OneStack, a fintech startup, has raised $2 million from GrowX Ventures, Stride Ventures, 9Unicorns, Venture Catalyst, Sunil Kulkarni as well as other current investors in its pre-Series A round.
The money will be used to fuel the business’ expansion, encourage innovation, grow the team, and open offices across the country, according to a press release from the company. This year, it also intends to digitize more than 1,000 cooperative banks and credit societies.
OneStack, established in 2019 by Amit Kapoor, offers thorough technical support and training to guarantee a smooth transition and ongoing success. The Gurugram-based mobile app asserts to have activated over 200 banks and societies in the past.
OneCBS (core banking solution), a cloud-based platform with built-in mobile applications and switch connectivities, is being introduced by the startup. The solution allows banks and societies to improve customer experiences, streamline operations, and make data-driven decisions.
A $244K seed round was previously raised by OneStack in 2021 from a large group of angel investors and a few funds.