Open - About the company
Open is a series D company based in Bengaluru (India), founded in 2017 by Anish Achuthan, Ajeesh Achuthan, Mabel Chacko and Abhishek Sinku. It operates as a Provider of a platform for business payments and connected banking. Open has raised $186M in funding from investors like India Infoline, Tiger Global Management and Speedinvest, with a current valuation of $1B. The company has 64 active competitors, including 15 funded and 1 that has exited. Its top competitors include companies like Tide, Jupiter and OakNorth Bank.
Sectors and market segments that Open operate in
Open serves in the FinTech market segments.The primary business model of Open is:Company Details
Provider of a platform for business payments and connected banking. The platform allows businesses to connect bank accounts to streamline sending and receiving payments. It offers tools for creating invoices, tracking receivables, and reconciling payments with accounting software. The platform supports multiple payment methods and automated reconciliation. It also provides features for managing payroll, expenses, and tax filing.
- Website
- open.money
- Social
- Email ID
- *****@open.money
- Registered Address
- 3RD FLOOR,TOWER 2,RGA TECH PARK,18, SARJAPUR ROAD, CARMELARAM,HADOSIDDAPURA,DODDAKANNELLI, Bangalore, BENGALURU, Karnataka, India, 560035
Key Metrics
Founded Year
2017
Location
Bengaluru, India
Stage
Series D
Total Funding
$186M in 7 rounds
Latest Funding Round
Post Money Valuation
$1B as on May 02, 2022
Investors
Ranked
5th among 64 active competitors
Annual Revenue
₹50 - ₹100 Cr as on Mar 31, 2025
Employee Count
254 as on Aug 31, 2025
Legal entities associated with Open
Open is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
OPEN FINANCIAL TECHNOLOGIES PRIVATE LIMITED CIN: U67200KL2017PTC054626 , India, Active | ₹50 - ₹100 Cr (As on Mar 31, 2025) | 188 (As on May 01, 2026) | ||
OPEN FINANCIAL TECHNOLOGIES PRIVATE LIMITED CIN: U67200KA2017PTC166507 , India, Active | May 19, 2017 | ₹50 - ₹100 Cr (As on Mar 31, 2025) | 197 (As on Apr 01, 2026) |
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Open's funding and investors
Open has raised a total funding of $186M over 7 rounds. Its first funding round was on Jul 13, 2017. Its latest funding round was a Series D round on May 02, 2022 for $50M. 6 investors participated in its latest round. Open has 29 institutional investors and 10 angel investors.
Here is the list of recent funding rounds of Open:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
May 02, 2022 | $50M | Series D | $1B | 171.2x | ||
May 18, 2021 | $100M | Series C | $371M | 99.9x | - | |
Jun 25, 2019 | $30M | Series B | $144M | 309.9x |
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Open's founders and board of directors
Founder? Claim ProfileThe founders of Open are Anish Achuthan, Ajeesh Achuthan, Mabel Chacko and Abhishek Sinku. Anish Achuthan and are the CEOs of Open.
Here are the details of Open's key team members:
- Anish Achuthan: Co-Founder & CEO of Open and founder of 6 other companies, including Open, Open Capital and BANKINGSTACK. They are also an angel investor in 1 startup and serve on the boards of 2 companies.Contact Info: 1 email address and 1 phone number
- Ajeesh Achuthan: Co-Founder & CTO of Open. They are also an angel investor in 1 startup and serve on the board of 1 company.Contact Info: 1 email address and 2 phone numbers
- Mabel Chacko: Co-Founder & COO of Open. Contact Info: 1 email address
- Abhishek Sinku: Founder's Office - Management Trainee of Open.
Open's Board of Directors
Open's board has 6 active members. Anish Achuthan, Ajeesh Achuthan, Mabel Chacko, Bhaskar Majumdar, Mohit Naresh Bhandari and Deena Jacob are part of team.Here is the list of Open's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 7y 11m | |
Team | - | Current | 8y 9m | |
Team | - | Current | 4y 10m | |
Team | - | Current | 8y 9m | |
Investor | - | Current | 7y 3m | |
Investor | - | Current | 4y 3m |
View details of Open's Founder profiles and Board Members
Open's employee count trend
Open has 254 employees as of Aug 25. The total employee count is 33.0% lower than what it was in Aug 24. Here is Open's employee count trend over the years:
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Open's Competitors and alternates
Top competitors of Open include Tide, Jupiter and OakNorth Bank. Here is the list of Top 10 competitors of Open, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Tide 2015, London (United Kingdom), Series C | Digital business banking platform | $181M | 80/100 | |
2nd | Online platform offering a suite of financial services | $201M | 80/100 | ||
3rd |  OakNorth Bank 2015, London (United Kingdom), Series C | Digital bank empowering entrepreneurs and savers with smart tools | $962M | 74/100 | |
4th |  Allica Bank 2019, London (United Kingdom), Series D | Digital business bank offering current accounts, savings, lending, and financial management tools | $503M | 74/100 | |
5th | Provider of a platform for business payments and connected banking | $186M | 63/100 | ||
6th | Digital credit platform providing financial solutions to underserved small- and micro- retailers | $147M | 61/100 | ||
7th | Agent-based payment solution provider | $145K | 56/100 | ||
8th | Provider of neobanking and business intelligence platforms for SMEs | $1.43M | 52/100 | ||
9th | AI-powered neo-banking platform | $3.97M | 51/100 | ||
10th | Provider of financial services and products for small business owners | $12.3M | 48/100 |
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Open's Investments and acquisitions
Open has acquired 2 companies including Finin and Chrio. Open has not made any investments as of now.Reports related to Open
Here is the latest report on Open's sector:
News related to Open
Filter this listMedia has covered Open for 1 event in last 1 year, It was about company updates.
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More than 30 Indian neobanks tap partner banks to scale branchless servicesIndiatimes•Sep 18, 2025•Fi, Niyo, Open, NeoGrowth and 1 other
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JUKKI Inc., operator of the money database "OpenMoney," has raised a total of approximately 150 million yen in Series A fundingStartup Log•Aug 08, 2024•JUKI, ONE CAREER, XTech Ventures, OpenMoney and 1 other
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HSBC India partners with Open Financial Technologies to launch FinConnect for business clientsFintechinshorts•Jul 27, 2024•HSBC, Open
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New functions in Open Finance and Pix are 'powerful' for companies, says Mercado PagoFinsidersbrasil•Apr 26, 2024•Open, Pix
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