Fintech infrastructure provider OneStack has raised ₹12.5 crore from Shepherd’s Hill, with participation from existing investors Pentathlon Ventures and AVNM Ventures. The company plans to expand its banking, payments and compliance technology offerings.
OneStack, a fintech infrastructure company serving cooperative banks and other financial institutions, has raised ₹12.5 crore in a funding round led by Shepherd’s Hill, alongside existing investors Pentathlon Ventures and AVNM Ventures.
The company says cooperative banks using its platform are live as UPI issuers and acquirers directly with the National Payments Corporation of India, operating under their own bank handles. This model is intended to help participating banks issue UPI IDs, onboard merchants and maintain more direct control over customer relationships and transaction data.
OneStack plans to use the fresh capital to expand its presence among cooperative banks and NBFCs and to develop products across payments, core banking and regulatory compliance. Its platform offerings include mobile banking, UPI issuing and merchant acquiring, QR payments, debit card management and core banking technology.
The company has said it serves more than 200 banks. These operating figures and platform capabilities are company-reported.
Media source — The Economic Times, 4 November 2026: Read original report / announcement
Additional source — Entrepreneur India, 6 November 2026: Read original report / announcement
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