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OneCard Reviews

Pune, Maharashtra

—/ 5

0 reviews

OneCard, legally operated through FPL Technologies Private Limited, is a prominent mobile-first fintech company that has reimagined the credit card experience for the digital-native generation in India. Founded in December 2018 by fintech veterans Anurag Sinha, Rupesh Kumar, and Vibhav Hathi, the company is headquartered in Pune, Maharashtra, with additional offices in Mumbai, Delhi, and Bengaluru. OneCard was established to address the gaps in the traditional Indian consumer finance market by offering a transparent, user-friendly, and highly technologically advanced alternative to legacy credit systems. The core offering of OneCard centers on its proprietary full-stack technology platform, which delivers an intuitive mobile application paired with a premium, 16-gram metal credit card. Built on the principles of simplicity and consumer empowerment, the card features lifetime-free membership with zero joining, annual, or reward redemption fees. Through the OneCard app, users maintain real-time control over their accounts, enabling them to manage transaction limits, toggle domestic or international use, restrict online or offline spend, and handle contactless payments seamlessly. The platform also offers advanced financial features, including instant virtual card activation, flexible installment conversions, and a non-expiring fractional reward program providing 5X points on top spending categories. Operating under a co-branded model, OneCard partners with prominent Reserve Bank of India (RBI)-approved banking institutions to facilitate card issuance. Its strategic banking partners include Federal Bank, South Indian Bank, CSB Bank, Indian Bank, BOBCARD, and SBM Bank. Beyond its core credit product, FPL Technologies expands its value-added ecosystem through complementary platforms like OneScore, a dedicated tool for credit score monitoring, and has enhanced its portfolio following the acquisition of financial software startup Wizely. For individuals looking to build their credit history, the platform also offers fixed deposit (FD)-backed credit cards. Financially, OneCard is backed by premier global investors, including QED Investors, Peak XV Partners, Matrix Partners, Temasek Holdings, and Alteria Capital. The company achieved unicorn status in 2022 following a $100 million Series D funding round, with its total funding surpassing $262 million and its valuation reaching approximately $1.37 billion. Led by Co-Founder and CEO Anurag Sinha, OneCard employs a massive workforce and serves millions of users across India. Emphasizing data privacy and security, the company maintains ISO/IEC 27001 and PCI-DSS compliance, cementing its position as a highly secure, cutting-edge disruptor in the Indian financial sector.