OneCard raises $100 million in Series D, becomes unicorn

Oluwajuwonlo Afolabi -

OneCard, the India-based startup offering card to customers and operated by FPL Technologies has raised over $100 million in its Series D round and has now become unicorn at a $1.4 billion valuation.

  • Founded in 2019, OneCard is a credit card and loan offering startup that recently added OneScore to its offerings to enable consumers to monitor and improve their credit scores.
  • The startup has now raised $225 million since it launched.
  • It has gained over 250,000 customers with $60 million monthly spending with its card, it claims.
  • Temasek led the round with participation from QED, Sequoia Capital India, and Hummingbird Ventures.