Fintech Startup OneStack Raises $2 Mn In Series A Round

OneStack, a fintech platform for cooperative banks in Bharat, has raised $2 million in its Series A round and will secure an additional $1 million led by Pentathlon Ventures.

The round also saw participation form Yatra Angel Network and continued support from existing investors 100Unicorns and Venture Catalysts.   

The funds will be used to develop scalable technology that boosts financial access and digital growth in underserved areas.

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Amit Kapoor, Cofounder of OneStack, said, “Our mission is to make every Bharat bank a neo-bank. With this funding, we aim to extend our footprint into South and East India, targeting an additional 200+ banks to achieve a pan-India market share of 20%. Simultaneously, we will deploy our CBS across 50+ institutions and onboard 100+ banks onto our NPCI UPI & BBPS Switch, enabling them to offer UPI services under their own branding. This expansion will directly impact financial inclusion for 5 crore Indians over the next 18 months.”

Dr Apoorva Ranjan Sharma, Managing Director, Venture Catalysts, said, “OneStack’s unique positioning as a full-stack enabler for cooperative banks aligns with our vision of backing platforms that democratize access to critical infrastructure. Their ability to penetrate Tier II/III markets and deliver ROI-driven solutions positions them as a catalyst for India’s next wave of banking digitization. Our investment in OneStack resonates with our goal of backing founders who solve complex, large-scale challenges.”

“At Pentathlon Ventures, we believe in backing disruptive B2B tech startups that redefine industries, and Onestack is a perfect example. India’s cooperative banking sector, serving over 230 million people, has long been underserved in digitization. OneStack is bridging this gap by empowering these banks with cutting-edge financial technology. Onestack is not just about digitization but about unlocking new efficiencies, trust, and financial inclusion at scale. We are excited to lead this funding round and support OneStack in revolutionizing Bharat’s financial landscape while creating a category leader in cooperative banking technology,” Sandeep Chawda, Managing Partner at Pentathlon Ventures said.

About OneStack 

Founded in 2019 by Amit Kapoor and Vishal Gupta, OneStack provides banking solutions like Core Banking, Mobile Banking, UPI Switch and BBPS Switch, helping regional and rural banks upgrade their services.As a technical and application service provider, OneStack offers a unified tech platform.

With 200+ cooperative banks onboarded, it holds a 20% market share in North and West India, serving 35 crore Indians and six crore MSMEs. It also supports seven of 34 State Cooperative Banks.

OneStack’s UPI and BBPS Switch let partner banks issue branded UPI IDs and process payments independently. Since its last funding, it has deployed over 6,000 Soundboxes in 14 regional languages.

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