OneStack, a fintech company focused on digitising India’s cooperative banking ecosystem, has raised undisclosed capital in its ongoing Series A funding round led by Samved VC and Silicon Road Ventures.
The round also saw participation from existing investors Pentathlon Ventures, 100Unicorns and Venture Catalysts, along with interest from select global investors.
The fresh capital will be deployed to enhance OneStack’s end-to-end digital banking platform, including mobile banking applications, UPI and QR-based payments, SoundBox integrations, BBPS services, and cooperative-focused core banking solutions.
OneStack had previously raised $2 million in March 2025, led by Pentathlon Ventures. With this round, the company’s total funding to date stands at approximately $4.24 million.
Founded in 2019 by Amit Kapoor and Vishal Gupta, OneStack offers a SaaS-based digital banking infrastructure platform specifically designed for cooperative banks and credit societies. The company currently works with over 200 cooperative institutions across India and aims to expand its presence to 500 banks over the next two years.
The company processes over ₹750 crore in annual UPI transaction value and is targeting ₹1,000 crore by year-end.
OneStack plans to expand into additional states, accelerate core banking deployments, and deepen integrations across payments, billing and regulatory reporting.
Amit Kapoor, Co-founder, OneStack, said, “Regulatory expectations around digital infrastructure and governance have risen significantly. Cooperative banks are increasingly seeking modern, compliant solutions that can be deployed efficiently.”
Amit Srivastava, Managing Partner at Samved VC, said, “OneStack has built a scalable and compliant SaaS platform designed specifically for cooperative banks.”
Sid Mookerji, Managing Partner at Silicon Road Ventures, said, “The team’s understanding of cooperative banking workflows and regulatory requirements positions OneStack well for adoption at scale.”
