Fintech platform OneStack has raised $2 million in its Series A funding round, with plans to secure an additional $1 million.
The round was led by Pentathlon Ventures, with participation from Yatra Angel Network and continued backing from 100Unicorns and Venture Catalysts.
The fresh capital will be used to scale technology solutions that drive financial inclusion and digital transformation in underserved markets.
Founded by Amit Kapoor and Vishal Gupta, OneStack provides end-to-end banking solutions, including Core Banking, Mobile Banking, NPCI UPI Switch, and BBPS Switch, enabling regional and rural banks to modernize operations and enhance services.
Functioning as both a Technical Service Provider (TSP) and Application Service Provider (ASP), the platform offers a unified technology stack to streamline banking processes.
With over 200 cooperative banks onboarded, OneStack claims 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.
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The company’s UPI Switch and BBPS Switch empower partner banks to issue branded UPI IDs and process Bharat BillPay transactions independently, reducing reliance on third-party platforms.
Since its last funding round, OneStack has also deployed over 6,000 Soundboxes in 14 regional languages, further strengthening its digital payment capabilities.
