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Fintech OneStack raises $2 Mn in Series A round led by Pentathlon Ventures
Category: Funding News, Posted on: 28/03/2025 , Posted By: Ishika Agarwal
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OneStack has been founded by Amit Kapoor and Vishal Gupta. OneStack offers end-to-end solutions like Core Banking, Mobile Banking, NPCI UPI Switch, and BBPS Switch, allowing regional and rural banks to modernize operations and enhance services. 

Fintech platform OneStack has raised $2 million in its Series A round and will secure an additional $1 million led by Pentathlon Ventures, with participation from Yatra Angel Network and continued support from existing investors 100Unicorns and Venture Catalysts. The proceeds will be used to scalable technologies that drive financial inclusion and digital transformation in underserved markets. The platform operates as a technical service provider (TSP) and application service provider (ASP), offering a unified technology stack. With over 200 cooperative banks already onboarded, OneStack claims to command a 20% market share in North and West India and supports seven out of 34 State Cooperative Banks, serving 35 crore Indians and six crore MSMEs through its infrastructure.

OneStack’s UPI Switch and BBPS Switch enable partner banks to independently issue branded UPI IDs and process Bharat BillPay transactions, minimizing reliance on third-party platforms. Since its last funding round, the brand has deployed over 6,000 Soundboxes in 14 regional languages.

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