OverviewSuggest Edit

Open is a company that operates a “neo-bank” to help businesses run their finances. The company offers a platform that automates finances tasks such as multiple bank accounts maintaining, daily spendings bookkeeping, and others. It provides users a business account that allows to collect payments, auto-reconcile them, and make seamless payouts.

TypePrivate
Founded2016
HQBengaluru, IN
Websiteopen.money

Latest Updates

Employees (est.) (Jul 2021)333(+5%)
Cybersecurity ratingBMore

Key People/Management at Open

Amrish Rau

Amrish Rau

CEO & MD - PayU India
Chiranth Patil

Chiranth Patil

Co-Founder & Partner - BetaPlus Capital Partners
Vaibhav Domkudkar

Vaibhav Domkudkar

Co-Founder - BetterCapital India Syndicate
Aprameya Radhakrishna

Aprameya Radhakrishna

Co-Founder - TaxiForSure
Show more

Open Office Locations

Open has offices in Bengaluru and Mumbai
Bengaluru, IN (HQ)
2nd Floor, No. 80, Gayathri Mansion, Outer Ring Rd
Bengaluru, IN
27th Main Rd, 1st Sector, HSR Layout
Mumbai, IN
841, Senapati Bapat Pawar Marg, BDD Chawl, Lower Parel
Show all (3)

Open Financials and Metrics

Summary Metrics

Founding Date

2016

Open total Funding

$37.4 m

Open latest funding size

$30 m

Time since last funding

2 years ago

Open investors

Open's latest funding round in June 2019 was reported to be $30 m. In total, Open has raised $37.4 m. Open's latest valuation is reported to be $150 m.
View all funding rounds

Open Revenue

Market valuation

150.0m
Show all financial metrics

Open Acquisitions / Subsidiaries

Company NameDateDeal Size
OptobizzFebruary 18, 2021$5 m

Open Cybersecurity Score

Cybersecurity ratingPremium dataset

B

82/100

SecurityScorecard logo

Open Online and Social Media Presence

Embed Graph

Open Blogs

How hyperlocal delivery businesses can streamline banking & finances with Open

The hyperlocal delivery businesses in India have been thriving on the customers’ demand to get things delivered at the doorstep within a click of a button! Now that the pandemic is clouding the economic outlook, the hyperlocal delivery model — hands down — creates new opportunities for more such sma…

Should small businesses outsource their payroll?

Processing payroll is a recurring financial operation for every business. And since payroll is a substantial business expense, small businesses need to set aside dedicated time & resources every month — leaving no room for errors.  Research suggests that, on average, a small business spends over…

What are the pros and cons of having multiple payment gateways on your website?

Payment gateways are the ultimate go-to for both B2B and B2C companies as they ensure your company gets the benefit out of the online payment collection process. And once new customers start availing the services, using multiple payment gateways becomes inevitable. But as we all know, not all paymen…

How entrepreneurship helped me become a true-blue product manager

I kickstarted my engineering back in CUSAT, Cochin out of sheer passion for coding. I’ve always set my heart on building tech products & was an active part of all startup communities.  During my third year of college, along with my friends, I embarked on my first career venture. We […] The post …

Prepaid expense cards – A guide on managing your offline business expenses

Prepaid expense cards are still predominantly used by most businesses despite online payments and transactions like UPI soaring in this era of digitization.  Why you ask? While online payments have their place, offline expenses and transactions are still prevalent and widely used by businesses simpl…

Set up an online store & smartly grow your business with OpenStore

Did you know that 86% Indians shopped online subsequent to Covid-19 in 2020? That’s right!   With the onset of the pandemic, people across age groups adopted online shopping in their daily lives. This implies that small businesses who previously only had a physical presence had to now move their bus…
Show more

Open Frequently Asked Questions

  • When was Open founded?

    Open was founded in 2016.

  • Who are Open key executives?

    Open's key executives are Amrish Rau, Chiranth Patil and Vaibhav Domkudkar.

  • How many employees does Open have?

    Open has 333 employees.

  • Who are Open competitors?

    Competitors of Open include Te Creemos, Julius Baer and MX.

  • Where is Open headquarters?

    Open headquarters is located at 2nd Floor, No. 80, Gayathri Mansion, Outer Ring Rd, Bengaluru.

  • Where are Open offices?

    Open has offices in Bengaluru and Mumbai.

  • How many offices does Open have?

    Open has 3 offices.