Mumbai-based fintech startup OneStack has raised 17 crore rupee (US$2 million) in a series A funding round led by Pentathlon Ventures, with participation from Yatra Angel Network, 100Unicorns, and Venture Catalysts.

Previously, the company had secured 16 crore rupee (US$1.87 million) from investors like AngeBay, Faad, Stride Ventures, and GrowX Ventures.

Founded in 2019 by Amit Kapoor and Vishal Gupta, OneStack helps cooperative banks and credit societies digitize their services.

It offers core banking solutions, including mobile banking, Unified Payments Interface (UPI), and Bharat Bill Payment System (BBPS), while also integrating financial services like insurance, lending, and mutual funds.

With the new funding, OneStack plans to expand into southern and eastern India and onboard 200 more banks. It aims for a 20% market share nationwide while enhancing its core banking solutions, such as UPI services and BBPS for centralized bill payments.