Venture debt fund Alteria Capital has invested Rs 120 Cr ($14.4 Mn) in FPL Technologies, the parent firm of credit card startup OneCard.
With the additional funds, OneCard will expand its consumer experience by creating new products, adding features, and providing customised services, as reported by livemint.
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“The partnership with Alteria will help us fuel these initiatives faster, empowering us to scale new heights in the new-age credit card landscape,” OneCard’s founder Anurag Sinha said.
Recently, venture financing fund Alteria Capital has provided INR 95 crore ($11.44 million) in debt funding to fintech unicorn OneCard.
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OneCard simplifies digital banking by letting consumers manage credit cards through its app. The software handles credit card operations, benefits, and deals.
About OneCard
OneCard, which was founded in 2018 by Anurag Sinha, Rupesh Kumar, and Vibhav Hathi, provides a credit card with a joint brand in collaboration with banks, including Federal Bank and Bank of Baroda Financial. Additionally, the platform provides services relating to credit cards, like an application for managing expenses and a credit report check.
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