OneStack, an startup focused on digitising India’s cooperative banking ecosystem, raises funding

OneStack, a fintech startup focused on digitising India’s cooperative banking ecosystem, has raised undisclosed amount in an 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.

Founded in 2019 by Amit Kapoor and Vishal Gupta, OneStack provides a SaaS-based digital banking infrastructure platform tailored for cooperative banks and credit societies. The startup claims that it currently works with over 200 cooperative institutions across India and aims to expand its presence to 500 banks over the next two years.

It will deploy the raised capital to enhance its 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.

The startup also claims that it processes over Rs 750 crore in annual UPI transaction value and is targeting Rs 1,000 crore by year-end. 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.

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, added, “The team’s understanding of cooperative banking workflows and regulatory requirements positions OneStack well for adoption at scale.”

OneStack plans to expand into additional states, accelerate core banking deployments, and deepen integrations across payments, billing and regulatory reporting.