 "money, cash, investment, stocks, tax, funds, investors, investment, shares, lenders, lending, loans, funding")
OneCard, a mobile-first credit card firm, became the 104th unicorn in India after it raised $100 million in a series D round of funding led by Temasek.
In 2022 so far, India has produced more than 20 fintech unicorns, which includes OneCard, Open, Oxyzo, and Yubi (formerly CredAvenue).
The latest round by OneCard, owned by Pune-based FPL Technologies, also saw investment from existing investors such as QED, Sequoia Capital, and Hummigbird Ventures.
The fundraise comes days after the Reserve Bank of India (RBI) cracked its whip on non-banking-led credit lines via prepaid payment instruments (PPIs).
Temasek India confirmed the
