Fintech startup OneStack raised $2 million in funds led by growX ventures and others

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Fintech startup OneStack raised $2 million in funds led by growX ventures, Venture Catalyst, Stride Ventures, 9Unicorns, Sunil Kulkarni, and other existing investors.

OneStack Utilizing Funds to Drive Digital Transformation and Expansion

OneStack plans to utilize the fresh capital to digitize over 1,000 cooperative banks and credit societies throughout this year. The investment will also support the company’s efforts to expand its team and establish offices across India, according to a statement by OneStack.

OneStack’s Vision as a Technical Service Provider

Founded in 2019 by Amit Kapoor, the startup aims to become the leading technical service provider (TSP) for the co-operative sector by offering core banking solutions (OneCBS), mobile banking applications, UPI/QR services, and SoundBox.

OneStack Targeting a Large Addressable Market and Empowering Cooperative Banks

OneStack claims to have collaborated with over 200 banks and societies thus far. The company’s addressable market includes more than 1,200 urban cooperative banks, 8.5 lakh societies, and over 380 million Indians who bank with cooperative banks and societies. By helping these institutions embrace digital transformation, OneStack aims to enable them to compete with large banks and fintech companies.

Promoting Financial Inclusion and Contributing to India’s Fintech Growth

OneStack’s mission has garnered praise from industry experts. Ishpreet Singh Gandhi, founder and managing partner of Stride Ventures, highlighted the startup’s role in bridging the gap and providing essential digital banking services to the underserved segment. The introduction of SoundBox for cooperative banks and credit societies will further enhance their offerings in a market currently dominated by players like Paytm, PhonePe, BharatPe, and traditional banks.

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Protest by Urban Company Service partners continues

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Fintech startup OneStack raised $2 million in funds led by growX ventures and others

Fintech startup OneStack raised $2 million in funds led by growX ventures, Venture Catalyst, Stride Ventures, 9Unicorns, Sunil Kulkarni, and other existing investors.

OneStack Utilizing Funds to Drive Digital Transformation and Expansion

OneStack plans to utilize the fresh capital to digitize over 1,000 cooperative banks and credit societies throughout this year. The investment will also support the company’s efforts to expand its team and establish offices across India, according to a statement by OneStack.

OneStack’s Vision as a Technical Service Provider

Founded in 2019 by Amit Kapoor, the startup aims to become the leading technical service provider (TSP) for the co-operative sector by offering core banking solutions (OneCBS), mobile banking applications, UPI/QR services, and SoundBox.

OneStack Targeting a Large Addressable Market and Empowering Cooperative Banks

OneStack claims to have collaborated with over 200 banks and societies thus far. The company’s addressable market includes more than 1,200 urban cooperative banks, 8.5 lakh societies, and over 380 million Indians who bank with cooperative banks and societies. By helping these institutions embrace digital transformation, OneStack aims to enable them to compete with large banks and fintech companies.

Promoting Financial Inclusion and Contributing to India’s Fintech Growth

OneStack’s mission has garnered praise from industry experts. Ishpreet Singh Gandhi, founder and managing partner of Stride Ventures, highlighted the startup’s role in bridging the gap and providing essential digital banking services to the underserved segment. The introduction of SoundBox for cooperative banks and credit societies will further enhance their offerings in a market currently dominated by players like Paytm, PhonePe, BharatPe, and traditional banks.

Also Read The Latest News:
Protest by Urban Company Service partners continues

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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