Glory Technology Group is acquiring a minority stake in OneBanks

GLORY LTD, a popular name in the global cash tech solutions to the fast food, retail, and financial industries, has recently made an announcement that it will now invest in OneBanks, an innovator in the banking segment. Glory will be the cornerstone of the funding round, and it will also support the ambitions of OneBanks to become a prominent name in the global everyday banking sector. oneBanks has already secured funding from several prominent angel investors like Baroness Bottomley and Rupert Pennant-Rea. After the latest funding round, Glory will become the main external investor with a large minority in the enlarged capital.

Along with Glory’s commitment and support from additional funds, OneBanks is all set to take over the market. As of now, OneBanks is testing its shared branch kiosk in three locations, and plans are in motion to replicate the same in 15 locations by the end of 2022. The company is expecting to have at least 150 kiosks by the end of 2025. OneBanks developed new proprietary technology to allow multiple banks to offer greater services from one location.  This will significantly lower the costs when compared to the traditional banks. The customers participating in the same will have free access to multiple transactions.