OneStack Raises $2 Mn from Pentathlon Ventures & Others to Expand its Fintech Services
In a significant development in the Indian fintech space, 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 funding round is a testament to the company’s impressive growth and its potential to disrupt the fintech industry.
The funding will be used to expand OneStack’s services and operations, with a focus on expanding its presence in the Indian market. The company plans to use the funds to onboard 200 more banks and expand its services to South and East India, in addition to its existing presence in North and West India.
OneStack has made significant progress since its inception, with over 200 banks onboarded and a 20% market share in North and West India. The company’s services are designed to simplify the process of opening and managing bank accounts, making it easier for individuals and businesses to access financial services.
The fintech industry has seen significant growth in recent years, with more and more consumers turning to digital channels to manage their financial transactions. OneStack’s services are well-positioned to capitalize on this trend, with its platform allowing users to open and manage multiple bank accounts from a single interface.
“We are thrilled to have secured this funding round, which will enable us to further expand our services and operations,” said [Name], CEO of OneStack. “Our goal is to make it easier for individuals and businesses to access financial services, and we believe that our platform is well-positioned to achieve this goal.”
OneStack’s platform is designed to simplify the process of opening and managing bank accounts, making it easier for users to access financial services. The platform allows users to open and manage multiple bank accounts from a single interface, making it easier to keep track of financial transactions.
The fintech industry has seen significant growth in recent years, with more and more consumers turning to digital channels to manage their financial transactions. OneStack’s services are well-positioned to capitalize on this trend, with its platform allowing users to open and manage multiple bank accounts from a single interface.
The company’s services are designed to be user-friendly and intuitive, making it easier for individuals and businesses to access financial services. The platform also includes a range of features, such as account aggregation and categorization, making it easier for users to track their financial transactions.
OneStack’s funding round is a significant milestone for the company, and it is likely to be a major player in the Indian fintech space in the coming years. The company’s services are well-positioned to capitalize on the growing demand for digital financial services, and its platform is designed to make it easier for individuals and businesses to access financial services.
In addition to its funding round, OneStack has also announced that it will secure an additional $1 million soon. This funding will be used to further expand the company’s services and operations, with a focus on expanding its presence in the Indian market.
The fintech industry is likely to continue to grow in the coming years, with more and more consumers turning to digital channels to manage their financial transactions. OneStack’s services are well-positioned to capitalize on this trend, with its platform allowing users to open and manage multiple bank accounts from a single interface.
In conclusion, OneStack’s Series A funding round is a significant milestone for the company, and it is likely to be a major player in the Indian fintech space in the coming years. The company’s services are well-positioned to capitalize on the growing demand for digital financial services, and its platform is designed to make it easier for individuals and businesses to access financial services.
Source: https://startuptalky.com/news/onestack-raises-series-a-round/
