Open Financial Technologies

Open is an SME digital banking service that offers a business platform that helps businesses automate and run their finances effectively.

Open is on a mission to deliver a truly seamless business banking experience and make managing finances a breeze.

Open was founded in 2017 by Anish Achuthan, Mabel Chacko, and Deena Jacob. The company is headquartered in Bangalore, Karnataka, India.


Open operates a neo-bank that offers small and medium-sized businesses as well as enterprises nearly all the features of the bank with additional tools to serve the needs of a business.


Open has expanded its offerings to provide its neobanking technology stack to banks in a white-label licensing arrangement, who then sell it to their own customers.


Open has partnerships with over a dozen top banks in India, is used by more than 2.3 million businesses. The company processes over $30 billion worth transactions each year.


Open is backed by Temasek, Tiger Global, Google, IIFL, 3one4 Capital, SBI Investment, Tanglin Venture Partners Advisors, Speedinvest, and others. The company raised $50M in Series D round on May 02, 2022. This brings Open's total funding to $190.8M to date. The latest round mints Open the 100th unicorn from India with a valuation of $1B post-money.



  • Year founded: 2017
  • Funding Info: $190.8M over 7 Rounds (Latest Funding Type: Series D)
  • Yearly Revenue: NA
  • Employee Size: 201-500
  • Business Valuation: Valued at $1B as of May 02, 2022
  • City/Town: Bangalore
  • State: Karnataka
  • Country: India
Related businesses