Open Financial Technologies Overview

  • Year Founded
  • 2017

Year Founded

  • Status
  • Private

  • Employees
  • 468

Employees

  • Latest Deal Type
  • 2ndary - Private

  • Investors
  • 26

Open Financial Technologies General Information

Description

Developer of a digital banking platform designed to offer efficient and secure banking services and automate business payments. The company's platform includes a digital business account that can be activated using a fully digital onboarding process and comes with integrated GST-compliant invoicing, bookkeeping, payments, API Banking, and a credit line, enabling SMEs to manage cash flows, automate accounting, and get insights into their businesses.

Contact Information

Website
open.money
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Corporate Office
  • 3rd Floor, Tower 2
  • RGA Tech Park, Sarjapur Road
  • Bengaluru, Karnataka 560035
  • India
Primary Industry
Financial Software
Vertical(s)
SaaS, TMT, FinTech, Mobile
Corporate Office
  • 3rd Floor, Tower 2
  • RGA Tech Park, Sarjapur Road
  • Bengaluru, Karnataka 560035
  • India

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Open Financial Technologies Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
10. Secondary Transaction - Private Completed Generating Revenue
9. Later Stage VC (Series D) 02-May-2022 Completed Generating Revenue
8. Later Stage VC (Series C) 14-Sep-2021 Completed Generating Revenue
7. Accelerator/Incubator 01-Jan-2021 Completed Generating Revenue
6. Early Stage VC (Series B) 25-Jun-2019 Completed Generating Revenue
5. Early Stage VC (Series A) 12-Feb-2019 Completed Generating Revenue
4. Seed Round 01-Jul-2018 Completed Generating Revenue
3. Accelerator/Incubator 25-Jul-2017 Completed Startup
2. Angel (individual) 13-Jul-2017 $250K $250K Completed Startup
1. Accelerator/Incubator Completed Startup
To view Open Financial Technologies’s complete valuation and funding history, request access »

Open Financial Technologies Cap Table

Stock # of Shares
Authorized		 Par Value Dividend Rate (%) Original
Issue Price		 Liquidation Liquidation
Pref. Multiple		 Conversion Price % Owned
Ordinary
Preference
Ordinary
Preference
Ordinary
CCPS
Ordinary
CCPS
Ordinary 1 $0.135606 $180 $180 1x $180 0%
CCPS 4,459 $1.356062 $180 $180 1x $180 11.76%
To view Open Financial Technologies’s complete cap table history, request access »

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Open Financial Technologies Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Developer of a digital banking platform designed to offer efficient and secure banking services and automate business pa
Financial Software
Bengaluru, India
468 As of 2025

Gurgaon, India
 

Toronto, Canada
 
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Open Financial Technologies Competitors (64)

One of Open Financial Technologies’s 64 competitors is Nupay, a Venture Capital-Backed company based in Gurgaon, India.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Nupay Venture Capital-Backed Gurgaon, India
FreshBooks Venture Capital-Backed Toronto, Canada
iPayables Private Equity-Backed Provo, UT
Zuora Private Equity-Backed Foster City, CA
Wave Financial Private Equity-Backed Toronto, Canada
You’re viewing 5 of 64 competitors. Get the full list »

Open Financial Technologies Patents

  • 11

    Total Documents Applications and Grants

  • Total Patents Families

  • 2

    Granted

  • Pending

  • Expiring in next 12 mo

Open Financial Technologies Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
AU-2002366840-A1 Electronic buying guide architecture Inactive 07-Dec-2001
CA-2480091-A1 Electronic buying guide architecture Inactive 07-Dec-2001
EP-1522190-A1 Electronic buying guide architecture Inactive 07-Dec-2001
EP-1522190-A4 Electronic buying guide architecture Inactive 07-Dec-2001
WO-2003055217-A1 Electronic buying guide architecture Inactive 07-Dec-2001 H04N21/478
To view Open Financial Technologies’s complete patent history, request access »

Open Financial Technologies Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

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Open Financial Technologies Investors (26)

Investor Name Investor Type Holding Investor Since Participating Rounds
BlueLotus Ventures Venture Capital Minority
IIFL Finance (Acquired) Corporation Minority
Thirdbase Capital Venture Capital Minority
Yolo Investments Venture Capital Minority
Alphabet Holding Company Minority
You’re viewing 5 of 26 investors. Get the full list »

Open Financial Technologies Investments & Acquisitions (3)

Open Financial Technologies’s most recent deal was a Joint Venture with IIFL Open Fintech for . The deal was made on 04-May-2022.

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
IIFL Open Fintech 04-May-2022 Joint Venture Other Financial Services
Finin 14-Dec-2021 Merger/Acquisition Other Commercial Banks
Optotax 18-Feb-2021 Merger/Acquisition Accounting, Audit and Tax Services (B2B)
To view Open Financial Technologies’s complete investments and acquisitions history, request access »

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Open Financial Technologies Affiliates

Subsidiaries (1)

Name Industry Location Year Founded
Optotax Hyderabad, India 2017

Open Financial Technologies FAQs

  • When was Open Financial Technologies founded?

    Open Financial Technologies was founded in 2017.

  • Where is Open Financial Technologies headquartered?

    Open Financial Technologies is headquartered in Bengaluru, India.

  • What is the size of Open Financial Technologies?

    Open Financial Technologies has 468 total employees.

  • What industry is Open Financial Technologies in?

    Open Financial Technologies’s primary industry is Financial Software.

  • Is Open Financial Technologies a private or public company?

    Open Financial Technologies is a Private company.

  • What is Open Financial Technologies’s current revenue?

    The current revenue for Open Financial Technologies is .

  • How much funding has Open Financial Technologies raised over time?

    Open Financial Technologies has raised $188M.

  • Who are Open Financial Technologies’s investors?

    BlueLotus Ventures, IIFL Finance (Acquired), Thirdbase Capital, Yolo Investments, and Alphabet are 5 of 26 investors who have invested in Open Financial Technologies.

  • Who are Open Financial Technologies’s competitors?

    Nupay, FreshBooks, iPayables, Zuora, and Wave Financial are some of the 64 competitors of Open Financial Technologies.

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