OneCard raised $75 million in a new funding round
OneCard, a mobile-first credit card company, has raised $75 million in a new round led by existing investor QED Fund. In 2021, the Pune-based company raised $35 million in two tranches in its Series B round led by Sequoia and QED Fund. According to regulatory filings, OneCard’s parent company, FPL Technologies, has approved the allotment of 238 equity shares and 3,26,663 Series C preference shares at an issue price of Rs 17,285.3 per share in order to raise Rs 565.05 crore or $75 million. QED Fund led the round with…