Open Financial Technologies logo — India's largest connected finance platform for businesses.

Open Financial Technologies

India's largest connected finance platform for businesses.

Founded 2017 India India 438 employees Series D Total: $437.40M Financial Services, Fintech

General Information

Company Name Open Financial Technologies
Founded Year 2017
Location India India
Employees 438
Industries Financial Services, Fintech
Funding Stage Series D
Social

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About Open Financial Technologies

Open Financial Technologies is India's leading connected finance platform for businesses. Since its establishment in 2017, OPEN has been providing a robust suite of financial solutions to streamline business payments through connected banking, along with additional tools for tax and compliance, cash flow insights, custom ERPs, access to capital, payroll management, and accounting. Currently, over 4 million businesses and finance teams rely on OPEN to automate their financial operations, indicating its significant impact in the market. The recent $50.00M Series D investment on 02 May 2022 underscores its growth trajectory and potential. This round of funding was led by 3one4 Capital, Tiger Global Management, Temasek Holdings, and IIFL Finance. With its headquarters in India, OPEN continues to expand rapidly and is actively seeking new talent to join its team, reflecting its ambitious vision for the future.

Business keywords: neobanking platform, financial solutions, payments, tax and compliance, cash flow management, capital access, payroll management, accounting services, SME financing, business banking, expense management, connected banking, automated finances

Services & Products

Connected Banking
Business Payments
Finance Automation
GST Returns

Target Customers

Startups SMEs Enterprises Retail & Ecommerce Software & Technology Manufacturers Real Estate Healthcare Hospitality

Funding Rounds & Investors (8)

View All
Funding Stage Amount Investors Lead Investors Date
Series D $50.00M 3
3one4 Capital, Temasek Holdings +1
02 May 2022
Series C $100.00M 5
3one4 Capital, Temasek Holdings +3
09 Sep 2021
Debt Financing INR250.00M 1
Trifecta Leaders Fund
15 Jun 2021
Series B $30.00M 4
AngelList, Speedinvest +2
01 Jun 2019
Series A $5.00M 5
AngelList, Speedinvest +3
12 Feb 2019
Seed Round $2.00M 5
Recruit Strategic Partners, Unicorn India Ventures +3
17 May 2018
Pre Seed Round $150.00K 1
ISME ACE - FinTech Accelerator
27 Dec 2017
Angel Round $250.00K 2
Jitendra Gupta, Amrish Rau
13 Jul 2017

Open Financial Technologies Alternatives & Competitors

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Open Financial Technologies vs
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FAQ About Open Financial Technologies

India's largest connected finance platform for businesses.
Open Financial Technologies was founded in 2017.
Open Financial Technologies is headquartered in India.
Open Financial Technologies operates in Financial Services and Fintech. Its work centres on neobanking platform, financial solutions, payments and tax and compliance. Its customers include Startups, SMEs and Enterprises.
Open Financial Technologies has approximately 438 employees.
Open Financial Technologies has completed 8 funding rounds, raising a total of $437.40M. The latest funding stage is Series D.
Open Financial Technologies offers: Connected Banking, Business Payments, Finance Automation, GST Returns.
Top alternatives and competitors to Open Financial Technologies include BankiFi, Lenco (YC W22), Marlo, Norma, EasyPol | Payment Solutions | BFM | PFM. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Open Financial Technologies and BankiFi are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Open Financial Technologies, https://bouncewatch.com/company/open-financial-technologies, updated 30 April 2026. When citing, please name BounceWatch and link this page.

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