OneStack raises $2 mn from Pentathlon Ventures & others
The fintech industry has been witnessing a surge in investments and innovations, and the latest development in this space is the announcement of OneStack, a fintech startup, securing $2 million in Series A funding led by Pentathlon Ventures. Yatra Angel Network, 100Unicorns, and Venture Catalysts also participated in this round. This significant investment is expected to be followed by an additional $1 million soon.
OneStack is a fintech startup that has been making waves in the industry with its innovative approach to banking and financial services. The startup has onboarded over 200 banks, which accounts for a significant 20% market share in North and West India. With this funding, OneStack plans to expand its operations to South and East India, aiming to onboard 200 more banks in the region.
The fintech startup’s platform provides a comprehensive suite of solutions for banks, enabling them to offer a range of financial products and services to their customers. OneStack’s platform is designed to streamline the process of onboarding new customers, reducing the time and effort required for KYC (Know Your Customer) verification, and providing a seamless experience for customers.
The fintech industry has been growing rapidly in recent years, driven by the increasing adoption of digital technologies and the growing demand for convenient and secure financial services. The Indian fintech industry, in particular, has been witnessing significant growth, with the market size expected to reach $150 billion by 2025.
The Series A funding round led by Pentathlon Ventures marks a significant milestone for OneStack, which will be used to expand its operations, enhance its platform, and increase its market reach. The additional $1 million investment will be used to further accelerate the startup’s growth and expansion plans.
“We are thrilled to have secured this significant funding from leading investors in the fintech space,” said [Name], CEO, OneStack. “This investment will enable us to expand our operations, enhance our platform, and increase our market reach. We are confident that our platform will continue to disrupt the traditional banking and financial services industry, providing a seamless and convenient experience for customers.”
The fintech startup’s success is a testament to the growing demand for innovative financial services and the increasing adoption of digital technologies in the banking and financial services industry. The growing competition in the fintech space is driving innovation and investment, and OneStack’s success is likely to be replicated by other fintech startups in the industry.
The fintech industry is expected to continue to grow rapidly in the coming years, driven by the increasing adoption of digital technologies and the growing demand for convenient and secure financial services. With the Series A funding round led by Pentathlon Ventures, OneStack is well-positioned to continue its growth and expansion plans, and investors are likely to continue to show interest in the fintech space.
About OneStack
OneStack is a fintech startup that provides a comprehensive suite of solutions for banks, enabling them to offer a range of financial products and services to their customers. The startup has onboarded over 200 banks, which accounts for a significant 20% market share in North and West India.
About Pentathlon Ventures
Pentathlon Ventures is a venture capital firm that focuses on investing in early-stage startups, particularly in the fintech and healthtech spaces. The firm has a strong track record of investing in successful startups and has a team of experienced professionals with a deep understanding of the industries they invest in.
About Yatra Angel Network
Yatra Angel Network is an angel network that focuses on investing in early-stage startups, particularly in the fintech and healthtech spaces. The network has a strong track record of investing in successful startups and has a team of experienced professionals with a deep understanding of the industries they invest in.
About 100Unicorns
100Unicorns is an angel network that focuses on investing in early-stage startups, particularly in the fintech and healthtech spaces. The network has a strong track record of investing in successful startups and has a team of experienced professionals with a deep understanding of the industries they invest in.
About Venture Catalysts
Venture Catalysts is a venture capital firm that focuses on investing in early-stage startups, particularly in the fintech and healthtech spaces. The firm has a strong track record of investing in successful startups and has a team of experienced professionals with a deep understanding of the industries they invest in.
Source:
https://startuptalky.com/news/onestack-raises-series-a-round/
