Open is Asia’s first neobanking platform for SMEs and startups. We are on a mission to deliver a truly seamless business banking experience and make managing finances a breeze.
Powered by partner banks, Open offers a business account that let’s small business owners collect payments, auto-reconcile them, and make seamless payouts. We don’t stop with just that - we also offer additional tools designed exclusively for businesses, such as an integrated payment gateway, automated accounting and expense management.
Open has been revolutionizing the way SMEs and startups bank since 2017 and we currently serve more than 15,00,000 SMEs and process US $24 Billion in transactions annually. The platform onboards 50,000 new SMEs and startups every month.
We are growing at an incredible pace and are on the lookout for new and exciting talent to join the Open tribe.
Powered by partner banks, Open offers a business account that let’s small business owners collect payments, auto-reconcile them, and make seamless payouts. We don’t stop with just that - we also offer additional tools designed exclusively for businesses, such as an integrated payment gateway, automated accounting and expense management.
Open has been revolutionizing the way SMEs and startups bank since 2017 and we currently serve more than 15,00,000 SMEs and process US $24 Billion in transactions annually. The platform onboards 50,000 new SMEs and startups every month.
We are growing at an incredible pace and are on the lookout for new and exciting talent to join the Open tribe.
Location: India, Karnataka, Bengaluru
Employees: 201-500
Founded date: 2017
Investors 4
| Date | Name | Website |
| 26.05.2021 | Speedinves... | speedinves... |
| - | Tanglin Ve... | tanglinvp.... |
| - | Better Cap... | bettercapi... |
| - | 535West | 535west.co... |
Mentions in press and media 10
| Date | Title | Description |
| 06.02.2026 | Unicorn India Ventures, IIT Madras Research Park team up for deep-tech fund | Unicorn India Ventures managing partners Anil Joshi (left) and Bhaskar Majumdar Early-stage venture capital firm Unicorn India Ventures, which is an investor in companies such as retail startup Daalchini, neo-banking firm Open and robotics ... |
| 04.02.2026 | Unicorn India Ventures marks final close of third fund | Credit: 123RF.com Unicorn India Ventures, an early-stage venture capital firm which has backed companies such as retail startup Daalchini, neo-banking firm Open and robotics startup Genrobotics, has marked the final close of its third fund ... |
| 30.04.2024 | Groww receives RBI approval to operate as payment aggregator | Fintech unicorn Groww has received approval from the Reserve Bank of India to operate as a payment aggregator. The firm has joined several fintechs which recently received similar approval from the central bank. RBI has granted the licence ... |
| 24.04.2024 | PayU to onboard new merchants as it gets PA license from RBI | PayU has received in-principle approval from The Reserve Bank of India (RBI) to operate as a payment aggregator. The nod will also allow the fintech firm to onboard new merchants on its platform. Back in January 2023, the apex banking body ... |
| 22.04.2024 | Neobanking Unicorn OPEN Spent INR 297 Cr To Clock INR 30 Cr Revenue In FY23 | SUMMARY OPEN’s net loss declined 3% to INR 242.2 Cr in FY23 from INR 249.3 Cr in the previous fiscal year Operating revenue grew 1.2X to INR 29.9 Cr during the year under review from INR 24.1 Cr in FY22 EBITDA stood at - INR 210.9 Cr in FY2... |
| 03.05.2022 | Bengaluru’s Open Financial Technologies Finalizes $50M Series D Round | Open Financial Technologies has reportedly acquired $50 million in capital via a Series D funding round that was led by IIFL Finance. Existing investors Tiger Global, Temasek and 3one4 Capital have also made contributions to Open Financial ... |
| 01.05.2022 | Google-backed neobank Open becomes unicorn with new funding | India has 100 unicorns now. The Bengaluru-headquartered neobank Open entered the coveted club on Monday with a new funding round, it said. The five-year-old startup did not disclose the size of its Series D funding, but a source familiar wi... |
| 28.04.2022 | $50m Temasek-backed round makes Indian neobank a unicorn | FintechInvestmentsNews Jenina Ibañez · 2d ago · 1 min read$50m Temasek-backed round makes Indian neobank a unicorn Digital bank Open has joined the ranks of India’s unicorns after closing a round led by financial services firm IIFL. While t... |
| 14.12.2021 | Google-backed neobank Open acquires Finin for $10 million | Open has acquired consumer neobanking startup Finin for $10 million as the Bangalore-based, Google-backed business-focused neobanking platform looks to broaden its offerings and deepen relationships with banks. The deal involves both cash a... |
| 12.10.2021 | Google and Temasek back Indian neobank Open in $100 million funding | Google has invested in Bangalore-based Open, becoming the latest high-profile investor to back a neobanking platform. Open said on Tuesday it has raised $100 million in a Series C financing round. Singapore’s sovereign wealth fund Temasek l... |