GrowX, Stride, 9Unicorn Invest $2mn In Fintech OneStack

OneStack, a technology company focused on empowering cooperative banks and credit societies in India, today announced that it has raised USD 2 million in its latest funding round. This investment will power the company's growth, drive team expansion, foster innovation, and establish nationwide offices, propelling it to unparalleled success.

With this new funding, OneStack plans to digitize over 1,000 cooperative banks and credit societies this year, marking a significant milestone in its mission to empower these financial institutions. The funding round attracted a diverse group of investors, including growX, Stride, 9Unicorns, Venture Catalyst, Sunil Kulkarni, and existing investors.

"We are thrilled to have the support of our investors as we embark on this exciting phase of growth," said Amit Kapoor, Founder and CEO of OneStack. "This infusion of funds does more than merely enable us to augment our product suite and broaden our footprint across India; it propels our growth journey at an accelerated pace. With these additional resources, we are on the cusp of a revolution, empowering cooperative banks and credit societies to stand their ground in this digital epoch. Our mission extends beyond transformation and growth – we are dedicated to financial inclusion, bridging the gap for the next 40 crore Bharat customers. We are set to transform the banking landscape, revolutionizing customer service and fuelling unprecedented growth.”