OneStack Closes $1.32 Mn to Expand Banking Technology Platform

Funding Details

The latest funding round brings OneStack’s total funding to more than ₹45 crore across four rounds. Shepherd’s Hill joined as a new investor, while existing investors Pentathlon Ventures and AVNM Ventures also participated.

Previously, the company raised $2 million in a Series A funding round in March 2025, led by Pentathlon Ventures, with participation from Yatra Angel Network, 100Unicorns and Venture Catalysts.

How Will OneStack Use the Funding?

OneStack will invest the fresh capital in expanding its presence among cooperative banks and non-banking financial companies (NBFCs).

The company also plans to strengthen its products across payments, core banking and regulatory compliance. It will further develop customer verification and fraud-reporting solutions for NBFCs.

OneStack's Banking Technology Platform

OneStack provides digital banking infrastructure that helps financial institutions offer banking services without developing their own technology systems.

Its product portfolio includes mobile banking, UPI issuing, merchant acquiring, QR payments, debit card management and OneCBS, its core banking platform.

The company also provides compliance solutions and supports digital banking services under the banks' own brands.

OneStack Expands Its Banking Network

Founded in 2019, OneStack currently serves more than 200 banks across India, including state cooperative banks, district central cooperative banks and non-scheduled urban cooperative banks.

The company has also partnered with a private-sector bank that sponsors more than 250 cooperative banks. Additionally, it has been onboarded as a technology service provider on Sahakar Sarathi, a shared services platform promoted by NABARD, NCDC and rural cooperative banks.

About OneStack

Founded by Amit Kapoor in 2019, OneStack is a fintech infrastructure company headquartered in Mumbai, India. It provides digital banking, payment and compliance technology to cooperative banks and NBFCs. Its platform helps financial institutions manage banking operations and offer digital services to customers under their own brands.

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