OPEN FINANCIAL TECHNOLOGIES PVT. LTD.
OPEN FINANCIAL TECHNOLOGIES PVT. LTD. Open Financial Technologies Pvt. Ltd., (Open), founded in 2017 by Anish Achuthan, Ajeesh Achuthan and Mabel Chacko, offers business banking, payments and expense management services to over one million small and medium enterprises. It claims to process USD24 billion in transactions annually. Prior to this, Open has raised USD45-50 million from investors like Tiger Global, 3one4 Capital, Speedinvest and BetterCapital, among others. In February, the company announced the acquisition of Optobizz, a GST and financial automation start-up, for USD5 million in a stock plus cash deal. “We are a neo-banking platform that is fast-changing the fundamentals of how businesses do banking! Ever since our conception, we have been proactively enabling businesses to manage their finances effectively.” “Open is a technology platform - it is not a bank and does not hold or claim to hold a banking license. The business current accounts, VISA cor