OneStack raises $2 mn from Pentathlon Ventures & others
The fintech industry has been witnessing a surge in innovation and investments in recent years. The latest development in this space is the Series A funding of $2 million secured by OneStack, a fintech startup that provides a platform for seamless banking and financial services. The funding round was led by Pentathlon Ventures, with Yatra Angel Network, 100Unicorns, and Venture Catalysts participating.
The funding will be used by OneStack to expand its operations and further strengthen its position in the market. The company plans to use a significant portion of the funds to secure an additional $1 million in the coming months. This additional funding will be used to accelerate its growth plans and expand its reach to more customers.
OneStack’s platform provides a range of financial services, including payment gateways, digital wallets, and banking solutions. The company has already onboarded over 200 banks and has a market share of 20% in North and West India. With the fresh funding, OneStack plans to expand its operations to South and East India, onboarding an additional 200 banks in the process.
The company’s success can be attributed to its focus on providing a seamless and user-friendly experience to its customers. Its platform is designed to simplify the process of banking and financial transactions, making it easier for customers to manage their finances. OneStack’s platform is also integrated with various other financial services, including insurance and investment products, making it a one-stop-shop for all financial needs.
The fintech industry has been growing rapidly in recent years, driven by the increasing adoption of digital technologies and the need for more efficient and convenient financial services. The industry has seen a significant influx of investments, with many startups raising millions of dollars in funding to fuel their growth.
OneStack’s funding round is a testament to the growing confidence of investors in the fintech industry. The company’s success in onboarding over 200 banks and achieving a market share of 20% in North and West India is a significant achievement, and the additional funding will help it to further expand its reach.
The fintech industry is expected to continue growing rapidly in the coming years, driven by the increasing adoption of digital technologies and the need for more efficient and convenient financial services. With its focus on providing a seamless and user-friendly experience to its customers, OneStack is well-positioned to take advantage of this growth and continue to expand its operations.
About OneStack
OneStack is a fintech startup that provides a platform for seamless banking and financial services. The company’s platform provides a range of financial services, including payment gateways, digital wallets, and banking solutions. OneStack has already onboarded over 200 banks and has a market share of 20% in North and West India.
About Pentathlon Ventures
Pentathlon Ventures is a venture capital firm that focuses on investing in startups in the fintech and financial services sectors. The firm has a strong track record of investing in successful startups and has a team of experienced investors with deep knowledge of the fintech industry.
About Yatra Angel Network
Yatra Angel Network is an angel network that focuses on investing in startups in the travel, tourism, and fintech sectors. The network has a strong track record of investing in successful startups and has a team of experienced investors with deep knowledge of the industries it focuses on.
About 100Unicorns
100Unicorns is a venture capital firm that focuses on investing in startups in the fintech and financial services sectors. The firm has a strong track record of investing in successful startups and has a team of experienced investors with deep knowledge of the fintech industry.
About Venture Catalysts
Venture Catalysts is a venture capital firm that focuses on investing in startups in the fintech and financial services sectors. The firm has a strong track record of investing in successful startups and has a team of experienced investors with deep knowledge of the fintech industry.
News Source
https://startuptalky.com/news/onestack-raises-series-a-round/
