Open

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

Highlights

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