OneCard

OneCard, run by FPL Technologies (OneConsumer Services Pvt Ltd), sells a lifetime-free metal credit card with 5X rewards on top spend categories and an app to control it. It also offers UPI payments. Customers are Indian retail consumers, and the cards are issued by partner banks including Federal Bank, CSB Bank, SBM Bank, BOBCARD, South Indian Bank and Indian Bank. The company earns from interchange, interest and fees. It was founded in 2019 and has raised about $262M, including a $28.5M round in Nov 2024 at a ~$1.37B valuation. Entrackr reported FY25 revenue of ₹1,878 Cr in Dec 2025.