VC Fund Investments
Fintech startup OneStack raises $2-M from GrowX, Stride Ventures, others
Gurugram-based fintech startup OneStack has raised USD 2 million in equity funding from a clutch of venture funds, including GrowX, Stride Ventures, 9Unicorns and Venture Catalyst. The pre-Series A round will help expand the team, drive growth and also fund innovation in product offerings. OneStack was founded in 2019 by Amit Kapoor, previously the chief executive officer of digital payments firm Airpay. It had raised a USD 244,000 seed round in 2021 from a bunch of angel investors and a few funds that also participated in this round. OneStack plans to launch a cloud-based core banking solution called OneCBS, targeted at cooperative banks. OneCBS offers integrated mobile applications, which will help banks and societies streamline their operations, enhance customer experience, and drive data-based decisions.
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