OneStack, a Gurugram-headquartered fintech pioneer, has secured an undisclosed amount of capital in its ongoing Series A funding round. The investment was co-led by Samved VC and Silicon Road Ventures, signaling strong investor confidence in the digital transformation of India’s “long-tail” banking sector.
Existing backers, including Pentathlon Ventures, 100Unicorns (formerly 9Unicorns), and Venture Catalysts, also participated in the round. This latest infusion brings OneStack’s total funding to approximately $4.24 million (approx. ₹35.3 crore), following a $2 million round in March 2025.
Digitizing the “Aadhaar of Banking”
Founded in 2019 by Amit Kapoor and Vishal Gupta, OneStack is on a mission to turn traditional cooperative banks and credit societies into modern “neobanks.” India currently houses over 1.1 lakh cooperative institutions that manage a massive ₹24.5 lakh crore in assets, yet many still rely on legacy systems.
OneStack’s SaaS-based infrastructure allows these banks to offer a full-stack digital experience without the need for heavy, expensive enterprise hardware.
The OneStack Digital Suite:
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NPCI-Integrated Payments: Branded UPI IDs, QR-based payments, and SoundBox integrations.
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Core Banking (CBS) Modernization: Cloud-first solutions that enable paperless onboarding and real-time transaction processing.
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Value-Added Services: Integration of Bharat Bill Payment System (BBPS), insurance, and digital lending modules.
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Regulatory Compliance: Built-in tools for seamless regulatory reporting and MIS requirements.
Scaling to 500 Institutions
Currently partnering with over 200 cooperative institutions, OneStack has demonstrated significant operational scale. The company processes more than ₹750 crore in annual UPI transaction value, a figure it expects to cross ₹1,000 crore by the end of 2026.
The new capital will be used to:
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Expand Footprint: Onboard an additional 300 banks over the next 24 months.
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Deepen Product Stack: Accelerate the rollout of SoundBox technology in regional languages and enhance mobile banking UI/UX.
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Geographic Expansion: Move beyond its strongholds in North and West India into the Southern and Eastern regions.
“Cooperative banks are increasingly seeking modern, compliant solutions that can be deployed efficiently without adopting heavyweight enterprise systems,” said Amit Kapoor, Co-founder & CEO of OneStack.
Investor Insight: A Scalable Niche
Amit Srivastava, Managing Partner at Samved VC, highlighted that the cooperative banking segment remains significantly under-digitized despite its systemic importance. By providing a “plug-and-play” digital layer, OneStack is enabling these banks to compete with private-sector giants and large fintech players while maintaining their local community relevance.
By: Vanshika Tayal
