OneStack Achieves Financial Milestone in Fintech Innovation

OneStack, a burgeoning fintech platform, has successfully secured $2 million in its Series A funding round, with plans to raise an additional $1 million headed by Pentathlon Ventures. Notable participations come from Yatra Angel Network as well as continued backing from existing investors 100Unicorns and Venture Catalysts.

The capital raised will be allocated towards scalable technologies aimed at advancing financial inclusion and fostering digital transformation in underrepresented markets.

About OneStack

Established by entrepreneurs Amit Kapoor and Vishal Gupta, OneStack delivers comprehensive solutions, including Core Banking, Mobile Banking, NPCI UPI Switch, and BBPS Switch. These solutions empower regional and rural banks to upgrade their operations and improve customer services.

Technical Service Provider Capabilities

As both a technical service provider (TSP) and application service provider (ASP), OneStack offers an integrated technology stack that simplifies banking processes for its partners.

Market Presence and Impact

With over 200 cooperative banks already using its platform, OneStack enjoys a 20% market share across North and West India. The platform supports seven out of 34 State Cooperative Banks, catering to 35 crore Indians and six crore MSMEs through its state-of-the-art infrastructure.

Innovative UPI and BBPS Solutions

OneStack’s UPI Switch and BBPS Switch empower partner banks to autonomously issue branded UPI IDs and manage Bharat BillPay transactions, significantly reducing dependency on external platforms. Since its previous funding round, OneStack has also rolled out over 6,000 Soundboxes, supporting communication in 14 regional languages.