Company Information

Get to know Open

Founded in 2017, Open is a leading neobanking platform based in India, catering specifically to small and medium-sized enterprises (SMEs), startups, and freelancers. The company's mission is to simplify business finance by providing an all-in-one platform that integrates business current accounts, payment gateways, automated accounting, invoicing, payroll, and expense management. Open became India's 100th unicorn in May 2022 after a successful funding round led by IIFL. It partners with established banks to provide its banking services while layering its proprietary software to streamline financial operations for businesses.

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Financial BankingPRIMARY
Financial Other Service

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Open

India

Founded in

May 2017 (9 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Markets.com

(327 reviews)

United States

2008

(18 years)

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.