OneStack Raises $2 mn from Pentathlon Ventures & Others
The fintech landscape has witnessed another significant development with OneStack, a rising star in the industry, securing $2 million in Series A funding. Led by Pentathlon Ventures, the round saw participation from Yatra Angel Network, 100Unicorns, and Venture Catalysts. In an exciting development, OneStack has also announced that it will secure an additional $1 million soon. This significant influx of capital will enable the company to further accelerate its growth plans.
OneStack is a fintech startup that has been making waves in the Indian market with its innovative approach to digital payments and financial services. The company’s platform offers a range of solutions for banks, including payment aggregation, digital lending, and financial inclusion. With over 200 banks on board and a market share of 20% in North and West India, OneStack is well-positioned to expand its presence in the country.
The company plans to use the funds to expand its operations into South and East India, with the aim of onboarding 200 more banks in the coming months. This ambitious plan is a testament to OneStack’s confidence in its ability to scale rapidly and capture a significant share of the Indian fintech market.
OneStack’s success can be attributed to its unique approach to fintech, which focuses on building strong partnerships with banks and financial institutions. The company’s platform is designed to be highly flexible and adaptable, allowing it to integrate with a wide range of systems and technologies. This flexibility has been a key factor in OneStack’s ability to on board such a large number of banks, including some of the largest and most prestigious financial institutions in India.
The fintech industry has been growing rapidly in recent years, driven by increasing demand for digital financial services and a growing appetite for innovation. OneStack is well-positioned to benefit from this trend, with its platform offering a range of solutions that meet the evolving needs of consumers and businesses alike.
The company’s Series A funding round is a significant milestone in its journey, providing it with the resources it needs to accelerate its growth plans. The participation of high-profile investors such as Pentathlon Ventures, Yatra Angel Network, 100Unicorns, and Venture Catalysts is a testament to OneStack’s potential for growth and success.
In a statement, the founders of OneStack said, “We are thrilled to have secured this significant round of funding, which will enable us to further accelerate our growth plans. We believe that our platform has the potential to transform the way people and businesses interact with financial services, and we are excited to be working with such a talented and experienced group of investors.”
The fintech industry is rapidly evolving, with new innovations and technologies emerging all the time. OneStack is well-positioned to be at the forefront of this evolution, with its platform offering a range of solutions that meet the evolving needs of consumers and businesses alike.
As the company looks to expand its operations into new markets, it will be interesting to see how it continues to innovate and adapt to changing market conditions. With its unique approach to fintech and its strong partnerships with banks and financial institutions, OneStack is well-positioned to make a significant impact in the Indian fintech market.
Source: https://startuptalky.com/news/onestack-raises-series-a-round/
