
Fintech OneStack raises $2 Mn in Series A round
Fintech platform OneStack has raised $2 million in its Series A circular and will secure an extra $1 million driven by Pentathlon Ventures, with interest from Yatra Angel Network and proceeded back from existing financial specialists 100Unicorns and Venture Catalysts.
The continues will be utilized to adaptable advances that drive money related incorporation and computerized change in underserved markets.
Established by Amit Kapoor and Vishal Gupta, OneStack offers end-to-end arrangements like Core Banking, Mobile Banking, NPCI UPI Switch, and BBPS Switch, permitting territorial and country banks to modernize operations and improve administrations
The stage works as a technical service provider (TSP) and application service provider (ASP), advertising a bound together innovation stack.
With over 200 agreeable banks as of now onboarded, OneStack claims to command a 20% advertise share in North and West India and bolsters seven out of 34 State Agreeable Banks, serving 35 crore Indians and six crore MSMEs through its foundation.
OneStack's UPI Switch and BBPS Switch empower accomplice banks to freely issue branded UPI IDs and prepare Bharat BillPay exchanges, minimizing dependence on third-party stages. Since its final subsidizing circular, the brand has sent over 6,000 Soundboxes in 14 territorial dialects.