{"id":6895,"date":"2023-07-12T18:42:29","date_gmt":"2023-07-12T13:12:29","guid":{"rendered":"https:\/\/bscrackers.com\/?p=6895"},"modified":"2023-07-12T18:42:29","modified_gmt":"2023-07-12T13:12:29","slug":"credit-societies-onestack-secures-2-million-funding-to-empower-cooperative-banks-and-credit-societies-in-india","status":"publish","type":"post","link":"https:\/\/bscrackers.com\/?p=6895","title":{"rendered":"Credit Societies: OneStack secures $2 million funding to empower cooperative banks and credit societies in India&#8221;"},"content":{"rendered":"<p> [ad_1]<br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/static.toiimg.com\/photo\/msid-101701081,imgsize-27357.cms\" \/><\/p>\n<div>OneStack<!-- --> has successfully raised $2 million in its latest <!-- -->funding round<!-- --> to empower <!-- -->cooperative banks and credit societies<!-- --> across the country. The investment comes from a diverse group of investors including <!-- -->growX<!-- -->, Stride, 9Unicorns, Venture Catalyst, and existing investors. This funding is expected to drive OneStack&#8217;s growth, expand its team, foster innovation and establish nationwide offices.<br \/>OneStack has set an ambitious goal to digitise over 1,000 <!-- -->cooperative banks<!-- --> and <!-- -->credit societies<!-- --> this year, a significant milestone in their mission to transform these financial institutions. OneStack aims to enable cooperative banks and credit societies to better serve their customers and bridge the technology gap.<br \/>&#8220;We are thrilled to have the support of our investors as we embark on this exciting phase of growth,&#8221; said Amit Kapoor, Founder and CEO of OneStack. &#8220;This infusion of funds does more than merely enable us to augment our product suite and broaden our footprint across India; it propels our growth journey at an accelerated pace. With these additional resources, we are on the cusp of a revolution, empowering cooperative banks and credit societies to stand their ground in this digital epoch. <br \/><span class=\"strong\">OneStack introduces OneCBS<\/span><br \/>OneStack has introduced OneCBS (Core Banking Solution), a cloud-based platform with integrated mobile applications and switch connectivities. This solution aims to streamline operations, enhance customer experiences and enable data-driven decision-making for banks and societies. Additionally, OneStack is launching SoundBox, a branded merchant ecosystem solution, enabling these institutions to offer seamless digital payment services to their merchants and compete with leading fintech players in India.<br \/>&#8220;OneStack is the vanguard in the cooperative banking sector, smashing through the digital divide and equipping banks and societies to fulfill the needs of today&#8217;s digital-native customers,&#8221; stated Manu Rikhye, Partner at growX. &#8220;Their trailblazing solutions will not only retain existing customers but also attract new ones, driving financial inclusion and growth.&#8221;<\/div>\n<p><script>!(function(f, b, e, v, n, t, s) {\n    function loadFBEvents(isFBCampaignActive) \n      if (!isFBCampaignActive) \n        return;<\/p>\n<p>      (function(f, b, e, v, n, t, s) \n        if (f.fbq) return;\n        n = f.fbq = function() \n          n.callMethod ? n.callMethod(...arguments) : n.queue.push(arguments);\n        ;\n        if (!f._fbq) f._fbq = n;\n        n.push = n;\n        n.loaded = !0;\n        n.version = '2.0';\n        n.queue = [];\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      )(f, b, e, 'https:\/\/connect.facebook.net\/en_US\/fbevents.js', n, t, s);\n      fbq('init', '593671331875494');\n      fbq('track', 'PageView');\n    ;<\/p>\n<p>    function loadGtagEvents(isGoogleCampaignActive) \n      if (!isGoogleCampaignActive) \n        return;<\/p>\n<p>      var id = document.getElementById('toi-plus-google-campaign');\n      if (id) \n        return;<\/p>\n<p>      (function(f, b, e, v, n, t, s) \n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        t.id = 'toi-plus-google-campaign';\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      )(f, b, e, 'https:\/\/www.googletagmanager.com\/gtag\/js?id=AW-877820074', n, t, s);\n    ;<\/p>\n<p>    window.TimesApps = window.TimesApps || ;\n    var TimesApps = window.TimesApps;\n    TimesApps.toiPlusEvents = function(config) \n      var isConfigAvailable = \"toiplus_site_settings\" in f && \"isFBCampaignActive\" in f.toiplus_site_settings && \"isGoogleCampaignActive\" in f.toiplus_site_settings;\n      var isPrimeUser = window.isPrime;\n      if (isConfigAvailable && !isPrimeUser) \n        loadGtagEvents(f.toiplus_site_settings.isGoogleCampaignActive);\n        loadFBEvents(f.toiplus_site_settings.isFBCampaignActive);\n       else \n        var JarvisUrl=\"https:\/\/jarvis.indiatimes.com\/v1\/feeds\/toi_plus\/site_settings\/643526e21443833f0c454615?db_env=published\";\n        window.getFromClient(JarvisUrl, function(config)\n          if (config) \n            loadGtagEvents(config?.isGoogleCampaignActive);\n            loadFBEvents(config?.isFBCampaignActive);<\/p>\n<p>        )<\/p>\n<p>    ;\n  })(\n    window,\n    document,\n    'script',\n  );<\/script><br \/>\n<br \/>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/timesofindia.indiatimes.com\/gadgets-news\/onestack-secures-2-million-funding-to-empower-cooperative-banks-and-credit-societies-in-india\/articleshow\/101701081.cms\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] OneStack has successfully raised $2 million in its latest funding round to empower cooperative banks and credit societies across the country. The investment comes from a diverse group of investors including growX, Stride, 9Unicorns, Venture Catalyst, and existing investors. This funding is expected to drive OneStack&#8217;s growth, expand its team, foster innovation and establish &#8230; <a title=\"Credit Societies: OneStack secures $2 million funding to empower cooperative banks and credit societies in India&#8221;\" class=\"read-more\" href=\"https:\/\/bscrackers.com\/?p=6895\" aria-label=\"Read more about Credit Societies: OneStack secures $2 million funding to empower cooperative banks and credit societies in India&#8221;\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":6896,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[107],"tags":[],"class_list":["post-6895","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tech"],"_links":{"self":[{"href":"https:\/\/bscrackers.com\/index.php?rest_route=\/wp\/v2\/posts\/6895","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bscrackers.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bscrackers.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bscrackers.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bscrackers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6895"}],"version-history":[{"count":0,"href":"https:\/\/bscrackers.com\/index.php?rest_route=\/wp\/v2\/posts\/6895\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bscrackers.com\/index.php?rest_route=\/wp\/v2\/media\/6896"}],"wp:attachment":[{"href":"https:\/\/bscrackers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6895"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bscrackers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6895"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bscrackers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6895"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}