Funding · Financial Services

OneStack raises undisclosed Series A to digitize credit societies

By Startup Enthusiast · 3 February 2026

What they do

OneStack builds SaaS infrastructure to turn cooperative banks and credit societies into modern digital neobanks

The company secured a Series A round co-led by Samved VC and Silicon Road Ventures with participation from other investors

OneStack aims to onboard 300 additional banks in 24 months and expand its SoundBox payment device to new regions by 2026

OneStack has secured a Series A funding round that is ongoing as of February 2026.
The total amount raised is approximately $4.24 million or ₹35.3 crore.
The round was co-led by Samved VC and Silicon Road Ventures.
Pentathlon Ventures, 100Unicorns, and Venture Catalysts participated in this investment round.
This brings OneStack's total capital raised to roughly $6.24 million including a previous $2 million raise in March 2025.
The company plans to use the funds to onboard 300 additional banks within the next 24 months.
OneStack intends to expand its SoundBox payment device support to more regional languages.
The startup aims to enter Southern and Eastern India markets through this geographic expansion.

OneStack targets the 1.1 lakh+ cooperative institutions that manage significant assets but rely on legacy systems.
The sector manages ₹24.5 lakh crore in assets indicating a large potential market for digital transformation.
Many existing cooperative banks lack modern digital infrastructure which OneStack aims to provide via its SaaS platform.
The goal to cross ₹1,000 crore UPI TVP by end 2026 shows aggressive growth expectations.

OneStack provides SaaS-based infrastructure for a full-stack digital experience for financial institutions.
It helps digitize cooperative banks and credit societies into modern neobanks.
The tech stack includes NPCI-integrated payments such as branded UPI, QR codes, and SoundBox devices.
It offers cloud-first Core Banking Solutions (CBS) and BBPS (Bharat Bill Payment System) capabilities.
The platform supports insurance, digital lending, and regulatory reporting tools for its clients.
OneStack currently partners with over 200 cooperative institutions across India.
The company processes an annual UPI Transaction Value (TVP) of over ₹750 crore.
OneStack was founded in 2019 and is headquartered in Gurugram.
Founders Amit Kapoor and Vishal Gupta lead the company's operations and strategy.

Samved VC (lead) — Investment firm co-leading the Series A round.
Silicon Road Ventures (lead) — Investment firm co-leading the Series A round.
Pentathlon Ventures (participated) — Venture capital firm participating in the funding round.
100Unicorns (participated) — Formerly known as 9Unicorns, it participated in the round.
Venture Catalysts (participated) — Investment entity participating in the funding round.

Product: SaaS-based digital banking infrastructure providing core banking, mobile banking, UPI and BBPS solutions
Customers: Cooperative banks, rural banks and credit societies modernizing operations
How it makes money: Technical Service Provider (TSP) and Application Service Provider (ASP)
What sets it apart: Serves cooperative banking segment with 20% market share in North and West India