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Open
company
About
Open is a neo-banking platform for SMEs and startups that enables businesses to manage their finances effectively.
- Bangalore,Karnataka,India
- 251 - 500
- https://open.money
Details
- Last Funding Type
- Seed
- Last Funding Money Raised
- $2M
- Industries
- Financial Services,FinTech
- Founded date
- May 1, 2017
- Number Of Employee
- 251 - 500
- Operating Status
- Active
- Legal Name
- Open Financial Technologies Pvt. Ltd.
- Also Known As
- Open Money,Open.money,Open Financial Technologies,bankopen,bankopen.co
Open develops and offers an online platform for banking and intercompany settlement. It offers digital banking service for startups and small and medium enterprises that offer digital bank accounts that includes a current account packed with tools for bookkeeping, invoices, moving money, and accessing credit.Open's application programming interface platform lets financial institutions integrate banking and payments into their applications and accounting systems. Anish Achuthan founded it in 2017, with its headquarters in Bengaluru in India.
Funding Rounds
Number of Funding Rounds
Total Funding Amount
8
$187.40M ₹250M
Open has raised a total of
$187.40M ₹250M
in funding over 2 rounds. Their latest funding was raised on
May 2, 2022 from a Series D round.
| Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
|---|---|---|---|---|---|---|
| May 2, 2022 | Series D | $50M | 4 | — | — | Detail |
| Sep 9, 2021 | Series C | $100M | 5 |
Temasek Holdings
|
— | Detail |
| Jun 15, 2021 | Debt Financing | ₹250M | 1 |
Trifecta Capital Advisors
|
— | Detail |
| Jun 1, 2019 | Series B | $30M | 5 | — | — | Detail |
| Feb 12, 2019 | Series A | $5M | 5 |
3one4 Capital
BEENEXT
Speedinvest
|
— | Detail |
Investors
Number of Lead Investors
Number of Investors
9
18
Open is funded by 18 investors.
Trifecta Capital Advisors
and BEENEXT
are the most recent investors.
| Investor Name | Lead Investor | Funding Round |
|---|---|---|
|
Trifecta Capital Advisors
|
Yes | Debt Financing |
|
BEENEXT
|
Yes | Series A |
Amrish Rau
|
Yes | Angel |
Jitendra Gupta
|
Yes | Angel |
|
3one4 Capital
|
— | Series D |
IIFL Finance
|
— | Series D |
|
Temasek Holdings
|
— | Series D |
Tiger Global Management
|
— | Series D |
Google
|
— | Series C |
SBI Investment
|
— | Series C |
Employee Profiles
Number of Employee Profiles
8
Open has 8 current employee profiles, including
Board observer Pranav Pai
Board observer
Executive
Executive
Executive
Executive
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