What FPL Technologies does

FPL Technologies Pvt Ltd is an India-based fintech founded in 2019 that operates a dual B2B and B2C model built on a custom proprietary technology stack. On the consumer side, the company runs three mobile-first applications: OneCard, a mobile-first co-branded credit card platform with 2+ million users that provides access to bank-approved credit cards; OneScore, a credit score insights and personal loan platform with 50+ million users; and Wizely, a savings-related financial products platform covering digital gold and fixed deposits. On the enterprise side, FPL provides end-to-end product and customer lifecycle management technology for credit, payment, and savings products to leading banks and financial institutions, leveraging an in-house risk management suite and data analytics platform.

The underlying technology is a custom-built proprietary stack developed in-house, comprising a full-stack credit card platform, a proprietary risk management suite for credit evaluation and portfolio management, and an in-house data analytics platform for customer insights and product optimization. The proprietary credit scoring and lending model traces its origins to the founders' earlier Walnut personal finance app. The company is headquartered in Pune with 7 offices across India and a workforce of 1000+ people.

FPL generates revenue through multiple streams: interchange and card-related fees from co-branded credit card partnerships with banks (transaction fees), recurring B2B technology services to banks and financial institutions (subscription/recurring), freemium monetization on the OneScore platform with personal loan services, and transaction-fee revenue from the Wizely savings platform. The company is privately held and backed by institutional investors including Peak XV Partners, Hummingbird Ventures, QED Investors, and Z47. Its leadership team consists of former ICICI Bank executives with 18-20+ years of experience who were instrumental in launching products such as FASTag, UPI, iMobile, and Pockets Wallet.

Name

FPL Technologies

Legal name

FPL Technologies Pvt Ltd

Website

https://fplabs.tech

Company type

Private

Founded year

2019

Operating status

Operating

Short description

FPL Technologies is an India-based fintech operating dual B2B and B2C businesses on a proprietary technology stack. It serves consumers via OneCard (co-branded credit cards, 2M+ users), OneScore (credit scores and personal loans, 50M+ users), and Wizely (savings products), and serves banks with end-to-end lifecycle management technology for credit, payments, and savings.

Ownership category

akta.pro rank

Product category

Fintech Software Platform

NAICS

Credit Card Issuing (52221), Credit Bureaus (561450)

SIC

Personal Credit Institutions (6141), Services-Consumer Credit Reporting, Collection Agencies (7320)

akta.pro primary industry

BNPL Card / Virtual Card Programs (FSAKACAC)

akta.pro secondary industry

Corporate Cards & Spend Controls (FSAGAJAF)

Keywords

• Credit card platform
• Personal finance apps
• Fintech technology services
• Credit score monitoring
• Digital payment solutions

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices7 records

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. OneCard Co-branded Credit Cards: Revenue from co-branded credit card partnerships with banks. The company provides the technology platform while banks provide the credit card products, generating interchange fees and card-related revenue shared with partner banks.
2. B2B Technology Services: Providing end-to-end product and customer lifecycle management technology to leading banks and financial institutions for credit, payment and savings-related products.
3. OneScore Platform: Credit score insights and personal loan services through the OneScore app with 50+ million users
4. Wizely Savings Platform: Savings-related financial products platform

Go-to-market motion1 record

Distribution channels5 records

Marketing channels4 records

Core offering

FPL Technologies builds a custom proprietary technology stack, risk management suite, and data analytics platform that powers end-to-end product and customer lifecycle management for credit, payment, and savings products. The company offers consumer-facing mobile apps including OneCard (co-branded credit cards), OneScore (credit score insights and personal loans with 50+ million users), and Wizely (savings products), while licensing its technology platform to leading banks and financial institutions for B2B use.

Product overview

FPL Technologies operates a platform-plus-products architecture, offering a suite of financial products backed by a custom-built proprietary technology stack. The core consumer-facing products include OneCard (co-branded credit card app with 2+ million users), OneScore (credit score insights and personal loan platform with 50+ million users), and Wizely (savings-related financial products). The company also provides an integrated suite of financial solutions including credit cards, personal loans, fixed deposits, and digital gold, all powered by its in-house risk management suite and data analytics platform.

Differentiator

Problem solved

Functional benefit

Brands

• OneCard: Flagship mobile app offering users access to various bank-approved co-branded credit cards. Powers mobile-first credit card with 2+ million users.
• OneScore
• Wizely

Products and services

• OneCard App Mobile-first credit card application offering users access to various bank-approved co-branded credit cards with integrated management features; serves individual consumers in India.
• OneScore Credit score insights and personal loan application platform with 50+ million users providing credit monitoring and personal loan access for individual consumers.
• Wizely Savings-related financial products platform enabling individual consumers to access savings instruments such as digital gold and fixed deposits, along with financial planning tools.
• FPL Technology Stack (B2B Platform) End-to-end product and customer lifecycle management technology stack delivered to leading banks and financial institutions for credit, payment, and savings-related products, including risk management and data analytics capabilities.

Quantifiable outcome

• 2+ million users on OneCard mobile-first credit card platform
• +1 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• Partner BankscoreChannel Partner/ Reseller/ DistributorLeading banks partner with FPL Technologies for co-branded credit card offerings. FPL provides the technology platform while banks provide the credit products, enabling access to various bank-approved co-branded credit cards through the OneCard app.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• CIBIL (TransUnion CIBIL): India's primary credit bureau, providing credit reports and scores — directly comparable to OneScore's credit-insight proposition but as the licensed incumbent.
• Visa Inc. Global card network whose rails power the co-branded credit cards distributed through the OneCard app; key infrastructure counterparty and broad industry incumbent framing FPL's distribution channel.
• Pine Labs: Established Indian payments and merchant platform that has expanded into consumer credit and gift-card offerings; broader fintech incumbent with overlapping bank-relationships and merchant data.

Emerging players

• Liquiloans (RupeeRedee, Bharatloan): Indian peer-to-peer and consumer digital lending platforms serving similar retail credit customers; overlapping on personal-loan distribution and risk-based pricing.

Direct peers

• Marqeta: US-listed card-issuing and processing platform powering modern fintech card programs; highly relevant for FPL's B2B technology-stack business serving partner banks.
• Uni Cards: Mobile-first credit card platform in India offering co-branded Visa/Mastercard cards via partner banks; closest head-to-head comparison to OneCard on product mechanics and target user.
• CRED: India's flagship mobile-first credit card rewards and bill-pay platform with 30M+ users, directly competing with OneCard for premium credit cardholders and using card-linked distribution.
• Slice (now merged into Zyfin): Indian mobile-first credit card and consumer lending platform targeting young professionals; directly comparable on product, customer cohort, and bank-issued card model.
• KreditBee: Indian digital lending platform offering personal loans and credit-line products; competes on the personal loan side of FPL's portfolio alongside OneScore/OneCard.
• Jupiter (by Force10): India consumer neobank offering credit cards (Jupiter Edge), savings, and personal loans backed by partner banks — competing on the same B2B2C co-branded card proposition.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about FPL Technologies