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Indian fintech OneCard tops $1.4 billion valuation in fresh funding



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FPL Technologies, an Indian startup that offers credit cards to customers under the brand name OneCard, is the latest in the South Asian market to join the unicorn club following a new round of funding.
Singapore’s Temasek, one of the world’s largest investors, led the Pune-headquartered startup’s Series D round of over $100 million, OneCard disclosed in a filing to the local regulator. The new round values OneCard at over $1.4 billion (post-money), up from about $750 million in January this year, a source familiar with the matter told TechCrunch.
Existing backers QED, Sequoia Capital India and Hummingbird Ventures were among those who participated in the new round, …

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