Temasek led $100 M secured by Indian fintech firm OneCard in Series D round
According to Entrackr, OneCard, an Indian fintech firm, has secured $100 million in a Series D investment headed by Temasek Holdings in Singapore. With a valuation of US $1.3 billion, this places the firm in the unicorn club.
The round also included participation from Ocean View, QED Holdings, Sequoia Capital, and Matrix Partners.
Anurag Sinha, Rupesh Kumar, and Vibhav Hathi, three former ICICI Bank executives, launched OneCard’s parent company, FPL Technologies, in February 2019.
OneCard, a metal credit card designed with mobile in mind, will be introduced in June 2020 in collaboration with numerous domestic banks. OneScore, a platform for monitoring and managing credit scores, is run by its parent company and purportedly has close to 70 million members.
In a series C investment round in January, FPL Technologies received $75 million from investors, including Janchor Partners, Sequoia Capital India, Matrix Partners, and Hummingbird Ventures. The company was worth 750 million dollars at the round.
