Open Co - About the company
Open Co is a series D company based in Sao Paulo (Brazil), founded in 2021 by Rafael Pereira. It operates as a Loan life cycle management software for financial institutions. Open Co has raised $115M in funding from SoftBank Latin America Fund. The company has 461 active competitors, including 85 funded and 37 that have exited. Its top competitors include companies like FinBox, OPLinnovate and nCino.
Company Details
Loan life cycle management software for financial institutions. Its products include Gerua, an online platform for consumer & business loans; Rebel, an AI-enabled tool for analyzing the customer's financial history; and more.
- Website
- open-co.com
- Email ID
- *****@ovocom.com.br
Key Metrics
Founded Year
2021
Location
Sao Paulo, Brazil
Stage
Series D
Total Funding
$115M in 3 rounds
Latest Funding Round
Investors
Ranked
27th among 461 active competitors
Employee Count
181 as on Jul 31, 2026
Investment & Acquisitions
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Open Co's funding and investors
Open Co has raised a total funding of $115M over 3 rounds. Its first funding round was on Apr 19, 2021. Open Co has 8 institutional investors.
Here is the list of recent funding rounds of Open Co:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Feb 20, 2024 | 3050810 | Conventional Debt | 6290765 | 7691868 | 7577029 | 7559672 |
Dec 15, 2021 | 2051759 | Series D | 8140440 | 7629616 | 6796228 | |
Apr 19, 2021 | 1686345 | Conventional Debt | 2176062 | 1892167 | 5626562 |
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Open Co's founders and board of directors
Founder? Claim ProfileThe founders of Open Co is Rafael Pereira.
Here are the details of Open Co's key team members:
- Rafael Pereira: Co-Founder of Open Co and founder of 1 other company. They serve on the board of 1 company.
View details of Open Co's Founder profiles and Board Members
Open Co's employee count trend
Open Co has 181 employees as of Jul 26. Here is Open Co's employee count trend over the years:
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Open Co's Competitors and alternates
Top competitors of Open Co include FinBox, OPLinnovate and nCino. Here is the list of Top 10 competitors of Open Co, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Provider of infrastructure, risk intelligence, and orchestration solutions for digital lending | $51.1M | 69/100 | ||
2nd |  OPLinnovate 2015, Ahmedabad (India), Series B | White label solutions for financial institutions | $14.2M | 67/100 | |
3rd | nCino 2011, Wilmington (United States), Public | Provider of a platform for digitizing and reengineering financial service processes | $222M | 67/100 | |
4th | Peach Finance 2018, Oakland (United States), Acquired | Software for loan life cycle management | $35.8M | 65/100 | |
5th | Provider of AI-driven platform for financial analysis, verification, and decisioning | $435M | 63/100 | ||
6th | Provider of software, data, analytics, and related services for financial institutions | - | 63/100 | ||
7th |  Finley 2021, San Francisco (United States), Acquired | Software-based credit cycle management solutions for businesses | $20.1M | 62/100 | |
8th |  Casca 2023, San Francisco (United States), Series A | Provider of AI-powered loan origination system for banks | $33M | 62/100 | |
9th | MeridianLink 1998, Costa Mesa (United States), Acquired | Loan life cycle management systems for lenders and financial institutions | - | 62/100 | |
10th |  Turnkey Lender 2014, Austin (United States), Series A | AI-driven loan origination and management software for banks and non-bank lenders | $18.1M | 61/100 | |
27th | Loan life cycle management software for financial institutions | $115M | 52/100 |
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Open Co's Investments and acquisitions
Open Co has acquired 2 companies including BizCapital and BoletoFlex. Open Co has not made any investments as of now.Reports related to Open Co
Here is the latest report on Open Co's sector:
News related to Open Co
Filter this list•
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Open CO Captures Fidc of R $ 50 million to expand credit to small and medium enterprisesFinsidersbrasil•Feb 21, 2024•Open Co, empirica,
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BizCapital’s Merger with Open CoGlobal Legal Chronicle•Jun 26, 2023•Wilson Sonsini Goodrich & Rosati, BizCapital, Open Co
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SoftBank Corp to sell USD352m of bondscommsupdate.com•Jun 20, 2023•SoftBank, SMBC Nikko Securities, Bank of Japan, and 2 others
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Lending Fintech Kanastra Raises $13 Million Seed RoundCrowdfund Insider•Jun 15, 2023•Kanastra, Valor Capital Group, Quona, QED Investors and 15 others
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Kanastra wants to build the 'back office' of alternative investmentsFusoes & Aquisicoes•Jun 14, 2023•Kanastra, Valor Capital Group, Quona, QED Investors and 14 others
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Fintech Open Co makes first acquisition and advances in digital creditFusoes & Aquisicoes•Dec 15, 2022•Open Co, BoletoFlex
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Serasa Experian buys software company Nogord.ioFusoes & Aquisicoes•Oct 14, 2022•Serasa, NOGORD.IO, Open Co
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