Open Financial Technologies
PrivateLast Round
Series D
May 2, 2022
Est. Valuation
$1B
Total Funding Raised
$188.65M
Momentum Score
25 /100
Company Overview
Open Financial Technologies, founded in 2017, is an Indian neo-banking platform that provides a comprehensive suite of financial management tools for small and medium-sized enterprises (SMEs), startups, and freelancers. The company offers a business account that integrates banking, payments, automated accounting, invoicing, expense management, and compliance services. While not a bank itself, Open partners with leading financial institutions to deliver its services. In May 2022, the company raised a $50 million Series D funding round, achieving unicorn status with a valuation of over $1 billion. The platform serves over 3.5 million businesses and processes more than $35 billion in transactions annually.
Sector
FinTech
Verticals
Digital Banking, Accounting & Expense, Digital Payments, Corporate Banking
Business Model
B2B
Customer Profile
Subscription SaaS, Payment Processing Fee, Usage-Based SaaS, Freemium
AI Layer
Application
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Open Financial Technologies Comps
Public and private peers based on sector, stage, and business model.
Open Financial Technologies Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Series D | May 2, 2022 | ||||
| Series C | Oct 12, 2021 | ||||
| Debt | Jun 15, 2021 | ||||
| Series B | Jun 25, 2019 | ||||
| Series A | Feb 12, 2019 | ||||
Seed | May 17, 2018 |
Key People
Founding team and executive leadership
Open Financial Technologies Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Temasek | Series D |
| Unicorn India Ventures | Series A, Seed |
| IIFL Finance Limited | Series D |
| BetterCapital AngelList syndicate | Seed, Series B |
| Renge Ventures | Series B |
| Tanglin Venture Partners | Series B |
| Trifecta Capital | Debt |
Market signals
Structured signals derived from secondary market and firmographic data.
- Jan 1, 2026
Named one of the 'Top 10 companies among 200 Companies' by Forbes India and D Globalist.
- Jan 1, 2026
Achieved unicorn status with a $1B valuation.
Open Financial Technologies Filings
SEC and related filings with document metadata.
| Typed | Date | Amount Offered | Amount Sold | Filling | Pages | Download |
|---|---|---|---|---|---|---|
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Frequently Asked Questions
Common questions about Open Financial Technologies's valuation, stock price, and market status.
