OneStack Raises $2 Mn from Pentathlon Ventures & Others
The fintech landscape is witnessing a rapid transformation with innovative startups emerging to revolutionize the way financial services are delivered. One such startup, OneStack, has made headlines with its latest funding round, securing $2 million in Series A funding from Pentathlon Ventures, with Yatra Angel Network, 100Unicorns, and Venture Catalysts participating. This significant investment is expected to be followed by an additional $1 million soon, further solidifying OneStack’s position as a major player in the fintech space.
OneStack, a fintech startup, has been making waves with its unique approach to financial services. The company has successfully onboarded over 200 banks, giving it a significant market share of 20% in North and West India. With this impressive milestone, OneStack is now set to expand its operations into South and East India, with plans to onboard an additional 200 banks.
The funding round, which marks a significant milestone for OneStack, will enable the company to accelerate its growth plans, invest in technology, and expand its team. The funds will also be utilized to develop new products and services, further enhancing the company’s offerings to its customers.
Pentathlon Ventures, a leading venture capital firm, led the funding round, with Yatra Angel Network, 100Unicorns, and Venture Catalysts participating. These investors have a strong track record of supporting innovative startups, and their involvement in OneStack’s funding round is a testament to the company’s potential for growth and success.
OneStack’s success can be attributed to its unique approach to financial services. The company has developed a robust platform that enables banks to offer a range of financial services to their customers, including loans, credit cards, and insurance products. The platform is designed to be scalable and secure, making it an attractive option for banks looking to offer a wider range of financial services to their customers.
The fintech space is witnessing a significant amount of innovation, with startups like OneStack emerging to disrupt traditional financial services. The company’s success is a testament to the potential for fintech startups to make a significant impact in the financial services space.
OneStack’s plans to expand into South and East India are a significant step forward for the company. The Indian fintech market is rapidly growing, with a significant number of startups emerging to capitalize on the opportunity. With its unique approach to financial services, OneStack is well-positioned to take advantage of this growth and establish itself as a major player in the Indian fintech space.
In conclusion, OneStack’s $2 million funding round is a significant milestone for the fintech startup. The company’s unique approach to financial services, combined with its impressive growth plans, make it an attractive option for investors. With the support of Pentathlon Ventures, Yatra Angel Network, 100Unicorns, and Venture Catalysts, OneStack is well-positioned to achieve significant growth and success in the years to come.
Source:
https://startuptalky.com/news/onestack-raises-series-a-round/
