FPL Technologies
FPL Technologies operates OneScore, a free credit score monitoring app with 35M+ users, and OneCard, a mobile-first premium metal credit card issued via bank partnerships, serving credit-conscious Indian consumers across the full credit lifecycle.
- Company typePrivate
- Founded2019
- HeadquartersPune, India
- Headcount501–1,000
- GTM typeB2C
- OfferingSoftware
What FPL Technologies does
FPL Technologies is a Pune-based, India-focused consumer fintech founded in 2019 that operates two complementary products across the credit lifecycle. OneScore is a free mobile application integrating CIBIL and Experian bureau data to deliver dual-bureau credit scores, credit reports, payment history tracking, and an AI-driven Score Planner that generates personalized credit-improvement steps; the platform claims over 35 million registered users. OneCard is a mobile-first premium metal credit card issued through co-branded partnerships with banks (including Bajaj Finserv RBL Bank SuperCard), featuring virtual and physical card options with EMI facilities initially rolled out across 12 Indian cities.
The underlying technology stack combines bureau API integrations, an AI-powered scoring analytics layer, and a digital lending aggregator (DLA) that routes personal loan applications to six partner lenders — Federal Bank, South Indian Bank, Kisetsu Saison Finance, Piramal Finance, INCRED Financial Services, and SMFG India Credit Company. The go-to-market is product-led: OneScore functions as a freemium top-of-funnel acquisition channel via app store listings and SEO-driven personal finance content, with OneCard and personal loan referrals monetizing the engaged user base. The business model is driven by credit card interchange fees (primary), EMI and financial services revenue, and lending partner referral commissions on the DLA.
The company is venture-backed by Temasek Holdings (lead, Series D, July 2022), QED Investors (most consistent institutional backer across multiple rounds), Peak XV, Z47, and Better Tomorrow Ventures, with debt financing from Alteria Capital. It reached unicorn status at a $1.4 billion valuation following the Series D round and reported FY25 revenue of ₹1,878 crore with a 26% year-over-year reduction in losses. In December 2025, the Reserve Bank of India directed all OneCard partner banks to halt new credit card issuance pending resolution of data-sharing and compliance concerns, creating a material regulatory overhang on the company's primary monetization engine.
FPL Technologies firmographics
Firmographics- Name
- FPL Technologies
- Legal name
- FPL Consumer Services Private Limited
- Website
- https://onescore.app
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- FPL Technologies operates OneScore, a free credit score monitoring app with 35M+ users, and OneCard, a mobile-first premium metal credit card issued via bank partnerships, serving credit-conscious Indian consumers across the full credit lifecycle.
- Ownership category
- akta.pro rank
FPL Technologies industry classification
Industry- Product category
- Consumer Fintech / Mobile Credit Cards
- NAICS
- Credit Card Issuing (522210), Credit Card Issuing (52221), Activities Related to Credit Intermediation (5223)
- SIC
- Personal Credit Institutions (6141)
- akta.pro primary industry
- Virtual / Digital-First Credit Cards (FSAKABAK)
- akta.pro secondary industries
- Card Issuing & Program Management Platforms (BPAMAFAH), Embedded Lending & Credit (POS, Working Capital, Credit Lines) (FSAGALAD), Credit Score Monitoring & Credit Building (FSAGADAE), Issuer/Network-Led Installments (Card-Based Pay-Over-Time) (FSAGAIAB)
Keywords
Where FPL Technologies is headquartered
LocationHeadquarters
- HQ city
- Pune
- HQ country
- India
- HQ region
- Asia
Offices1 record
Markets served
FPL Technologies business model
Business model- GTM type
- B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Marketing or Sales, Personnel, Operations, Infrastructure
Revenue model
- Credit Card Interchange Fees: OneCard earns interchange fees every time a cardholder uses the co-branded credit card for transactions. This is the primary revenue driver for the core OneCard product.
- Lending Partner Referrals: OneScore acts as a Digital Lending Aggregator (DLA) referring personal loan applicants to partner lenders (Federal Bank, South Indian Bank, Kisetsu Saison Finance, Piramal Finance, INCRED, SMFG India Credit). Revenue is generated through referral fees or commission on successfully originated loans.
- EMI and Financial Services Revenue: Revenue from EMI (Equated Monthly Installment) facilities offered on the credit card, generating interest income on installment conversions.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Monthly | Free credit score and report access via OneScore app |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels5 records
FPL Technologies product offering
Product offeringCore offering
FPL Technologies builds and operates a mobile-first consumer credit platform consisting of OneScore, a free credit score and report monitoring app integrating CIBIL and Experian data with AI-driven improvement insights, and OneCard, a co-branded premium metal credit card issued through partner banks with EMI facilities. It also operates a Digital Lending Aggregator (DLA) that refers personal-loan applicants to six lending partners.
Product overview
FPL Technologies operates a dual-product fintech platform consisting of OneCard (a mobile-first credit card available as both virtual and physical premium metal cards) and OneScore (a free credit score monitoring application that provides access to CIBIL and Experian credit scores along with personalized improvement insights). The company also offers a personal loan marketplace through its OneScore platform, connecting users with multiple lending bank partners. The product ecosystem is designed to serve the full credit lifecycle—from credit building and monitoring to card usage and loan access—with a focus on India's growing digital credit market.
Differentiator
Problem solved
Functional benefit
Products and services
- OneScore OneScore is a free mobile application that provides Indian consumers with their CIBIL and Experian credit scores, lifetime free credit reports, payment history tracking, an AI-powered Score Planner with personalized improvement steps, a "Find Out Why Score Changed" analysis, and EMI calculators for personal, home, and auto loans. It is aimed at credit-conscious Indian consumers who want to understand and improve their creditworthiness.
- OneCard OneCard is a mobile-first credit card offered in partnership with banks (e.g., Bajaj Finserv RBL Bank SuperCard), providing virtual and physical premium metal card options along with EMI facilities at point of sale and balance conversions. It is targeted at Indian consumers, particularly high-value customers seeking a differentiated, status-oriented premium card experience.
- OneScore Personal Loans (Digital Lending Aggregator) OneScore Personal Loans is a Digital Lending Aggregator (DLA) service inside the OneScore app that connects Indian consumers seeking personal loans with multiple lending partners (Federal Bank, South Indian Bank, Kisetsu Saison Finance, Piramal Finance, INCRED, SMFG India Credit), facilitating eligibility checks, document submission, and loan disbursement. It is aimed at personal loan applicants looking for a unified comparison and origination experience.
Quantifiable outcome
- FY25 revenue of ₹1,878 crore with 26% reduction in losses
- +2 more outcomes
Companies that use FPL Technologies
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles3 records
FPL Technologies technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration8 records
AI capability1 record
Feature5 records
FPL Technologies partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core and secondary.
- Transunion CIBIL LimitedcoreOneScore is powered by credit data from CIBIL. The platform integrates CIBIL credit scores and reports, enabling users to check their CIBIL score for free. Grievance escalation for CIBIL-related credit report concerns is directed to CIBIL's official channels.
- Experian Credit Information Company of India Private LimitedcoreOneScore provides free Experian credit scores alongside CIBIL scores, giving users a dual-bureau view of their creditworthiness. Experian is a primary data partner for the OneScore credit monitoring platform.
- Federal BankcoreFederal Bank is a lending partner for OneScore's personal loan digital lending aggregator. OneScore refers personal loan applicants to Federal Bank. Grievance redressal is coordinated between Federal Bank's GRO (Mr. Nikhil A) and OneScore's GRO (Ketan Kulkarni).
- South Indian BanksecondarySouth Indian Bank is listed as a personal loan lending partner on OneScore's platform. OneScore refers personal loan seekers to South Indian Bank.
- Kisetsu Saison Finance (India) Private LimitedsecondaryKisetsu Saison Finance is a lending partner on OneScore's personal loan referral platform. OneScore facilitates personal loan applications for the NBFC partner.
- Piramal Finance LimitedsecondaryPiramal Finance is a lending partner on OneScore's digital lending aggregator platform, offering personal loans to referred customers.
- INCRED Financial Services LimitedsecondaryINCRED (Incred Financial Services Limited) is a lending partner on OneScore's platform. OneScore refers personal loan applicants to INCRED. Grievance escalation coordinates between INCRED's GRO and OneScore's GRO.
- SMFG India Credit Company LtdsecondarySMFG India Credit Company is listed as a lending partner on OneScore's personal loan referral platform.
Scale indicators6 records
Recent moves6 records
Expansion highlights5 records
FPL Technologies competitors and assessment
Company assessmentDirect peers
- Slice: Slice is a direct competitor to OneCard, offering mobile-first credit cards and BNPL-style products targeted at young Indian consumers. Both compete for the same premium digital credit card segment explicitly cited by FPL as its primary competitive arena.
- Uni Cards: Uni Cards is a direct competitor in India's mobile-first credit card space, partnering with banks to issue co-branded cards to young professionals. Like OneCard, Uni emphasizes app-based onboarding and premium card experiences.
- KreditBee: KreditBee is an India-focused digital lending platform offering personal loans and credit products to young consumers. It overlaps with OneScore's Digital Lending Aggregator model and competes for similar credit-hungry consumers.
- CreditMantri: CreditMantri is a credit score monitoring and improvement platform in India. It directly competes with OneScore on free credit score access, report analysis, and credit health improvement tools.
- Paisabazaar: Paisabazaar (Policybazaar group) operates as a credit marketplace connecting Indian consumers to lending partners. It overlaps with OneScore's Digital Lending Aggregator model and credit product comparison offerings.
Emerging players
- Jupiter (Federal Bank-backed neobank): Jupiter is a mobile-first neobank in India offering credit cards and personal finance tools. It overlaps with FPL on the consumer credit and personal finance management front, though with broader banking features.
- LazyPay: LazyPay (by PayU) offers BNPL and short-term credit products to Indian consumers via partner merchants and apps. It intersects with OneCard's EMI/pay-over-time features and competes for similar digital-first credit users.
- MoneyTap: MoneyTap offers app-based personal credit lines and loans in India. It competes with OneScore's personal loan referral business and addresses a similar consumer credit-underserved segment.
- PaySense (by Lendingkart): PaySense / Lendingkart provides app-based personal loans and digital credit to Indian consumers and SMBs. It overlaps with OneScore's loan referral business and shares the same digital-first consumer credit positioning.
Broad incumbents
- CRED: CRED is an established Indian fintech platform rewarding credit card bill payments and offering premium credit card experiences to high-credit-score users. It competes with OneCard's premium card positioning and OneScore's credit-conscious user base, but operates at greater scale.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
FPL Technologies social profiles
Digital presenceFPL Technologies financial estimates
Financial estimateRevenue estimate
Valuation estimate
FPL Technologies leadership team
Management profileNumber of profiles
Profiles4 records
FPL Technologies funding detail
Funding detailFunding overview
Funding rounds8 records
Investors15 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
FPL Technologies M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about FPL Technologies
What does FPL Technologies do?
FPL Technologies builds and operates a mobile-first consumer credit platform consisting of OneScore, a free credit score and report monitoring app integrating CIBIL and Experian data with AI-driven improvement insights, and OneCard, a co-branded premium metal credit card issued through partner banks with EMI facilities. It also operates a Digital Lending Aggregator (DLA) that refers personal-loan applicants to six lending partners.
Is FPL Technologies a public or private company?
FPL Technologies is a private company. It is classified as venture growth investor backed and is currently operating.
When was FPL Technologies founded?
FPL Technologies was founded in 2019. It employs 501 to 1,000 people.
Where is FPL Technologies based?
FPL Technologies is headquartered in Pune, India, in the Asia region.
How does FPL Technologies make money?
Three revenue lines are on record. Credit Card Interchange Fees are the primary driver. The others are lending Partner Referrals and EMI and Financial Services Revenue.
Who are FPL Technologies's main competitors?
Direct peers on record are Slice, Uni Cards, KreditBee, CreditMantri and Paisabazaar. Emerging players are Jupiter (Federal Bank-backed neobank), LazyPay, MoneyTap and PaySense (by Lendingkart). CRED is listed as a broad incumbent.
Does FPL Technologies have an API?
No public API is recorded for FPL Technologies.
What industry is FPL Technologies in?
FPL Technologies's product category is Consumer Fintech / Mobile Credit Cards. Its primary akta.pro industry code is FSAKABAK, Virtual / Digital-First Credit Cards, with a secondary code of BPAMAFAH, Card Issuing & Program Management Platforms. Its NAICS code is 522210 and its SIC code is 6141.