PE Fund Investments
Credit score provider OneScore raises $100-M from Temasek, Sequoia, others; turns unicorn
Pune-based fintech firm FPL Technologies, which operates consumer credit scoring platform OneScore and issues credit cards under the OneCard brand, is to raise INR 802.49 crore (about USD 100.5 million) in a Series D round that values it at around USD 1.3 Billion. Singapore's Temasek, through MacRitchie Investments, led the round, investing around INR 375 crore (USD 46.9 million). Sarv Investments and existing investors Hummingbird Ventures, Sequoia Capital India and Matrix Partners India have also joined the fresh financing round contributing INR 112.5 crore, INR 1.87 crore, INR 7.5 crore and INR 1.88 crore respectively. OneScore is claimed to have 10 million registered users. Its offerings include physical and virtual credit card, OneCard - issued in partnership with banks.
From the Venture Intelligence PE-VC Deal Database: Between Jul 19 and Dec 21, OneScore had raised over USD 114 M from Hummingbird Ventures, Matrix Partners India, Sequoia Capital India and others (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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