OneCard Raises $10 Million In Funding Led By QED Fund
OneCard, a mobile-first credit card owned by FPL Technologies, has raised $10 million in its extended Series B funding round, making it the second fund infusion in the Pune-based company in the past two months.
With this latest round of funding, OneCard has garnered $35 million in the Series B financing round.
OneCard is owned by FPL Technologies, a Pune-based fintech startup. Started by Vaibhav Hathi, Rupesh Kumar and Anurag Sinha, OneCard offers first-time credit card users a virtual as well a physical card to build a credit score.
The card allows users to control all aspects of the OneCard from an app, including features like locking the card, enabling domestic and international transaction, enabling offline and online tractions and paying the bill.
As per the company’s website, it also offers an EMI facility for purchases of Rs 3,000 and above at an interest rate of 1.33% with a repayment tenure of 3-24 months.
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