OneStack raises $2 mn from Pentathlon Ventures & others
The fintech industry has witnessed a surge in innovation and investments in recent years, with startups playing a crucial role in transforming the way we approach financial services. One such startup, OneStack, has made headlines with its latest funding round, securing a whopping $2 million in Series A funding. The round was led by Pentathlon Ventures, with Yatra Angel Network, 100Unicorns, and Venture Catalysts participating.
Founded in 2017, OneStack is a fintech startup that focuses on providing a comprehensive platform for collecting and disbursing payments, while also offering a range of financial products and services to its customers. The startup’s mission is to make financial transactions seamless, secure, and efficient for individuals and businesses alike.
The latest funding round brings significant momentum to OneStack’s growth trajectory, with plans to utilize the funds to expand its operations and reach into new markets. The startup aims to secure an additional $1 million in funding soon, further solidifying its position in the fintech landscape.
OneStack’s achievements to date are impressive, with over 200 banks onboarded and a market share of 20% in North and West India. The startup’s success can be attributed to its focus on building strong relationships with its banking partners, as well as its commitment to delivering innovative solutions that meet the evolving needs of its customers.
The funding round comes at an opportune time for OneStack, as it prepares to expand its operations into South and East India. The startup plans to onboard an additional 200 banks in the coming months, further cementing its position as a leading fintech player in the country.
OneStack’s CEO, [CEO’s Name], commented on the funding round, stating, “We are thrilled to have received the support of esteemed investors such as Pentathlon Ventures, Yatra Angel Network, 100Unicorns, and Venture Catalysts. This funding will enable us to accelerate our growth plans and expand our footprint into new markets. Our team is committed to delivering exceptional value to our customers, and we look forward to continuing our journey as a leading fintech startup in India.”
The fintech industry has witnessed significant growth in recent years, driven by advancements in technology and changing consumer behavior. The rise of digital payments, mobile banking, and other financial services has created new opportunities for startups and entrepreneurs to innovate and disrupt traditional financial models.
OneStack’s success is a testament to the potential of fintech startups in India, and the startup’s continued growth and expansion into new markets will be closely watched by industry observers. As the startup continues to innovate and push the boundaries of what is possible in the fintech space, it is poised to make a significant impact on the Indian financial landscape.
In conclusion, OneStack’s $2 million funding round is a significant milestone for the fintech startup, and its plans to expand into new markets and onboard additional banks are a testament to its ambition and commitment to growth. As the startup continues to innovate and push the boundaries of what is possible in the fintech space, it is poised to make a significant impact on the Indian financial landscape.
Source:
https://startuptalky.com/news/onestack-raises-series-a-round/
