mn from Pentathlon Ventures & others
In a significant development in the Indian fintech landscape, OneStack, a fintech startup focused on digital payment solutions, has secured $2 million in Series A funding. The funding round was led by Pentathlon Ventures, with participation from Yatra Angel Network, 100Unicorns, and Venture Catalysts. The startup plans to utilize the funds to expand its operations, onboarding an additional 200 banks across South and East India, and further solidify its position in the market.
OneStack, which has already achieved significant traction with over 200 banks onboarded and a 20% market share in North and West India, aims to leverage the fresh capital to accelerate its growth plans. The startup’s innovative approach to digital payment solutions has resonated well with the Indian banking and fintech ecosystem, and the latest funding round is a testament to its potential for scalability.
The Series A funding round is a significant milestone for OneStack, which has been steadily building its presence in the Indian fintech landscape over the past few years. The startup’s digital payment solutions cater to the needs of banks, merchants, and consumers, providing a seamless and secure payment experience. With the fresh capital, OneStack plans to expand its team, enhance its product offerings, and strengthen its technology infrastructure to support its growing customer base.
Pentathlon Ventures, the lead investor in the Series A funding round, is a prominent venture capital firm that focuses on investing in early-stage fintech startups. The firm has a strong track record of identifying and nurturing promising fintech startups, and its investment in OneStack is a testament to its confidence in the startup’s potential for growth.
Yatra Angel Network, another participant in the funding round, is a prominent angel investor network that focuses on investing in early-stage startups. The network has a strong presence in the Indian startup ecosystem, and its investment in OneStack is a testament to its confidence in the startup’s potential for scalability.
100Unicorns and Venture Catalysts, the other participants in the funding round, are also prominent players in the Indian fintech ecosystem. 100Unicorns is a venture capital firm that focuses on investing in early-stage fintech startups, while Venture Catalysts is a prominent startup accelerator that focuses on nurturing early-stage startups.
OneStack’s journey so far has been marked by significant milestones, including the onboarding of over 200 banks and a 20% market share in North and West India. The startup’s innovative approach to digital payment solutions has resonated well with the Indian banking and fintech ecosystem, and its latest funding round is a testament to its potential for scalability.
In light of the fresh capital, OneStack plans to expand its operations, onboarding an additional 200 banks across South and East India. The startup’s digital payment solutions cater to the needs of banks, merchants, and consumers, providing a seamless and secure payment experience. With the fresh capital, OneStack plans to enhance its product offerings, strengthen its technology infrastructure, and expand its team to support its growing customer base.
The Indian fintech landscape is witnessing significant growth, driven by the increasing adoption of digital payment solutions by consumers and merchants. The Reserve Bank of India (RBI) has also been proactive in promoting digital payments, introducing initiatives such as the Unified Payments Interface (UPI) and the Aadhaar Enabled Payment System (AEPS).
OneStack’s latest funding round is a significant development in the Indian fintech landscape, and it is likely to have a positive impact on the startup’s growth plans. The fresh capital will enable OneStack to expand its operations, enhance its product offerings, and strengthen its technology infrastructure, further solidifying its position in the market.
In conclusion, OneStack’s $2 million Series A funding round is a significant development in the Indian fintech landscape. The startup’s innovative approach to digital payment solutions has resonated well with the Indian banking and fintech ecosystem, and its latest funding round is a testament to its potential for scalability. With the fresh capital, OneStack plans to expand its operations, onboarding an additional 200 banks across South and East India, and further solidify its position in the market.
Source: https://startuptalky.com/news/onestack-raises-series-a-round/
