Indian Fintech FPL Technologies Raises $75 Million Series C to Scale…

Team S · 2026-05-13T14:52:50.000Z

🇮🇳 Pune-based fintech startup FPL Technologies has raised $75 million in a Series C funding round led by existing investor Peak XV Partners, with participation from Temasek, Matrix Partners India, and Prosus Ventures. The latest funding comes as the company accelerates expansion of its OneCard credit platform and strengthens its position within India’s rapidly growing digital credit ecosystem. Founded in 2019 by Rajeev Ahuja, Anurag Sinha, and Gaurav Chopra, FPL Technologies operates OneCard, a mobile-first credit card and consumer finance platform that combines digital onboarding, rewards, expense management, and lending services into a unified app experience. The company has emerged as one of India’s most prominent fintech players focused on younger digitally native consumers seeking app-centric banking and credit products. The company plans to use the fresh capital to expand product offerings, strengthen technology infrastructure, scale distribution, and deepen partnerships across banking and financial institutions. FPL Technologies is also investing heavily in artificial intelligence, underwriting systems, fraud prevention, and customer engagement capabilities as competition intensifies across India’s fintech sector. OneCard has gained significant traction in India’s premium consumer fintech market by offering metal credit cards, real-time spend controls, instant rewards systems, and app-based financial management tools. The startup has partnered with multiple banks and financial institutions to issue co-branded cards while maintaining a technology-first user experience layer. The funding reflects continued investor confidence in India’s digital lending and consumer fintech ecosystem despite tighter regulatory scrutiny in recent years. With rising smartphone penetration, UPI adoption, and demand for digital financial services, fintech infrastructure companies focused on consumer credit and embedded finance continue attracting major institutional capital.

Member Login Get Access

Indian Fintech FPL Technologies Raises $75 Million Series C to Scale… | Newnex