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Insights

Strategic Partnerships Open Financial Technologies has recently partnered with multiple banks, such as State Bank of India, Axis Bank, and SBM Bank India, to offer innovative banking solutions. Leveraging these partnerships can lead to potential sales opportunities by tapping into the customer bases of these established financial institutions.

Tech Integration By utilizing a tech stack that includes Heap, Java, and Google Tag Manager, Open demonstrates a commitment to technological advancement. This emphasis on technology can attract businesses seeking fintech solutions and integration capabilities, presenting a sales opportunity for companies looking to enhance their digital banking offerings.

Market Expansion With a rapidly growing user base of over 35,00,000 SMEs and startups, Open Financial Technologies has a strong foothold in the market. Sales professionals can capitalize on this extensive reach by offering complementary services and products to these businesses, thereby expanding market penetration and increasing sales opportunities.

Financial Stability Despite some recent layoffs, Open's revenue ranging between $50M - 100M and funding of $50M indicate financial stability. This financial health positions the company as a reliable long-term partner for businesses looking for sustainable banking solutions, presenting sales opportunities within the SME and startup segments.

Competitive Landscape In correlation with companies like Finastra and Mambu, Open Financial Technologies stands out with its focus on SMEs and startups. Identifying key differentiators and leveraging Open's specialized offerings can help sales teams target niche markets efficiently, gaining a competitive edge and driving sales growth.

Similar companies to Open Financial Technologies

Open Financial Technologies Tech Stack

Open Financial Technologies uses 8 technology products and services including Heap, Atlassian, Jamf, and more. Explore Open Financial Technologies's tech stack below.

  • Heap
    Analytics
  • Atlassian
    Application Development & Management
  • Jamf
    Enterprise Mobility Management
  • Java
    Programming Languages
  • New Relic
    Real User Monitoring
  • Google Tag Manager
    Tag Management
  • Appium
    Testing And Qa
  • SvelteKit
    UI Frameworks

Media & News

Open Financial Technologies's Email Address Formats

Open Financial Technologies uses at least 2 format(s):
Open Financial Technologies Email FormatsExamplePercentage
First.Last@bankopen.coJohn.Doe@bankopen.co
85%
First.L@bankopen.coJohn.D@bankopen.co
6%
First@bankopen.coJohn@bankopen.co
5%
First.Middle@bankopen.coJohn.Michael@bankopen.co
3%
First.MiddleLast@bankopen.coJohn.MichaelDoe@bankopen.co
1%

Frequently Asked Questions

Where is Open Financial Technologies's headquarters located?

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Open Financial Technologies's main headquarters is located at Bangalore, Karnataka 560035 IN. The company has employees across 3 continents, including AsiaNorth AmericaEurope.

What is Open Financial Technologies's official website and social media links?

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Open Financial Technologies's official website is open.money and has social profiles on LinkedIn.

How much revenue does Open Financial Technologies generate?

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As of September 2024, Open Financial Technologies's annual revenue reached $75M.

What is Open Financial Technologies's NAICS code?

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Open Financial Technologies's NAICS code is 52 - Finance and Insurance.

How many employees does Open Financial Technologies have currently?

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As of September 2024, Open Financial Technologies has approximately 559 employees across 3 continents, including AsiaNorth AmericaEurope. Key team members include Vice President - Enterprise Banking Solutions & International Markets: S. R.Head Of Digital Marketing: N. P.Head Of Content And Growth: D. G.. Explore Open Financial Technologies's employee directory with LeadIQ.

What industry does Open Financial Technologies belong to?

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Open Financial Technologies operates in the Financial Services industry.

What technology does Open Financial Technologies use?

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Open Financial Technologies's tech stack includes HeapAtlassianJamfJavaNew RelicGoogle Tag ManagerAppiumSvelteKit.

What is Open Financial Technologies's email format?

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Open Financial Technologies's email format typically follows the pattern of . Find more Open Financial Technologies email formats with LeadIQ.

How much funding has Open Financial Technologies raised to date?

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As of September 2024, Open Financial Technologies has raised $50M in funding. The last funding round occurred on May 02, 2022 for $50M.

When was Open Financial Technologies founded?

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Open Financial Technologies was founded in 2017.
Open Financial Technologies

Open Financial Technologies

Financial ServicesKarnataka, India501-1000 Employees

Open is Asia’s first neobanking platform for SMEs and startups. We are on a mission to deliver a truly seamless business banking experience and make managing finances a breeze.
 
Powered by partner banks, Open offers a business account that let’s small business owners collect payments, auto-reconcile them, and make seamless payouts. We don’t stop with just that - we also offer additional tools designed exclusively for businesses, such as an integrated payment gateway, automated accounting and expense management. 
 
Open has been revolutionizing the way SMEs and startups bank since 2017 and we currently serve more than 35,00,000 SMEs and process US $35 Billion in transactions annually. The platform onboards 50,000 new SMEs and startups every month.
 
We are growing at an incredible pace and are on the lookout for new and exciting talent to join the Open tribe.

Section iconCompany Overview

Headquarters
Bangalore, Karnataka 560035 IN
Website
open.money
NAICS Code
52 - Finance and Insurance
Founded
2017
Employees
501-1000

Section iconFunding & Financials

  • $50M

    Open Financial Technologies has raised a total of $50M of funding over 8 rounds. Their latest funding round was raised on May 02, 2022 in the amount of $50M.

  • $50M$100M

    Open Financial Technologies's revenue is in the range of $50M$100M

Section iconFunding & Financials

  • $50M

    Open Financial Technologies has raised a total of $50M of funding over 8 rounds. Their latest funding round was raised on May 02, 2022 in the amount of $50M.

  • $50M$100M

    Open Financial Technologies's revenue is in the range of $50M$100M

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