Open - News, Articles & Research

Company announcement/payments

Open launches Bharat BillPay for Businesses

Open, a leading fintech that offers an all-in-one finance platform for SMEs to automate their finances, has launched Bharat Billpay for Business in partnership with NPCI Bharat BillPay Limited (NBBL). With this launch, OPEN became one among the first few Indian fintechs to offer Bharat Billpay for Businesses.

28 August 2024

Company announcement/payments

Open receives final approval from RBI to operate as a Payment Aggregator

OPEN, a leading fintech that offers an all-in-one finance platform for SMEs to automate their finances, is glad to announce the successful receipt of the Payment Aggregator/Payment Gateway (PA/PG) license from the regulatory authority, Reserve Bank of India (RBI).

19 December 2023

Company announcement/wholesale

Axis Bank teams with Open to launch digital-only current account for businesses

Axis Bank, India’s third largest private sector bank has partnered with the world’s fastest-growing digital banking enterprise, OPEN, to provide a fully native digital current account journey for its customers including SMEs, freelancers, homepreneurs, influencers and more.

05 January 2023

Company announcement/retail

SBM Bank India forms partnership with embedded finance platform Zwitch

SBM Bank India and OPEN Financial Technologies Pvt Ltd today announced a strategic partnership for launching Asia’s first end-to-end Embedded Finance platform- Zwitch- to offer a no-code, low-code and full-stack API solution that enables fintechs to build their own financial products using Zwitch’s technology stack, comprising of a drag-drop dashboard, low code plugins along with 300+ APIs.

29 November 2022

News/retail

Indian neobank Open hits unicorn status

Indian neobank Open has become a unicorn after securing $50 million in a Series D funding round led by investment firm IIFL.

04 May 2022

Company announcement

Visa partners with fintech Open for SME business banking

Fintech start-up Open, which offers a business banking service for SMEs and start-ups in partnership with banks have announced a strategic partnership with Visa, the global leader in payments technology, to enhance their business banking proposition for SMEs. The partnership will enable Open to launch a suite of innovative products that include a business credit card for SMEs, payment gateway acquiring and real time payments.

30 July 2019

News

Indian neobank Open raises $30m

Open, an Indian neo-banking startup targeting SMEs, is set to launch a "programmable" bank account after raising $30 million in a Series B funding round led by Tiger Global Management.

25 June 2019