OneStack raises $2 Mn in pre-Series A round from GrowX Ventures, others

Fintech startup OneStack has raised $2 million in its pre-Series A round from GrowX ventures, Stride Ventures, 9Unicorns, Venture Catalyst, Sunil Kulkarni along with other existing investors.

The funds will be used to power the company's growth, drive team expansion, foster innovation, and establish nationwide offices, the company said in a press release. It also plans to digitize over 1,000 cooperative banks and credit societies this year. 

Founded in 2019 by Amit Kapoor, OneStack provides comprehensive technical support and training to ensure a smooth transition and continued success. The Gurugram-based mobile application claims to have a track record of activating over 200 banks and societies. 

The startup is launching OneCBS (core banking solution), a cloud-based platform with integrated mobile applications and switch connectivities. The solution enables banks and societies to streamline their operations, enhance customer experiences, and make data-driven decisions.

Previously, OneStack raised a $244K seed round in 2021 from a bunch of angel investors and a few funds.