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OneStack Bags $2 Mn To Boost Digital Capabilities Of Co-operative Banks

  • Mumbai-based fintech platform OneStack has raised $2 Mn in a Series A funding round led by Pentathlon Ventures.
  • The startup plans to expand into southern and eastern India, targeting an additional 200 banks to achieve a pan-India market share of 20%.
  • OneStack aims to deploy its core banking system solution such as unified payment interface (UPI) and enable Bharat Bill Payment System (BBPS) for various services in the country.
  • Founded in 2019, OneStack offers core banking solutions to rural cooperative banks and helps integrate other financial services, such as insurance and investments, into their offerings.

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