Fintech startup Open among the 8 Indian companies in KPMG Fintech100 Report
by Shrutee K/DNS
Bangalore - Open, the fastest-growing SME neobanking service
globally, has made it to the ‘Fintech 100’, a collaborative initiative
undertaken by KPMG and H2 Ventures, which recognizes the best fintech
innovators from around the world. Open is the only neobanking platform from
India to be featured on this list, and one of eight Indian fintech companies
beside Paytm, Ola Money, Policy Bazaar and LendingKart to be recognized.
The ‘Fintech100’, currently in its
sixth year, highlights truly innovative companies who are creating products and
services at the juncture of technology and financial services. These companies
are seeking to disrupt the existing processes and products that dominate the
marketplace, with fintech companies from 36 countries featuring in this year’s
list.
Mabel Chacko, Co-founder of Open, said: “This is a proud moment for us at Open and we are
honoured to be among the eight Indian Fintechs on the KPMG Fintech100 list. It
took us two years of hustle to reach the traction we see today with over
200,000 SMEs using our platform. This is just the beginning. We aim to have 10
lakh SMEs using Open by September 2020.’’
The 2019 ‘Fintech 100’ list is prepared by KPMG and H2 Ventures
Open is the only Indian neobanking platform in the list
Open among eight Indian fintech firms to be recognized in the Fintech100 Report
About Open: Open Financial Technologies Pvt Ltd
(bankopen.com) is an SME-focused business banking platform. Open is founded by
serial entrepreneurs Anish Achuthan, Mabel Chacko and Ajeesh Achuthan along
with exTaxiforSure CFO Deena Jacob. Founded in 2017, Open is one of the world’s
fastest growing SME-focused business banking platforms with over 200,000 SMEs,
processing over $6.5billion (INR 45,000 crores) in transaction processing
volume annually and adding 35,000 new SMEs every month. Open is backed by leading global investors like
Tiger Global, Speedinvest, Beenext, Recruit Strategic Partners, AngelList,
3one4 Capital, Unicorn India Ventures, Tanglin Venture Partner Advisors etc and
has raised $35 million in funding so far.
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