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Temasek led a $100m Series C funding round in Open.

Synopsis

Temasek led a $100m Series C funding round in Open, a developer of a digital banking platform designed to offer efficient and secure banking services and automate business payments. Other investors include Google, SBI Investment, Tiger Global and 3one4 Capital. The startup provides its neobanking technology to banks in a white-label licensing arrangement, who then sell it to their customers. The startup is eyeing strategic merger and acquisitions opportunities in India and other markets and is looking to hire more talent.

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