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Founded in 2017 by Anish and Mabel Chacko, OPEN is a neo-banking start-up that is focussed on small businesses, enabling them to manage cash flows, automate accounting and get easy access to credit line.
Basic Information
Bengaluru-based Open is Asia’s first neo-banking platform for SMEs and start-ups. It serves more than 2, 50,000 SMEs and processes $7 billion in transactions, annually. The platform on-boards 35,000 new SMEs and start-ups every month. It was featured among the top 100 fintech companies globally in 2019. Founded in 2017 by Anish and Mabel Chacko, OPEN is a neo-banking start-up that is focussed on small businesses, enabling them to manage cash flows, automate accounting and get easy access to credit line. Apart from enabling the businesses to run their finances effectively, the platform also offers APIs for developers to integrate banking and payments into their business workflows.
Legal Name
:
Open Financial Technologies Private Limited
Headquarters
:
Bangalore, Karnataka, India
Business Model
:
B2C,  B2B  
Founding Date
:
May 2017
No. of Employees
:
251 to 500
Core Team
:
1.  
Mabel Chacko
Co-Founder & Chief Operating Officer
2.  
Anish Achuthan
Co-Founder & Chief Executive Officer
3.  
Ajeesh Achuthan
Co-Founder & Chief Technology Officer
4.  
Deena Jacob
Co-Founder & Chief Financial Officer

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Funding

Total Funding

$185.3M

Investors
:
1.  
Jitendra Gupta
2.  
Amrish Rau
3.  
Speedinvest
4.  
ISME ACE - FinTech Accelerator

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Detail Round Breakdown
Round 1
Round 2
Round 3
Round 4
Round 5
Round 6
Round 7

$250k

Series Name
:
PRE-SERIES-A
Date
:
Jul 2017
Investors
:
1.  
Amrish Rau
2.  
Jitendra Gupta