OneStack raises $2 million in Series A funding round led by Pentathlon Ventures
Summary
OneStack, a fintech platform for cooperative banks in India, has raised $2 million in a Series A funding round led by Pentathlon Ventures. 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%. This expansion will directly impact financial inclusion for 5 crore Indians over the next 18 months.Apoorva Ranjan Sharma, Managing Director, Venture Catalysts, said, OneStacks 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 Indias next wave of banking digitization. Indias cooperative banking sector, serving over 230 million people, has long been underserved in digitization.