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Open

Open is an online banking platform that offers cash flow management, bookkeeping and invoicing solutions for small and medium-sized enterprises. Read more

Anish Achuthan's photo - Co-Founder & CEO of Open

Co-Founder & CEO

Anish Achuthan

CEO Approval Rating

88/100

Founded:

2017

Status:

PrivateIndependent Company

Est. Annual Revenue
Est. Employees
Headquarters
,
Karnataka

OPEN TOP COMPETITORS OR ALTERNATIVES

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Invoicera is one of Open's top rivals. Invoicera's headquarters is in Noida, Uttar Pradesh, and was founded in 2009. Like Open, Invoicera also competes in the Fintech industry. Invoicera generates 321% of Open's revenue.

Happay has been one of Open's top competitors. Happay was founded in 2012 in Inn Bangalore, Karnataka. Like Open, Happay also operates in the Internet Software field. Happay generates $300K less revenue than Open.

FreshBooks is one of Open's top competitors. FreshBooks was founded in Toronto, Ontario} in 2003. Like Open, FreshBooks also competes in the Internet Software sector. Compared to Open, FreshBooks generates $62.7M more revenue.

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Growth Score - 1/1

Is 122 a good estimate for Open's Employee count?

Open Acquisitions

No recent acquisitions found related to Open

Open Funding History

Since Open was founded in 2017, it has participated in 4 rounds of funding. In total Open has raised $35.2M. Open's last funding round was on Jun 2019 for a total of $30.0M

ROUND

FUNDING DATE

AMOUNT

INVESTORS

Series B
Jun 2019
$30M

3one4 Capital

Series A
Feb 2019
$5M
Seed
May 2018
--
Unattributed
Jul 2017
$250K
-

Since Open was founded in 2017, it has participated in 4 rounds of funding. In total Open has raised $35.2M. Open's last funding round was on Jun 2019 for a total of $30.0M

Open Investments

No recent investments found related to Open

Open News

March 25, 2020The Economic Times

Fintech startup Open to start lending next fiscal, expects uptick delay due to Covid-19

Open's app store currently has 10 apps, including ones for marketplace listings, tax filing, and book... See more »
December 12, 2019Entrackr

3one4 Capital makes final close of two new funds - Rising and Continuum

Early-stage venture capital firm 3one4 Capital has made the final close of its two new funds - Rising... See more »
November 12, 2019YourStory

Fintech startup Open partners with Visa; launches business credit card for SMEs

The card will be integrated with expense and subscription management tools, that will help business o... See more »
July 31, 2019The Paypers

Neo-banking platform Open and Visa partner to launch SME banking options

(The Paypers) India-based neo-banking platform Open has announced a strategic partnership with Visa, ... See more »
July 10, 2019Finovate

Spain Approves Neo as a B2B Challenger Bank

Corporate banking startup Neo announced it has just been authorized to offer multicurrency business a... See more »
May 14, 2019The Business Journals

These best-funded Bay Area food startups have raised more than $3 billion

Bay Area food companies know how to rake in the big bucks. Whether they produce fish alternatives in ... See more »
February 14, 2019IndianWeb2

Neo-banking Startup Open Raises $5 Mn from Beenext, Speedinvest and 3one4 Capital

Bangalore-based fintech startup Open Financial Technologies Pvt Ltd (Open), which offers a digital ne... See more »

Open Blogs

May 18, 2021Open Blog

How small businesses can collect online payments without a website on Open?

2020 brought about changes in the way businesses collect online payments across the globe. Especially... See more »
May 12, 2021Open Blog

Redefining leadership at work - the Open way

"A leader is one who knows the way, goes the way, and shows the way". - John Maxwell Leadership inevi... See more »
May 7, 2021Open Blog

Top 11 most asked questions about virtual accounts

Virtual accounts are a compelling alternative for companies to simplify tracking amount receivables! ... See more »
May 4, 2021Open Blog

How Open brings banking & finance together for your business

Between last year and this year till date, much of the financial and technological revolution has bee... See more »
April 29, 2021Open Blog

How to simplify your salary processing with Open Payroll

As business owners, most of you will agree the satisfaction that comes with every employee being paid... See more »
April 22, 2021Open Blog

How Open simplifies business finance for e-commerce startups?

E-commerce startups have gone through a lot of changes in the last decade when it comes to managing b... See more »
April 15, 2021Open Blog

Decoding neobanking: Why neobanks are winning over businesses

Customers don't want to think about banking. They just want it to work. Traditionally speaking, in I... See more »

Open Videos

Social Media

Open Headquarters

Outer Ring Road 2nd Floor, No. 80, Gayathri Mansion,Bellandur

Bangalore, Karnataka560103

Driving Directions »

Trending Companies

Open Summary

ABOUT

Overview

Open is an online banking platform that offers cash flow management, bookkeeping and invoicing solutions for small and medium-sized enterprises. Open was founded in 2017. Open's headquarters is located in Bangalore, Karnataka, IN 560103. It has raise...

CEO

Open's Co-Founder & CEO, Anish Achuthan, currently has an approval rating of 88%. Open's primary competitors are Invoicera, Happay & FreshBooks.

Frequently Asked Questions about Open

  1. When was Open founded?

    Open was founded in 2017
  2. Who is Open's CEO?

    Open's CEO is Anish Achuthan
  3. How much revenue does Open generate?

    Open generates $2.3M in revenue
  4. How much funding does Open have?

    Open has historically raised $35.3M in funding
  1. Where is Open's headquarters?

    Open's headquarters is in Bangalore Karnataka, IN
  2. How many employees does Open have?

    Open has 122 employees
  3. What sector does Open operate in?

    Open is in Internet Software, Fintech
  4. Who are Open's competitors?

    Open's top competitors are Invoicera, Happay, FreshBooks