Open Co-founder Mabel Chacko wins ‘Woman Leader in Fintech’ award
Mabel Chacko, Co-founder and COO of Open, Asia’s largest growing neo-banking platform for SMBs and startups, has won the ‘Woman Leader in Fintech’ award at India Fintech Awards 2019 (IFTA) organised by the National Payments Corporation of India (NCPI) and the Fintech Forum. The award recognises Mabel Chacko’s leadership position and her contributions to the fintech space.
As part of the award, 23 fintech startups from the US, Hungary, New Zealand, Israel, and Singapore were shortlisted from over 400 applications and had to present their product innovations in front of a panel of judges.
On being presented with the award, Mabel Chacko said, “I am honored to win the Woman Leader in Fintech award at IFTA 2019. A lot of great conversations happened during India Fintech Awards that brought together different perspectives on all the latest developments in fintech.”
Founded in 2017, Open recently received $30 million in a Series B round, led by Tiger Global Management and Tanglin Venture Partners Advisors. The Open platform today has already grown to over 250,000 SMEs and processing over $7 billion in annualised transactions. The platform also adds over 35,000 SMEs every month, making it the fastest-growing SME focused neobanking service globally.
Open Financial Technologies Pvt Ltd (www.bankopen.co) is an SME-focused neo-banking platform. Open is founded by serial entrepreneurs Anish Achuthan, Mabel Chacko, and Ajeesh Achuthan along with ex-TaxiforSure CFO Deena Jacob.