OneStack Raises $2 Mn from Pentathlon Ventures & Others
The fintech industry has been witnessing a surge in investments and growth, and the latest addition to this trend is OneStack, a fintech startup that has secured a significant Series A funding of $2 million. The round was led by Pentathlon Ventures, with Yatra Angel Network, 100Unicorns, and Venture Catalysts participating. This funding is a testament to the startup’s innovative approach and impressive growth trajectory.
About OneStack
OneStack is a fintech startup that provides a comprehensive digital payment platform for merchants and consumers. The company’s platform enables merchants to accept payments through various channels, including online, mobile, and point-of-sale (POS) transactions. OneStack’s platform offers a range of features, including payment processing, invoicing, and reconciliation, making it an attractive solution for businesses of all sizes.
Series A Funding
The $2 million Series A funding will be used to expand the company’s operations, enhance its technology, and accelerate its growth plans. With this funding, OneStack plans to secure an additional $1 million soon, further solidifying its position in the fintech industry.
Market Position
OneStack has made significant strides in the fintech industry, with over 200 banks already on-boarded onto its platform. The company has a market share of 20% in North and West India, and plans to expand its operations into South and East India, onboarding an additional 200 banks in the process.
Growth Plans
The funding will enable OneStack to expand its team, enhance its technology, and accelerate its growth plans. The company plans to use the funds to:
- Enhance its technology and product offerings
- Expand its operations into new regions
- Increase its marketing efforts to reach a wider audience
- Strengthen its sales and customer support teams
Partnerships and Collaborations
OneStack has been proactive in forming partnerships with various stakeholders in the fintech industry. The company has partnered with several banks, payment gateways, and other fintech startups to provide a seamless payment experience to its customers. These partnerships have been instrumental in enabling OneStack to expand its reach and offer a comprehensive payment solution to its customers.
Impact on the Fintech Industry
OneStack’s Series A funding is a significant development in the fintech industry, highlighting the growth potential and opportunities in the sector. The funding will enable OneStack to expand its operations, enhance its technology, and accelerate its growth plans, making it an attractive option for investors and customers alike.
Conclusion
OneStack’s Series A funding is a testament to the company’s innovative approach and impressive growth trajectory. The funding will enable OneStack to expand its operations, enhance its technology, and accelerate its growth plans, making it an attractive option for investors and customers alike. As the fintech industry continues to evolve, OneStack is well-positioned to capitalize on the opportunities and challenges ahead.
Source:
https://startuptalky.com/news/onestack-raises-series-a-round/
