OneStack Raises $2 Mn from Pentathlon Ventures & Others
In a significant development in the fintech sector, OneStack, a fintech startup, has secured $2 million in Series A funding, led by Pentathlon Ventures, with Yatra Angel Network, 100Unicorns, and Venture Catalysts participating. This investment is a testament to the startup’s growing reputation and its potential for significant growth in the Indian fintech landscape.
The funding will be used to expand OneStack’s operations, particularly in South and East India, where the company plans to on-board 200 more banks. Currently, the startup has already secured partnerships with over 200 banks, which has given it a significant 20% market share in North and West India.
OneStack’s innovative approach to the fintech space has caught the attention of several prominent investors, who are eager to be a part of its growth story. The startup’s ability to simplify complex financial processes and provide a seamless experience to its users has made it a preferred choice for many consumers.
The company’s success can be attributed to its robust technology platform, which enables banks and financial institutions to offer a range of financial services to their customers, including savings, current accounts, credit cards, and other digital banking solutions. OneStack’s platform is designed to be scalable, secure, and compliant with regulatory requirements, making it an attractive option for banks looking to modernize their digital offerings.
The fintech startup’s focus on providing easy-to-use digital banking solutions has resonated well with consumers, particularly in a country like India where digital payments are becoming increasingly popular. OneStack’s platform is designed to be user-friendly, with features such as instant account opening, bill payments, and fund transfers, making it an attractive option for consumers who are looking for a convenient and efficient way to manage their finances.
The company’s success has not gone unnoticed, with several prominent fintech players in the country taking notice of its growth trajectory. The Series A funding will be used to further accelerate the company’s growth, with plans to expand its operations to new markets and on-board more banks.
“We are thrilled to have received this funding from Pentathlon Ventures and other prominent investors,” said [Name], Founder and CEO of OneStack. “This investment will enable us to further accelerate our growth plans and expand our operations to new markets. We believe that our platform has the potential to revolutionize the way people manage their finances, and we are excited to be a part of this journey.”
OneStack’s success is a testament to the growing interest in fintech startups in India, which has attracted significant attention from investors and entrepreneurs alike. The fintech sector has been growing rapidly in recent years, with several startups successfully raising funding and expanding their operations across the country.
The company’s growth plans are ambitious, with a focus on expanding its operations to new markets and on-boarding more banks. With its robust technology platform and user-friendly interface, OneStack is well-positioned to become a leading player in the Indian fintech landscape.
The Series A funding is a significant milestone for OneStack, and the company is expected to use this investment to further accelerate its growth plans. With its focus on innovation and customer satisfaction, OneStack is well-positioned to become a leading player in the Indian fintech landscape, and its success is expected to have a significant impact on the overall fintech sector in the country.
Source: https://startuptalky.com/news/onestack-raises-series-a-round/
