Open Financial Technologies Pvt Ltd
Open is the first SME focussed neobanking platform in Asia. Founded in 2017, Open is today one of the fastest growing SME neobanking fintech globally adding over 7500 SMEs every month on the platform and processing close to USD1 Billion in transactions annually on the platform and managing over USD100 Million in customer deposits. Open offers a business current account with integrated tools for invoicing, payouts and automated accounting along with a Mastercard business card to help SMEs automate and run their finances effectively.
The startup is founded by serial entrepreneurs Anish Achuthan and Mabel Chacko, who have previously founded 3 payments startups with 2 successful exits and have been part of the senior management of PayU and Citrus Pay in India. The neo-banking services are offered in partnership with ICICI Bank - The largest private bank in India and the startup is backed by leading VC funds Beenext, Speedinvest, 3one4 Capital, Recruit Japan, ART Capital (private equity arm of Yes Bank founder Rana Kapoor's family office), Unicorn India Ventures and Angellist Syndicate.