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OPEN FINANCIAL TECHNOLOGIES PRIVATE LIMITED

OpenBank

U67200KA2017PTC166507

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₹1,999.00 ₹3,998.00
Suggest Edit Last updated: Jan 3, 2025
Key Metrics
  • No. of Employees582
  • Founded Year 2017
  • Company StagePrivate Limited Company
  • Total Funding₹1,408.89 Cr
  • Industry

  • Headquarter
  • Company StatusActive
About OpenBank
Open is Asia’s first neobanking platform for SMEs and startups. Powered by partner banks, Open offers a business account that let’s small business owners collect payments, auto-reconcile them, and make seamless payouts. Open also offers additional tools designed exclusively for businesses, such as an integrated payment gateway, automated accounting and expense management.
Business Model

OpenBank is a neo-baking platform which offers offers digital banking services such as current account services, credit cards, debit cards, payments, accounting and expense management in partnerships with banks for startups and small and medium enterprises (SMEs)

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FR
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OpenBank Funding Details
Funding Highlights
Latest Funding RoundSeries D
Total Funding Raised₹1,408.89 Cr
No. of Investments Made0
Total No. of Acquisitions2
Lead Investors5
Investors
  • Beenext, Tiger Global, Temasek, 3one4 Capital, Unicorn India Ventures
Funding Details
TheKredible's detailed funding report contains info about Funding raised by the company along with Lead Investors, Investors, Shareholding Strcuture, and its Investments & Acquisitions.
₹799.00 ₹1,598.00
Funding History
TheKredible's 'Funding History' report provides deep insights of Funding with list of Lead Investors
₹399.00 ₹798.00
Funding Per Year
A Funding report of the company's overall funding on yearly basis, segregated by the team TheKredible.
₹199.00 ₹398.00
Acquisition Company Done
Detailed report about the Acquistions the company has done till date.
₹499.00 ₹998.00
OpenBank Financial Details
Financial Highlights
FY 2023-24 Revenue₹46.12 Cr
FY 2023-24 Expenses₹194.66 Cr
FY 2023-24 Profit/Loss-₹169.68 Cr
Net Cash Flow From Operations-₹91.58 Cr
Full Financial Details
Detailed report containing info about Business Model, year-wise Financial Comparison, Ratio Analysis and detailed Revenue and Expense breakdowns.
₹799.00 ₹1,598.00
Financial Comparison
A detailed report of year-wise Financial Comparison of the company
₹430.00 ₹860.00
Revenue Breakdown
A report and breakdown of the company's year-wise revenue streams.
₹399.00 ₹798.00
Expense Breakdown
A report and breakdown of the company's year-wise expenditures.
₹399.00 ₹798.00
Shareholding Structure
Team at TheKredible has gone through several ROC filings and portrayed Shareholding Structure of the company.
₹499.00 ₹998.00
Financial Ratio
Analysis of Financial Ratios which gives quick insights about the company's profitability and capital efficiency.
₹199.00 ₹398.00
OpenBank Key People
People Metrics
Current Core Team4
Board Members/Directors6

Core Team

AA
Anish AchuthanCo-Founder & CEO
AA
Ajeesh Achuthan Co-Founder & CTO
DJ
Deena Jacob Co-Founder & CFO
MC
Mabel Chacko Co-Founder & COO

Board Members/Directors

MC
Mabel Chacko Director
AA
Anish Achuthan Director
AA
Ajeesh Achuthan Director
DJ
Deena Jacob Director
BM
Bhaskar Majumdar Nominee Director
MN
Mohit Naresh Bhandari Nominee Director
OpenBank Documents

AY - 2018-19

Profit and Loss statement - OpenBank - 2018-19.pdf
TheKredible's experts has summarized the Profit and Loss Statement of OpenBank for FY 2018-19.
₹249.00 ₹498.00
Balance Sheet - OpenBank - 2018-19.pdf
TheKredible's experts has summarized the Balance Sheet of OpenBank for FY 2018-19.
₹249.00 ₹498.00

AY - 2019-20

Profit and Loss statement - OpenBank - 2019-20.pdf
TheKredible's experts has summarized the Profit and Loss Statement of OpenBank for FY 2019-20.
₹249.00 ₹498.00
Balance Sheet - OpenBank - 2019-20.pdf
TheKredible's experts has summarized the Balance Sheet of OpenBank for FY 2019-20.
₹249.00 ₹498.00

AY - 2020-21

Profit and Loss statement - OpenBank - 2020-21.pdf
TheKredible's experts has summarized the Profit and Loss Statement of OpenBank for FY 2020-21.
₹249.00 ₹498.00
Balance Sheet - OpenBank - 2020-21.pdf
TheKredible's experts has summarized the Balance Sheet of OpenBank for FY 2020-21.
₹249.00 ₹498.00

AY - 2021-22

Profit and Loss statement - OpenBank - 2021-22.pdf
TheKredible's experts has summarized the Profit and Loss Statement of OpenBank for FY 2021-22.
₹249.00 ₹498.00
Balance Sheet - OpenBank - 2021-22.pdf
TheKredible's experts has summarized the Balance Sheet of OpenBank for FY 2021-22.
₹249.00 ₹498.00

AY - 2022-23

Profit and loss statement - OpenBank - 2022-23.pdf
TheKredible's experts has summarized the Profit and Loss Statement of OpenBank for FY 2022-23
₹249.00 ₹498.00
Balance sheet - OpenBank - 2022-23.pdf
TheKredible's experts has summarized the Balance Sheet of OpenBank for FY 2022-23
₹249.00 ₹498.00

AY - 2023-24

Profit and loss statement - OpenBank - 2023-24.pdf
TheKredible's experts has summarized the Profit and Loss Statement of OpenBank for FY 2023-24
₹249.00 ₹498.00
Balance sheet - OpenBank - 2023-24.pdf
TheKredible's experts has summarized the Balance Sheet of OpenBank for FY 2023-24
₹249.00 ₹498.00

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