What is OneCard?
OneCard operates a mobile-first credit card platform designed to offer consumers greater control and flexibility over their transactions. Partnering with established banks, OneCard provides credit cards that eliminate joining and annual fees, coupled with personalized rewards and accessible loan options. The company's strategy centers on a user-friendly digital experience, aiming to disrupt traditional credit card markets by prioritizing customer needs and offering a modern, fee-free alternative.
How much funding has OneCard raised?
OneCard has raised a total of $239M across 4 funding rounds:
Series B
$35M
Series C
$75M
Series D
$100M
Other Financing Round
$29M
Series B (2021): $35M with participation from QED Fund and Ocean View Investors
Series C (2021): $75M, investors not publicly disclosed
Series D (2022): $100M supported by Sequoia Capital India, Singapore’s Temasek, and Hummingbird Ventures
Other Financing Round (2024): $29M featuring Peak Ventures and Better Tomorrow Ventures
Key Investors in OneCard
Peak Ventures
Peak Ventures is a rapidly-growing digital customer acquisition and monetization platform, fueling advertiser growth at scale across consumer verticals. The company is a passionate group of growth marketers, data engineers, and product developers who excel in machine learning, data modeling, and customer acquisition. The company is changing the advertising status quo by enabling smarter data-driven decisions through AI.
Better Tomorrow Ventures
Better Tomorrow Ventures is a financial technology firm focused on building and investing in startups to create a better future. They specialize in supporting early-stage companies by providing hands-on assistance in areas such as hiring, company culture, distribution, and fundraising. Their extensive network and expertise in fintech make them valuable partners for founders looking to navigate the challenges of building successful businesses. BTV aims to be an integral part of their clients' teams, offering more than just capital to help them thrive.
Ocean View Investors
Ocean View Investors LLC commenced operations nearly a quarter of a century ago with its first activity commencing in October, 1987. Ocean View Investors LLC is a diversified investment holding company with operations covering a broad spectrum of activities including financial services, oil and gas, real estate development, telecommunications, trading and services. ith a paid up capital of BHD 7 billion with interests in real estate, construction, oil & gas,Health sector,Manufacturing, trading & services, finance, Ocean View Investors LLC has over the years contributed positively and constructively to the development of the nation. Established in 1987, the Investment has diversified itself to form individual subsidiaries each operating independently and specializing in their field of expertise. Model Girl 2
What's next for OneCard?
The recent major strategic investment in OneCard signals a pivotal moment for the company, likely enabling accelerated expansion of its product offerings and market reach. With a substantial total funding of $239M, OneCard is well-positioned to enhance its technological infrastructure, scale its customer acquisition efforts, and potentially explore new financial service verticals. This capital infusion is expected to fuel further innovation in personalized rewards and flexible credit solutions, solidifying its competitive edge in the rapidly evolving fintech landscape.
See full OneCard company page
