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. See more

Basic Information

Bangalore 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. See more

Legal Name

:

Open Financial Technologies Private Limited

Headquarters

:

Bangalore, Karnataka, India

Business Model

:

B2C,

B2B

Founding Date

:

May 2017

No. of Employees

:

101 to 150

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

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Funding

Investors

:

1.

Amrish Rau

2.

Jitendra Gupta

3.

Speedinvest

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Detail Round Breakdown

Round 1
Round 2
Round 3
Round 4
Round 5

$250k

Series Name

:

SEED

Date

:

Jul 2017

Investors

:
1.

Amrish Rau

2.

Jitendra Gupta