OneCard, a mobile-first credit card company, raised $100 million in a series D round of funding backed by Temasek, making it the 104th unicorn in India. India has created more than 20 financial unicorns so far in 2022, including OneCard, Open, Oxyzo, and Yubi (formerly CredAvenue). Existing investors including QED, Sequoia Capital, and Hummigbird Ventures also made investments in OneCard‘s most recent round, which is owned by FPL Technologies of Pune.
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