India, March 27 -- Mumbai-based fintech platform OneStack has secured $2 Mn (around INR 17 Cr) in a Series A funding round led by Pentathlon Ventures.

The round also saw participation from Yatra Angel Network, along with existing investors 100Unicorns and Venture Catalysts.

The startup plans to use the fresh capital to expand into southern and eastern pockets of the country. It also targets an additional 200 banks to achieve a pan-India market share of 20%.

It further seeks to deploy its core banking system solution such as unified payment interface (UPI), and enable Bharat Bill Payment System (BBPS) switch, which centralises bill payments, for various services in the country.

Founded in 2019 by Amit Kapoor and Vishal Gupta, OneStack ...