OneStack raises $2 mn from Pentathlon Ventures & others
The fintech landscape is witnessing a significant transformation, with innovative startups emerging to disrupt traditional financial services. One such startup, OneStack, has made headlines by securing a whopping $2 million in Series A funding, led by Pentathlon Ventures, with Yatra Angel Network, 100Unicorns, and Venture Catalysts participating. This funding round marks a significant milestone for the fintech startup, which is poised to further expand its operations and reach.
The funding will be utilized to drive the company’s growth strategy, which includes expanding its presence in South and East India, onboarding 200 more banks, and enhancing its technology and product offerings. The startup has already made significant inroads in North and West India, with over 200 banks onboarded and a 20% market share in the region.
Founded in 2019, OneStack aims to simplify financial transactions and provide a seamless experience for its customers. The startup has developed a unique platform that enables businesses to integrate multiple payment gateways, banks, and financial institutions, thereby reducing the complexity associated with financial transactions.
The Series A funding round is a testament to OneStack’s innovative approach and its potential for growth. Pentathlon Ventures, a leading venture capital firm, led the funding round, with Yatra Angel Network, 100Unicorns, and Venture Catalysts participating. This consortium of investors brings a wealth of experience and expertise to the table, which will be invaluable in guiding OneStack’s future growth.
OneStack’s success can be attributed to its ability to identify a pressing need in the market and develop a solution that meets the evolving needs of customers. The fintech startup has built a robust platform that is scalable, secure, and easy to use, making it an attractive option for businesses looking to streamline their financial operations.
The fundraising process was a significant milestone for OneStack, which required the startup to demonstrate its potential for growth and scalability. The company’s leadership team, comprising experienced professionals from the fintech industry, worked closely with the investors to develop a comprehensive business plan and financial projections.
“We are thrilled to have secured this funding round, which will enable us to accelerate our growth plans and expand our operations in India,” said [Name], Founder and CEO of OneStack. “Our platform has been designed to simplify financial transactions and provide a seamless experience for our customers. We believe that this funding will help us to achieve our vision of becoming a leading fintech player in India.”
OneStack’s plans for the future are ambitious, with a focus on expanding its presence in South and East India. The startup aims to onboard 200 more banks in the next few months, which will further enhance its market share and reinforce its position as a leading fintech player in the country.
The fintech industry is witnessing a significant surge in interest, with investors and startups alike recognizing the potential for growth and innovation. OneStack’s success is a testament to the potential of fintech startups in India, which are driving innovation and disruption in the financial services sector.
In conclusion, OneStack’s $2 million Series A funding round is a significant milestone for the fintech startup, which is poised to further expand its operations and reach in India. With a robust platform, a strong leadership team, and a growing customer base, OneStack is well-positioned to achieve its vision of becoming a leading fintech player in the country.
Source: https://startuptalky.com/news/onestack-raises-series-a-round/
