OneCard’s parent FPL Technologies closed its Series D funding round of over $102 million led by Singapore-based Temasek Holdings (via MacRitchie Investments).
Mobile-first credit card startup OneCard has entered in unicorn club with over $102 million in Series D rounds from existing and new investors. This is the second round of funding for the firm in the past seven months.
OneCard has become the 104th unicorn of India and 19th in the ongoing calendar year (2022). The company also turned out to be the second unicorn in the credit card challenger space after Slice.
Temasek invested around Rs 375 crore ($48 million as per dollar rates on Wednesday). Matrix Partners, QED Investors, Hummingbird Ventures, Sequoia Capital, and Sarv Investments also participated in this round, as per regulatory filings assessed by Moneycontrol.